Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    3040 LEONARDTOWN Road Waldorf, MD 20601

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    Commercial Sale - WALDORF, MD

    Type:Retail
    Lot size:
    2.25 Acres
    Added:
    Aug 12, 2018
    Days on Market:
    2825
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 3040 LEONARDTOWN Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    11
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    2.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12091

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1979
    Building materials
    Stick Built

    We can help!

    Listing Contact
    Anne M Hooper

    Listing agent Anne M Hooper License #628757

    Listing office Hooper & Associates 3605 Old Washington Road, WALDORF, MD

    Listing date Aug 12, 2018

    MLS# 1002218182

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.25 Acre +/- property in a designated Waldorf Opportunity Zone
    • Zoned WC (Waldorf Central) offering redevelopment potential
    • High visibility location at the intersection of US Route 301 (Crain Highway) and MD Route 5 (Leonardtown Road)
    • Significant traffic volume: AADT 61,470 on Crain Hwy and 36,170 on Leonardtown Road
    • Accessible from both Crain Highway Northbound & Leonardtown Road
    • Sellers will consider subdividing into two separate 1 - 1.25 Acre +/- parcels

    Overview

    2.25 Acres Waldorf Opportunity Zone

    This 2.25-acre property is located in a Waldorf Opportunity Zone, zoned WC (Waldorf Central). It is prominently situated at the intersection of US Route 301 (Crain Highway) and MD Route 5 (Leonardtown Road), offering high visibility with an Average Annual Daily Traffic (AADT) count of 61,470 vehicles on Crain Highway and 36,170 vehicles on Leonardtown Road. The site is accessible from both the northbound lane of Crain Highway and Leonardtown Road. An existing building is currently leased to a tenant, and the sale is subject to existing leases. The sellers will consider subdividing the property into two separate parcels of approximately 1 to 1.25 acres each. This property presents an investment or redevelopment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bizzy Bounce Party ... (Bike/Boat/Book/etc) Store Lin's Portable Toilet Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waldorf
    County
    Charles
    State
    Maryland
    Longitude
    -76.90911
    Latitude
    38.62615

    Nearby Similar for Sale

    • $399,900

      Prime Retail Pad Site Available

      2.46 acre commercial land in Waldorf, MD for sale.
      SMALLWOOD Drive, WALDORF, MD 20602
      View Details
    • $300,000

      Partially Wooded Land in Waldorf, MD

      5.88-acre parcel with development potential in Waldorf, Maryland.
      DAVIS Road, WALDORF, MD 20603
      View Details
    • $1,850,000

      Waldorf Automotive Repair Opportunity Zone

      Former auto repair property on Rt. 301, Waldorf, MD.
      2245 CRAIN Highway, WALDORF, MD 20601
      View Details
    • $774,950
      3,500 SF

      Versatile Waldorf Property with Parking

      Prime location with ample space and parking in Waldorf.
      3130 LEONARDTOWN Rd, Waldorf, MD 20601
      View Details
    • $599,999

      Equestrian & Agricultural Land Opportunity

      31.26 acres suitable for equestrian or agricultural pursuits.
      16420 CEDAR LAWN Drive, WALDORF, MD 20601
      View Details
    • $60,000

      Land in Desirable Waldorf Location

      Spacious lot in Accokeek/Waldorf, MD, ideal for custom home.
      ACCOKEEK Road, WALDORF, MD 20601
      View Details
    • $399,000

      Income-Producing Commercial Property in Waldorf

      Stable investment opportunity with a long-term national tenant.
      3460 OLD WASHINGTON Road, WALDORF, MD 20602
      View Details
    • $400,000

      Versatile Land Parcel in Waldorf

      3.13 acre parcel with development potential in Waldorf, Maryland.
      10515 BERRY Road, WALDORF, MD 20603
      View Details
    • $475,000

      52 Acres Land in Waldorf

      52-acre property with space, privacy, and natural beauty.
      PETZOLD Drive, WALDORF, MD 20601
      View Details
    • $79,900

      Wooded Lot in Waldorf, MD

      0.66 acre wooded lot near new homes in Waldorf.
      MCDANIEL Road, WALDORF, MD 20603
      View Details
    • $75,000

      Wooded Lot in Waldorf, MD

      Private 1.7-acre wooded lot, build your dream home!
      16106 BEALLE HILL Road, WALDORF, MD 20601
      View Details
    • $150,000

      Residential Land in Waldorf, MD

      Large flat lot in desirable Waldorf location.
      MILL HILL Road lot: 17, WALDORF, MD 20603
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.25 acres in Waldorf, MD, zoned WC.
    Where is this commercial land located?
    The property is located at 3040 LEONARDTOWN Road Waldorf, MD.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 2.25 Acre +/- property in a designated Waldorf Opportunity Zone; Zoned WC (Waldorf Central) offering redevelopment potential; High visibility location at the intersection of US Route 301 (Crain Highway) and MD Route 5 (Leonardtown Road)
    (301) 870-5841
    We can help!
    Listing Contact
    Anne M Hooper
    Real Estate License ID: 628757
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3040 LEONARDTOWN Road, WALDORF, MD 20601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!