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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Warehouses
24 Industrial Park Dr, Waldorf, MD 20602-2764
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1415084
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
7,500 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PUD
APN
06-101941
UPID
US40-1415084
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
-
Reedeming Love Ministries Church Mosque
-
Ntensity Cheer Gym & Fitness Center
-
FCF Sports Performance Gym & Fitness Center
-
Health Pro Crisis Center Medical Clinic
-
Redeemed Christian Worship Center Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Waldorf Industrial Associates LLC · 1 yrs held
Waldorf Industrial Associates LLC
since 2025
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
PUD · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+30.3%
Restaurant
$2.1M
+8.6%
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 Waldorf submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldorf 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
$1,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,940,000
Current use
OFFICE BUILDING
$2,525,000
Change: +30% · Conversion: Difficult
RESTAURANT
$2,105,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,630,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.65M (Nov 12 2021)
Last sale anchor
$1.65M
Nov 12 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
$213 / 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
$21,041
Tax year 2023
Assessed value
$1,565,867
Assessed 2023
Previous assessed
$1,565,867
+0.0% YoY
Effective rate
1.34%
On assessed value
Land market value
$307,300
Improvement market value
$1,350,300
Total market value
$1,657,600
Applied tax rate
6.0000
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Units
2
Total area
7,500 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PUD
APN
06-101941
UPID
US40-1415084
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PUD · Waldorf, MD
Zoning PUD · permitted uses
PUD · Waldorf, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldorf. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Units
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Waldorf Industrial Associates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5335 WISCONSIN AVE NW STE #700, WASHINGTON, DC 20015-2056
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
$1,896,000
Waldorf Industrial Associates LLC
Ccip1 Limited Liability Company
Special Warranty Deed
—
Nov 12, 2021
$1,650,000
Ccip1 Limited Liability Company
Sky Unlimited
Deed
$1,155,000 · Sandy Spring Bank
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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