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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Office Spaces
23000 Moakley St 2A, Leonardtown, MD 20650-2915
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0888203
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
1,490 SF
Lot
0.03 ac (1,490 SF)
Zoning code
C-O
APN
03-049604
UPID
US40-0888203
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
-
Sonder Massage and Esthetics Alternative Medicine Practice Spa & Massage Center
-
Siddall Lisa J Physician
-
Elizabeth G. Forrest, MD Physician
-
Dr. Mark H. Henderson Jr, MD Physician
-
Peter Johnston, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
23000 Moakley Street LLC · 4 yrs held
23000 Moakley Street LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
C-O · 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Oct 29 2024)
Last sale anchor
$3.80M
Oct 29 2024
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
$2,550 / 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
$3,116
Tax year 2023
Assessed value
$274,033
Assessed 2023
Previous assessed
$265,200
+3.3% YoY
Effective rate
1.14%
On assessed value
Land market value
$102,000
Improvement market value
$189,700
Total market value
$291,700
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Units
1
Total area
1,490 SF
Lot
0.03 ac (1,490 SF)
Zoning code
C-O
APN
03-049604
UPID
US40-0888203
Jurisdiction
ST MARY'S
Zoning & alternative use
C-O · Leonardtown, MD
Zoning C-O · permitted uses
C-O · 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
Heating
NONE
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
23000 Moakley Street LLC
Entity
Mailing address
PO BOX 1587, WHITE PLAINS, MD 20695-1587
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$3,800,000
23000 Moakley Street LLC
Kac Serendipity LLC
Deed
$3,040,000 · Bank
Dec 31, 2018
—
Kac Serendipity LLC
Cox Family Properties LLC
Quit Claim Deed
—
Jun 10, 2002
—
Cox Family Properties LLC
Cox,lloyd G & Sharon L
Quit Claim Deed
related
—
—
—
Cox Family Properties LLC
—
Deed Of Trust
related
$150,000 · Community Bk/chesapeake
—
—
Cox Family Properties LLC
—
Deed Of Trust
related
$110,000 · Community Bk/chesapeake
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
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