5.87 Acre Property on Route
For Sale
$599,000
4499 LEONARDTOWN Rd, Waldorf, MD 20601
5.87 acre property suitable for various uses.
Property Size2,551 SF
Lot Size5.87 Acres
Days on Market312
Property Features for 4499 LEONARDTOWN Rd
General Information
Standard status
Active
Size
2,551 SF
Lot size
5.87 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,892
Building Details
Building Size
2,551 SF
Year Built
1957
Listed By:
James G Elrod · License #51636
(240) 925-5793
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 28
Last Checked: Oct 4 at 10:14AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 5.87 acre property on Route 5
- Large outbuilding with potential uses
- Good location for a church or veterinary clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,076
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,520
$421.5K
Cap Rate 7%
$301,086
$301.1K
Cap Rate 9%
$234,178
$234.2K
Market Conditions
NOI Build-Up for 2,551 SF
Gross rent
$38.3K $15.00/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$35.1K $13.77/SF
− OpEx
−$14.1K −$5.51/SF
NOI
$21.1K $8.26/SF
Area
Charles County, MD
Vacancy
8.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,520
Cap Rate 7%
$301,086
Cap Rate 9%
$234,178
Alternative Uses
Best Use
Healthcare Medical
$301.1K
$263.5K – $351.3K
NOI $21,076 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.82M
$31.34M – $41.79M
NOI $2,507,402 @ 7.0% cap · market cap 418.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 20601, MD
27,789
Population
10,560
Households
2.6
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
47.8 sq mi
ZIP Area
581
Density / Sq Mi
$120,278
Median Household Income
$59,004
Median Earnings
$2,154
Median Rent
$380,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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
