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Property profile & analytics
OFF-MARKET
Estimated value
$7,730,000
Warehouses
25850 Pt Lookout Rd, Leonardtown, MD 20650-2040
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1962588
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
59,600 SF
Lot
5.58 ac (243,108 SF)
Zoning code
PUD-M
APN
03-180091
UPID
US40-1962588
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
-
iStorage Self Storage Storage Facility
-
iStorage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.80M
Comparable Approach
Comparable
$6.08M
Blend (final)
Blend
$7.73M
Owner & transaction history
Nsa Property Holdings LLC · 4 yrs held
Nsa Property Holdings LLC
since 2021
Last sale
$7.7M
2 recorded transactions
Zoning & alternative use
PUD-M · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,445,000
6.5%
$7,795,000
7%
$7,240,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,685,000
Current use
INDUSTRIAL (GENERAL)
$7,055,000
Change: -19% · Conversion: Easy
OFFICE BUILDING
$6,950,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$7.73M
Range $6.96M – $8.50M · ±10% · vs last sale $7.70M (Aug 25 2021)
Last sale anchor
$7.70M
Aug 25 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
$130 / 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
$97,565
Tax year 2023
Assessed value
$8,580,200
Assessed 2023
Previous assessed
$8,532,100
+0.6% YoY
Effective rate
1.14%
On assessed value
Land market value
$707,700
Improvement market value
$7,968,700
Total market value
$8,676,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
2
Total area
59,600 SF
Lot
5.58 ac (243,108 SF)
Zoning code
PUD-M
APN
03-180091
UPID
US40-1962588
Jurisdiction
ST MARY'S
Zoning & alternative use
PUD-M · Leonardtown, MD
Zoning PUD-M · permitted uses
PUD-M · 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 Current
Est. value
$8.7M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
OFFICE BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE Current
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
2021
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
2
Lot
5.58 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8400 E PRENTICE AVE, GREENWOOD VILLAGE, CO 80111-2912
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$7,700,000
Nsa Property Holdings LLC
Leonardtown Self Storage LLC
Special Warranty Deed
—
Apr 3, 2019
—
Leonardtown Self Storage LLC
Calvert LLC
Grant Deed
—
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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