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Property profile & analytics
OFF-MARKET
Warehouses
23285 Pt Lookout Rd, Leonardtown, MD 20650-6105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0096743
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
1,500 SF
Lot
33.66 ac (1,466,230 SF)
Zoning code
RPD
APN
03-004074
UPID
US40-0096743
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
-
La Grande RV Park Rentals Campground & RV Park
-
Gibson's HVAC SERVICES Big Box & Wholesale Store Building Supply
-
Halseys Automotive LLC Auto Repair Shop
-
Alice's Funko pops deluxe (Bike/Boat/Book/etc) Store
-
C& Sons Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Point Lookout Investment LLC · 4 yrs held
Point Lookout Investment LLC
since 2021
6 recorded transactions
Zoning & alternative use
RPD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,339
Tax year 2023
Assessed value
$1,791,500
Assessed 2023
Previous assessed
$1,791,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Land market value
$624,400
Improvement market value
$1,229,100
Total market value
$1,853,500
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
4
Stories
1
Units
64
Bathrooms
4
Total area
1,500 SF
Lot
33.66 ac (1,466,230 SF)
Zoning code
RPD
APN
03-004074
UPID
US40-0096743
Jurisdiction
ST MARY'S
Zoning & alternative use
RPD · Leonardtown, MD
Zoning RPD · permitted uses
RPD · 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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
4
Units
64
Bathrooms
4
Lot
33.66 ac
Current owner
From public records · entity-resolved
Point Lookout Investment LLC
Entity
Mailing address
PO BOX 1307, LEONARDTOWN, MD 20650-1307
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Point Lookout Investment LLC
Steven G Valentine
Deed
—
Oct 15, 2019
$1,050,000
Steven G Valentine
23285 Point Lookout Road LLC
Grant Deed
$350,000 · 23285 Point Lookout Road LLC
Feb 6, 2018
—
23285 Point Lookout Road LLC
—
Deed
related
$551,047 · Cedar Point FCU
Jan 5, 2017
—
23285 Point Lookout Road LLC
—
Deed
related
$602,395 · Pnc Bank NA
Jul 7, 2006
$1,300,000
23285 Point Lookout Road LLC
Smith,edward A & Kathleen F
Grant Deed
$910,000 · Mercantile Southern Md Bank
—
—
Edward A Smith
—
Deed Of Trust
related
$100,000 · First National Bank St Marys
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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