Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5.87 Acre Property on Route 5 Title is generated by Realmo AI

    4499 LEONARDTOWN Rd, Waldorf, MD 20601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    5.87 acre property suitable for various uses.

    Lot size:
    5.87 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    177
    Last Refresh:
    May 10 at 8:31 pm

    Property Features for 4499 LEONARDTOWN Rd

    General Information

    Standard status
    Active
    Lot size
    5.87 Acres
    Property subtype
    Other

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    James G Elrod

    Listing agent James G Elrod License #51636

    Listing office

    Listing date Nov 27, 2025

    Source Elliman

    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 James G Elrod

    HighLights

    • 5.87 acre property on Route 5
    • Large outbuilding with potential uses
    • Good location for a church or veterinary clinic
    • Potential for other uses through special exception
    • Formerly an office/veterinary clinic
    • Large brick home (needs significant work)

    Overview

    This 5.87-acre property is located on Route 5 in Forest Park. The site includes a building previously used as an office and veterinary clinic, along with a large brick home featuring hardwood floors that require attention. A mold issue exists within the home. Additionally, there is a large outbuilding that could serve multiple purposes. The location is suitable for a church or another veterinary clinic, with the potential for other uses through special exception.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Law Firm Spa & Massage Center Hair Salon Hotel & Motel Pharmacy Skin Care Clinic Food Market HVAC Service Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Waldorf
    County
    Charles
    State
    Maryland
    Longitude
    -76.8728
    Latitude
    38.5995

    Nearby Similar for Sale

    • $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
    • $399,000

      Income-Producing Commercial Property in Waldorf

      Income-producing property with long-term national tenant in well-maintained office complex.
      3460 OLD WASHINGTON Road, WALDORF, MD 20602
      View Details
    • $254,900

      Well-Built Flex Space For Sale

      Flex space ideal for professional or contractor use.
      3440 ROCKEFELLER Ct 3440, Waldorf, MD 20602
      View Details
    • $445,000
      1,879 SF

      Medical Office Condo For Sale

      Medical office condominium in Waldorf, Maryland. Ideal for owner-user.
      3450 OLD WASHINGTON ROAD 202, WALDORF, MD 20602
      View Details
    • $1,395,000
      6,100 SF

      6100 Sq Ft Office Building

      6100 sq ft office building with interior upgrades.
      11680 DOOLITTLE, Waldorf, MD 20601
      View Details
    • $300,000

      Detached Office Building in Waldorf

      One-story office building near St. Charles Town Center.
      152 Post Office Rd, WALDORF, MD 20602
      View Details
    • $2,900,000
      14,320 SF

      14,320 SF Waldorf Retail Buildings

      Two buildings with eight units in Waldorf, Maryland.
      303 POST OFFICE Rd, Waldorf, MD 20602
      View Details
    • $350,000
      1,449 SF

      Medical Office Investment Opportunity

      Medical office space leased to LabCorp until 2028.
      11350 PEMBROOKE SQUARE F301, WALDORF, MD 20603
      View Details
    • $350,000

      Medical Office Space For Sale

      Medical office space leased to LabCorp until 2028.
      11350 PEMBROOKE Square, WALDORF, MD 20603
      View Details
    • $1,395,000
      6,100 SF

      6100 Sq Ft Office Building

      6100 sq ft office building with interior upgrades.
      11680 Doolittle, WALDORF, MD 20601
      View Details
    • $3,800,000
      650 SF

      NNN Leased Investment Opportunity

      NNN leased investment with long-term tenant through October 2030.
      7005 SAINT FLORIAN Dr, Waldorf, MD 20603
      View Details

    FAQs

    What type of property is this?
    Medical space - 5.87 acre property suitable for various uses.
    Where is this medical space located?
    The property is located at 4499 LEONARDTOWN Rd Waldorf, MD.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 5.87 acre property on Route 5; Large outbuilding with potential uses; Good location for a church or veterinary clinic
    (240) 925-5793
    We can help!
    Listing Contact
    James G Elrod
    Real Estate License ID: 51636
    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
    4499 LEONARDTOWN Rd, 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!