Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    10290 Hg Trueman Rd Lusby, MD 20657

    • Office buildings
    • 5,060 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1425526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Middleham Cemetery / Cemetery
    • Smile Inc / Thrift Store
    • SMILE Food Pantry / Food Bank
    • CHURCHES / Church

    Property Details for 10290 Hg Trueman Rd

    Year built
    1999
    Construction
    BRICK
    Lot size
    1.45 lot acres
    Property size
    5,060 SF
    Zone code
    RUR
    Property type
    Office buildings
    APN
    01-234978
    APU
    1234978

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $845,000
      Market price range: $846k - $1.59M
      AI Estimate
      $699,000
      Market price range: $566k - $1.49M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,130,000
      Current use
      COMMERCIAL (GENERAL)
      $1,245,000
      Change: +10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lusby
    County
    Calvert
    State
    Maryland
    Longitude
    -76.4367
    Latitude
    38.3971
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $100,000
    $472,800
    $572,800
    -
    $100,000
    $472,800
    $572,800

    Comparable in this City

    • Value Estimation
      $1,260,000
      5,200 SF

      600 Sweetwater Rd

      OFFICE BUILDING • 5,200 SF
      600 Sweetwater Rd, Lusby, MD 20657
      View Details
    • Value Estimation by Request
      1,200 SF

      9285 Pardoe Rd

      OFFICE BUILDING • 1,200 SF
      9285 Pardoe Rd, Lusby, MD 20657
      View Details
    • Value Estimation by Request
      2,610 SF

      7495 Saw Ml Rd

      OFFICE BUILDING • 2,610 SF
      7495 Saw Ml Rd, Lusby, MD 20657-4716
      View Details
    • Value Estimation by Request
      1,000 SF

      300 Clubhouse Dr

      OFFICE BUILDING • 1,000 SF
      300 Clubhouse Dr, Lusby, MD 20657-3363
      View Details
    • Value Estimation by Request
      2,352 SF

      12601 Corral Dr

      OFFICE BUILDING • 2,352 SF
      12601 Corral Dr, Lusby, MD 20657-4425
      View Details
    • Value Estimation
      $565,000
      3,764 SF

      12865 Hg Trueman Rd

      OFFICE BUILDING • 3,764 SF
      12865 Hg Trueman Rd, Lusby, MD 20657-2994
      View Details

    Similar Nearby for Sale

    • $350,000

      Commercial Land in Opportunity Zone

      Land in Southern MD's Premier Business Park, many potential uses.
      35 Anchorage Ln, Lusby, MD 20657
      View Details
    • $358,800

      Commercial Land in Opportunity Zone

      Land suitable for commercial, industrial, retail, and office development.
      11205 Homeport Ct, Lusby, MD 20657
      View Details
    • $375,600

      Lusby Commercial Land Opportunity Zone

      Commercial land in opportunity zone, ideal for various business uses.
      11175 Homeport Ct, Lusby, MD 20657
      View Details
    • $412,300

      Opportunity Zone Land For Sale

      Land in Southern MD's Premier Place of Business, Opportunity Zone.
      25 Anchorage Ln, Lusby, MD 20657
      View Details
    • $477,000

      Lusby Commercial Land Opportunity

      Commercial land in opportunity zone, ideal for various business uses.
      75 Anchorage Ln, Lusby, MD 20657
      View Details
    • $498,000

      Lusby Commercial Land Opportunity

      Commercial land in Opportunity Zone, ready for development in Lusby.
      11150 Homeport Ct, Lusby, MD 20657
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Lusby Flex Space For Rent

      Flex space with storage and office in Southern Maryland.
      12865 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • $1,500 /Mo

      Private Office Space in Lusby

      Main level office suite with private bathroom near Solomons Island.
      12865 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • Contact for pricing
      4,184 SF

      Retail Space in Lusby Commons

      Neighborhood shopping center anchored by Giant Food Stores.
      11767 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • Contact for pricing

      High-Visibility Pad Site Available

      3.67-acre pad site near shopping centers, drive-thru permitted.
      11735 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • Contact for pricing
      1,353 SF

      Retail Space in Lusby Commons

      Retail space available in neighborhood shopping center anchored by Giant.
      11739 Hg Trueman Rd, Lusby, MD 20657
      View Details
    • Contact for pricing

      Lusby Retail Space Available

      Retail space for rent in Lusby, Maryland.
      236 Town Square Dr, Lusby, MD 20657
      View Details
    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.
    10290 Hg Trueman Rd
    Lusby, MD 20657
    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.