25470 PT LOOKOUT RD, Leonardtown, MD 20650

Building Details

Tenancy Multi More

Listing Agency: Century 21 New Millennium California

Listed By: ANNE DAVIS · License MD #36144 Show Phone

Source: Crexi

Added: Oct 14 Changed: Nov 8 Last Checked: Nov 10 at 9:07AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 New Millennium California

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property combines a 41,108 SF retail center with 11,090 SF of office space in six condominium units. The buildings total 52,198 SF on a 3.91-acre parcel. Rear loading and service areas support building operations. Recent work includes HVAC upgrades, parking lot sealcoating, exterior painting, and partial roof updates.

The property fronts MD Route 5 and has two access points. MedStar St. Mary’s Hospital is nearby. Located in St. Mary’s County, the area has an estimated population of 116,692 and a median household income of $119,446.

Key Highlights

• 41,108 SF of retail space and 11,090 SF of office space
• 52,198 SF across six office condominium units on 3.91 acres
• Frontage along MD Route 5 with two entry points

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$504,233

Cap Rate

7.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,084,660 $10.1M

Cap Rate 7%

$7,203,329 $7.2M

Cap Rate 9%

$5,602,589 $5.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 52,198 SF

Gross rent

$783.0K $15.00/SF

− Vacancy

−$62.6K −$1.20/SF

EGI

$720.3K $13.80/SF

− OpEx

−$216.1K −$4.14/SF

NOI

$504.2K $9.66/SF

Area

St. Mary's County, MD

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,084,660

Cap Rate 7%

$7,203,329

Cap Rate 9%

$5,602,589

Alternative Uses

Best Use

Retail

$7.20M

$6.30M – $8.40M (±1% cap)

NOI $504,233 @ 7.0% cap · market cap 7.10%

Second Best

Mixed Use

$6.64M

$5.81M – $7.75M (±1% cap)

NOI $465,084 @ 7.0% cap · market cap 6.55%

Theoretical Best

Office A

$19.36M

$16.94M – $22.58M (±1% cap)

NOI $1,355,042 @ 7.0% cap · market cap 19.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Modern Nails & Spa Nail Salon Mac's Tap & Table Restaurant Arc of Southern Maryland Department Of Housing Parran's Flooring Center ... Carpet & Flooring Store Leonardtown Wine & Spirits (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Garden Center Plumbing Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

597

Businesses Nearby

37k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 42%

Shell Shops & Services

15,326 visits/mo 0.3 miles

Dunkin' Donuts Dining

13,084 visits/mo 0.3 miles

Ledo Pizza Dining

8,418 visits/mo 0.1 miles

Demographics for 20650, MD

15,298

Population

6,158

Households

2.5

Avg Household Size

41

Median Age

42%

College-Educated

92%

High-School Grad

61.4 sq mi

ZIP Area

249

Density / Sq Mi

$139,688

Median Household Income

$75,758

Median Earnings

$1,726

Median Rent

$464,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Retail and office components are served by rear loading and service areas.

Where is this mixed-use property located?

The property is located at 25470 PT LOOKOUT RD Leonardtown, MD.

What is the asking price?

The asking price for this property is $7,100,000.

What are key features of this property?

This property features: 41,108 SF of retail space and 11,090 SF of office space; 52,198 SF across six office condominium units on 3.91 acres; Frontage along MD Route 5 with two entry points