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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    155 Schooner Ln Prince Frederick, MD 20678-3424

    • Distribution centers
    • 25,740 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2022
    $9,425,018
    Value Estimations
    $9,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1064559
    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

    • Distribution centers

    Property Details for 155 Schooner Ln

    Year built
    2021
    Lot size
    1.68 lot acres
    Property size
    25,740 SF
    Zone code
    I-1
    Property type
    Distribution centers
    APN
    02-059223
    APU
    2059223

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,180,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,075,000
      Current use
      COMMERCIAL (GENERAL)
      $6,335,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $5,760,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Prince Frederick
    County
    Calvert
    State
    Maryland
    Longitude
    -76.6472
    Latitude
    38.5106
    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
    $22,069
    $0.00
    $0.00
    $2,124,033
    -
    $310,000
    $1,814,400
    $2,124,400

    Comparable in this City

    • Value Estimation
      $9,345,000
      11,250 SF

      141 Schooner Ln

      DISTRIBUTION WAREHOUSE • 11,250 SF
      141 Schooner Ln, Prince Frederick, MD 20678-3482
      View Details
    • Value Estimation
      $2,080,000
      18,000 SF

      200 Schooner Ln

      DISTRIBUTION WAREHOUSE • 18,000 SF
      200 Schooner Ln, Prince Frederick, MD 20678-3463
      View Details
    • Value Estimation
      $785,000
      6,000 SF

      75 Security Blvd

      DISTRIBUTION WAREHOUSE • 6,000 SF
      75 Security Blvd, Prince Frederick, MD 20678-3280
      View Details
    • Value Estimation
      $1,460,000
      17,760 SF

      231 Bugeye Sq, Unit 1

      DISTRIBUTION WAREHOUSE • 17,760 SF
      231 Bugeye Sq, Prince Frederick, MD 20678-3477
      View Details
    • Value Estimation by Request
      1,344 SF

      885 Main St

      COM AUTO TRANS/STORAGE • 1,344 SF
      885 Main St, Prince Frederick, MD 20678-3343
      View Details
    • Value Estimation
      $910,000
      2,796 SF

      2155 Solomons Is S Rd

      COM AUTO TRANS/STORAGE • 2,796 SF
      2155 Solomons Is S Rd, Prince Frederick, MD 20678-3348
      View Details

    Similar Nearby for Sale

    • $90,000
      3.07 Acres

      Residential Land in Central Calvert

      3.07 acre wooded parcel ideal for building a dream home.
      380 Mason Rd, Prince Frederick, MD 20678
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    • $800,000

      20-Acre Property in Calvert County

      20+- acre property off Rt. 231, Calvert County.
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      3,474 SF

      New Construction Dash In Ground Lease

      New construction Dash In with a 20-year absolute NNN ground lease.
      429 Solomons Island Rd N, Prince Frederick, MD 20678
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    • $175,000
      9.00 Acres

      Land in Prince Frederick, MD

      9 acre land parcel in Prince Frederick, Maryland.
      145 Stafford Rd, Prince Frederick, MD 20678
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Warehouse Units For Lease

      Small warehouse units with flexible layouts and convenient regional access.
      141 Schooner Ln, Prince Frederick, MD 20678
      View Details
    • Contact for pricing

      Retail/Office Space Near Medical Center

      Multi-tenant building near retail and Calvert Health Medical Center.
      815 N Prince Frederick Blvd, Prince Frederick, MD 20678
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Prince Frederick, MD.
      80 W Dares Beach Rd, Prince Frederick, MD 20678
      View Details
    • $5,590 /Mo

      Built-Out Office Building For Rent

      Two-story office building with private offices, kitchen, and elevator.
      493 Main St #101, Prince Frederick, MD 20678
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Prince Frederick

      Retail space available in market-dominant shopping center.
      529-559 Solomons Island Rd N, Prince Frederick, MD 20678
      View Details
    • $31 SF/Yr

      Office Space For Rent

      Single tenant office space available for rent.
      89 Duke St, Prince Frederick, MD 20678
      View Details
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    Prince Frederick, MD 20678-3424
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    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
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