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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Investment properties
25450 Pt Lookout Rd Leonardtown, MD 20650-3808
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2246666
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
WOOD
Total area
7,800 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C-G
APN
03-020223
UPID
US40-2246666
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
-
Balenger Total Health and Fitness Gym & Fitness Center
-
MJ Luxe Medi Spa Spa & Massage Center Alternative Medicine Practice
-
Yazdan Family Dentistry- Dr. John Yazdan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$945k
Owner & transaction history
Mj Luxe Properties LLC · 5 yrs held
Mj Luxe Properties LLC
since 2021
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
C-G · Leonardtown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+39.6%
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 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
$670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$945,000
Current use
RETAIL STORES
$1,320,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $1.23M (Apr 28 2021)
Last sale anchor
$1.23M
Apr 28 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
$121 / 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
$10,073
Tax year 2023
Assessed value
$832,867
Assessed 2023
Previous assessed
$658,900
+26.4% YoY
Effective rate
1.21%
On assessed value
Land market value
$206,500
Improvement market value
$974,300
Total market value
$1,180,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
3
Total area
7,800 SF
Lot
0.39 ac (16,988 SF)
Zoning code
C-G
APN
03-020223
UPID
US40-2246666
Jurisdiction
ST MARY'S
Zoning & alternative use
C-G · Leonardtown, MD
Zoning C-G · permitted uses
C-G · 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
COMMERCIAL (GENERAL) Current
Est. value
$945,000
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
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
2004
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Mj Luxe Properties LLC
Entity
Mailing address
42975 HERITAGE DR, LEONARDTOWN, MD 20650-5130
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
Apr 28, 2021
$1,225,000
Mj Luxe Properties LLC
Davis Office Park III LLC
Deed
$980,000 · Virginia Partners Bank
Feb 5, 2004
$210,000
Davis Office Park III LLC
Pt Lookout Assoc LP
Grant Deed
—
Dec 15, 2000
—
Pt Lookout Associates LP
Pierce,patrick H
Grant Deed
related
—
Jul 6, 2000
$240,000
Patrick H Pierce
Karsh,jerome
Trustees Deed
—
—
—
Davis Office Park III LLC
—
Deed Of Trust
related
$1,000,000 · Mercantile Southern Md Bank
—
—
Davis Office Park III LLC
—
Deed Of Trust
related
$1,000,000 · Mercantile Southern Md 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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