Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3022 Festival Way Waldorf, MD 20601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease at 3022 Festival Way.

    Type:Retail, Restaurant
    Added:
    Oct 12, 2022
    Days on Market:
    1285
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 3022 Festival Way

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 3022 Festival Way Contact us

    We can help!

    Listing Contact
    Ray Schupp

    Listing agent Ray Schupp License #MD

    Listing office H&R Retail

    Listing date Oct 12, 2022

    Source Crexi

    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 H&R Retail

    Overview

    Retail Space Available For Lease

    This property, located at 3022 Festival Way in Waldorf, MD, is available for lease. It is suitable for retail purposes, including restaurants and other commercial real estate ventures.
    Location Intelligence

    Current Use by Public Records

    Mathnasium Tutoring Service Five Below (Bike/Boat/Book/etc) Store DSW Discount Shoe ... Clothing & Fashion Store

    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
    -76.911375
    Latitude
    38.627272

    Nearby Similar for Lease

    • Contact for pricing

      Flex Space in Waldorf, MD

      Well-built flex space ideal for professional or contractor use.
      3440 ROCKEFELLER Court, WALDORF, MD 20602
      View Details
    • $21/mo

      WALDORF Flex/Retail Space Available

      1,265 SF flex/retail space in Waldorf, MD for lease.
      11668 BILLINGSLEY Road, WALDORF, MD 20602
      View Details
    • $18/mo

      WALDORF, MD Office Space

      First floor office suite available April 1, 2026.
      3825 LEONARDTOWN Road, WALDORF, MD 20601
      View Details
    • $20/mo

      Medical Office in Cambridge Center

      Medical office condominium in Waldorf's Cambridge Professional Center.
      3450 OLD WASHINGTON Road, WALDORF, MD 20602
      View Details
    • Contact for pricing

      Auto Repair Property on Rt.301

      Automotive repair property on Rt.301 in Waldorf, MD for lease.
      2245 CRAIN Highway, WALDORF, MD 20601
      View Details
    • Contact for pricing

      Versatile Flex Space with Warehouse

      Flex space with office and warehouse, drive-in door, ample parking.
      3440 Rockefeller Ct #3440, WALDORF, MD 20602
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      1600 SF warehouse space with bay door for rent.
      28 Industrial Park Dr #u, WALDORF, MD 20602
      View Details
    • Contact for pricing

      WALDORF, MD Storage Building Lease

      Storage building for lease in Waldorf, MD, near Food Lion.
      3220 OLD WASHINGTON Road, WALDORF, MD 20602
      View Details
    • Contact for pricing

      Warehouse Space in Gough Industrial

      4,200 SF warehouse space available for lease.
      3454-3458 GOUGH DRIVE, WALDORF, MD 20602
      View Details
    • Contact for pricing

      Auto Repair Property on Rt. 301

      Former auto repair and service property available for rent.
      2245 CRAIN Hwy, Waldorf, MD 20601
      View Details
    • $12/mo

      Flex Space Near Route 301

      Flex suites available near Route 301 in Waldorf, MD.
      8 Jay Gould Court, Waldorf, MD 20602
      View Details
    • Contact for pricing

      Retail Space in Waldorf, MD

      Retail spaces available at a busy intersection in Waldorf.
      Festival Way, Waldorf, MD
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail space for lease at 3022 Festival Way.
    Where is this retail property located?
    The property is located at 3022 Festival Way Waldorf, MD.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ray Schupp
    Real Estate License ID: MD
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!