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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Warehouses
24 Irongate Dr, Waldorf, MD 20602-2705
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0831960
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
5,000 SF
Lot
2 ac (87,120 SF)
Zoning code
PUD
APN
06-134785
UPID
US40-0831960
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.25M
Owner & transaction history
Liberty Holding Group LLC · 6 yrs held
Liberty Holding Group LLC
since 2020
Last sale
$940,000
1 recorded transaction
Zoning & alternative use
PUD · Waldorf, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+30.3%
Restaurant
$1.4M
+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
$1,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,295,000
Current use
OFFICE BUILDING
$1,685,000
Change: +30% · Conversion: Difficult
RESTAURANT
$1,405,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $940k (Apr 23 2020)
Last sale anchor
$940k
Apr 23 2020
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
$249 / 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
$11,989
Tax year 2023
Assessed value
$882,500
Assessed 2023
Previous assessed
$882,500
+0.0% YoY
Effective rate
1.36%
On assessed value
Land market value
$411,600
Improvement market value
$506,300
Total market value
$917,900
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
1984
Construction
STEEL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
5,000 SF
Lot
2 ac (87,120 SF)
Zoning code
PUD
APN
06-134785
UPID
US40-0831960
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
$1.3M
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
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
1984
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
2
Lot
2 ac
Current owner
From public records · entity-resolved
Liberty Holding Group LLC
Entity
Mailing address
24 IRONGATE DR, WALDORF, MD 20602-2705
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
$940,000
Liberty Holding Group LLC
T S Realty Company
Deed
$750,000 · Wesbanco Bank INC
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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