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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Medical Office Space
23140 Moakley St, Leonardtown, MD 20650-2930
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2181957
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,582 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C-O
APN
03-047857
UPID
US40-2181957
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
-
Hersey Linda C Physician
-
Breton Bay Dentistry - Dr. Ramellini, Leonardtown, MD Dental Office
-
Mohammad Al-Jundi, MD Physician
-
Juambeltz Jose DDS Dental Office
-
Anderson Jacqueline Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Moakley NA Landholdings LLC · 5 yrs held
Moakley NA Landholdings LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C-O · Leonardtown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.3M
+207.2%
Industrial (general)
$1.8M
+149.5%
Office building
$1.8M
+145.8%
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%
$3,635,000
6.5%
$3,355,000
7%
$3,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,270,000
Change: +207% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,845,000
Change: +150% · Conversion: Difficult
OFFICE BUILDING
$1,815,000
Change: +146% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $2.78M (Jan 5 2021)
Last sale anchor
$2.78M
Jan 5 2021
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
$191 / 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
$25,587
Tax year 2023
Assessed value
$2,250,167
Assessed 2023
Previous assessed
$2,041,600
+10.2% YoY
Effective rate
1.14%
On assessed value
Land market value
$242,800
Improvement market value
$2,424,500
Total market value
$2,667,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
15,582 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C-O
APN
03-047857
UPID
US40-2181957
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Moakley NA Landholdings LLC
Entity
Mailing address
41710 DOS SANTOS WAY, MECHANICSVILLE, MD 20659-3731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2021
$2,775,000
Moakley NA Landholdings LLC
Millennium Partners Lllp
Grant Deed
—
Jan 23, 2013
—
Millennium Partners Lllp
Hale E Cole SR.
Deed
—
Apr 29, 2008
$1,329,000
Gate Dancer Property LLC
Gate Dancer Assocs LLC
Grant Deed
related
—
Apr 29, 1999
$350,000
Issam F El-damalouji
Crum Robert S
Trustees Deed
related
$400,000 · Calvert Bk
—
—
Millennium Partners Lllp
—
Deed Of Trust
related
$500,000 · Cedar Point FCU
—
—
Millennium Partners LLP
—
Deed Of Trust
related
$3,320,000 · Cedar Point FCU
—
—
Millennium Partners Lllp
—
Deed Of Trust
related
—
—
—
Millennium Partners Lllp
—
Deed Of Trust
related
$3,100,000 · Cedar Point FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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