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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
22675 Washington St, Leonardtown, MD 20650-3848
Entity Owned
~
Est. High Equity
Property ID
US40-0684654
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,350 SF
Lot
1.5 ac (65,209 SF)
Zoning code
C-G
APN
03-002217
UPID
US40-0684654
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
Current use
Occupant on record · Public records
-
Leonardtown Chevrolet Buick GMC Car Dealership
-
Marie & Nash (Bike/Boat/Book/etc) Store
-
Town Market LLC Specialty Food Shop Farmer's Market
-
Gibson Steel & Powder Coating LLC Powder Coating Service
-
Flour Donuts & Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$885k
Owner & transaction history
Gibson Family LLC
Gibson Family LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-G · Leonardtown, 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 Leonardtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leonardtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$165 / 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
$9,320
Tax year 2023
Assessed value
$819,600
Assessed 2023
Previous assessed
$819,600
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$251,200
Assessed improvement
$568,400
Land market value
$251,200
Improvement market value
$568,400
Total market value
$819,600
Applied tax rate
100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
3
Total area
5,350 SF
Lot
1.5 ac (65,209 SF)
Zoning code
C-G
APN
03-002217
UPID
US40-0684654
Jurisdiction
ST MARY'S
Zoning & alternative use
C-G · Leonardtown, MD
Zoning C-G · permitted uses
C-G · Leonardtown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leonardtown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
2
Units
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
Gibson Family LLC
Entity
Mailing address
PO BOX 145, LEONARDTOWN, MD 20650-0145
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$4,000,000
Gibson Family LLC
Bell Family LLC
Deed
$3,461,726 · Bell Family LLC
Apr 11, 2022
—
Bell Family LLC
The Commissioners Of Leonardtown
Quit Claim Deed
related
—
Apr 7, 2022
—
Bell Family LLC
Dorothy G Bell
Intrafamily Transfer
related
—
Jan 30, 2019
$875,000
Bell Family INC
Bell Motor Co INC
Grant Deed
—
Jan 30, 2019
—
Bell Family LLC
Bell Family LLP
Correction Deed
related
—
Jun 1, 2005
—
Bell Family Ptshp LLP
Bell,dorothy G
Quit Claim Deed
related
—
—
—
Bell Family Ptshp LLP
—
Deed Of Trust
related
—
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.
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