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Property profile & analytics
FOR LEASE
Commercial land
10970 Berry Rd, Waldorf, MD 20603
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0917603
For Lease
$10,315,000
10970 Berry Rd, Waldorf, MD 20603
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1931
Total area
1,352 SF
Lot
55.94 ac (2,436,921 SF)
Zoning code
BP
APN
06-037704
UPID
US40-0917603
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.32M
Owner & transaction history
Berry Pointe LLC · 2 yrs held
Berry Pointe LLC
since 2023
Last sale
$9.0M
3 recorded transactions
Zoning & alternative use
BP · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waldorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldorf submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,695,000
ML approach
$11,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.32M
Range $9.28M – $11.35M · ±10% · vs last sale $9.01M (Sep 25 2023)
Last sale anchor
$9.01M
Sep 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$7,629 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,033
Tax year 2023
Assessed value
$1,361,400
Assessed 2023
Previous assessed
$1,361,400
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,361,400
Land market value
$1,361,400
Total market value
$1,361,400
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1931
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,352 SF
Lot
55.94 ac (2,436,921 SF)
Zoning code
BP
APN
06-037704
UPID
US40-0917603
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
BP · Waldorf, MD
Zoning BP · permitted uses
BP · Waldorf, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldorf. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1931
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
55.94 ac
Current owner
From public records · entity-resolved
Berry Pointe LLC
Entity
Mailing address
2560 LORD BALTIMORE DR, BALTIMORE, MD 21244-2677
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
$9,012,588
Berry Pointe LLC
Janearl LLC
Special Warranty Deed
$10,186,513 · Arcola Tech 1 LLC
Nov 24, 2004
—
Jan Earl LLC
Hamilton,earl JR
Grant Deed
related
—
—
—
Janearl LLC
—
Deed Of Trust
related
$2,950,000 · Levin 228 Business Center LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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