Versatile Waldorf Property with
3130 LEONARDTOWN Rd Waldorf, MD 20601
For Sale
$774,950
Prime location with ample space and parking in Waldorf.
Property Size3,500 SF
Price / SF$221.41
Days on Market97
Property Features for 3130 LEONARDTOWN Rd
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
Century 21 New Millennium
(301) 807-3185
Listed By:
Raymond W Curtis · License #504057
(301) 807-3185
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 9:24AM
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
Investment Insights
Based on property information with market context.
Located in the heart of downtown Waldorf, this property features excellent frontage on Leonardtown Road. The building offers over 3,500 square feet of above-ground space, complemented by a full basement with a fireplace and a walk-up, conditioned third-level attic. Constructed with hardwood flooring, the property includes a mini kitchen and 1.5 bathrooms. Additional features are fire escape stairs, oil heat, and central air conditioning. The roof, less than 15 years old, is equipped with durable 40-year architectural shingles. Situated on a large paved lot, the property provides ample parking. A detached 800 square foot garage with workshop space and a 400 square foot loft above adds flexibility. Currently occupied by an interior window treatment and blind company that is relocating out of state, this property presents an excellent opportunity for a variety of uses. A lighted sign with a timer will convey with the property.
Key Highlights
- Prime location on Leonardtown Road in downtown Waldorf with excellent frontage.
- Over 3,500 square feet of above‑ground space plus a full basement, conditioned third‑level attic, and detached garage with workshop and loft.
- Large paved lot providing ample parking.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $18.00 |
| − Vacancy | −$6.3k | −$1.80 |
| EGI | $56.7k | $16.20 |
| − OpEx | −$17.0k | −$4.86 |
| NOI | $39.7k | $11.34 |
3,500 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$49.15M
$43.00M – $57.34M
NOI $3,440,184 @ 7.0% cap · market cap 443.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- LB Innovations Events — 2901 Festival Way, Waldorf, MD 20601
Frequently Asked Questions
What type of property is this?
Storefront property - Prime location with ample space and parking in Waldorf.
Where is this storefront property located?
The property is located at 3130 LEONARDTOWN Rd Waldorf, MD.
What is the asking price?
The asking price for this property is $774,950.
What are key features of this property?
This property features: Prime location on Leonardtown Road in downtown Waldorf with excellent frontage.; Over 3,500 square feet of above‑ground space plus a full basement, conditioned third‑level attic, and detached garage with workshop and loft.; Large paved lot providing ample parking.
