Property profile

22665 Van Wert Ln Leonardtown, MD 20650

OFF-MARKET
Investment properties
Property ID
US40-0924510
9,000 SF 0.62 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.62-acre parcel of land presents a unique opportunity for industrial development in the desirable Leonardtown, Maryland market. Located at 22665 Van Wert Lane, this property offers significant potential for a variety of industrial uses, subject to local zoning regulations. The expansive lot provides ample space for construction, allowing for flexibility in design and functionality. Its strategic location within Leonardtown offers convenient access to major transportation routes, facilitating efficient logistics and distribution. The address, 22665 Van Wert Lane, ensures easy identification and accessibility for potential tenants or businesses. This property is an ideal investment for developers seeking a prime location to build a new industrial facility or expand existing operations. The absence of existing structures allows for complete customization to meet specific needs and requirements. Given the scarcity of available industrial land in this area, this offering represents a rare and valuable opportunity for those seeking a foothold in the thriving Leonardtown industrial sector. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. Further details regarding zoning and permitted uses can be obtained through the appropriate local government channels. The property is being offered as-is.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,000 SF
Lot 0.62 ac (26,827 SF)
Zoning code C-H
APN 03-011690
UPID US40-0924510

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Auto Repair Shop
  • Department Store

Location

22665 Van Wert Ln Leonardtown, MD 20650-4744
Leonardtown metro Census 875400 CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$684k
Blend (final) Blend
$610k

Owner & transaction history

since 2021
Last sale
$4,894
4 recorded transactions
2021
$4,894
2021
Price N/A
2017
Price N/A
2009
$500,000

Zoning & alternative use

C-H · Leonardtown, MD
Zoning description

nts. § 155-28 Standards for site planning and building design. Article VI C-O Commercial Office District § 155-29 Permitted uses. § 155-30 Special exception uses. § 155-31 Height, bulk and area requirements. Article VII…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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