Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2874 Old Washington Rd Waldorf, MD 20601-3175

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2874 Old Washington Rd Waldorf, MD 20601-3175

    View on Map
    • Outlet malls
    • 6,800 SF
    • 1.04 lot acres
    Off-Market
    Last Sale Mar 3, 2021
    $575,000
    Property ID
    US40-1441433
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cabinet Era Waldorf - Wholesale Cabinets and Vanities / Hardware & Home Improvement / Furniture & Home Goods

    Property Details for 2874 Old Washington Rd

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.04 lot acres
    Property size
    6,800 SF
    Zone code
    AUC
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    06-167357
    APU
    6167357

    Description

    This exceptional free-standing retail/flex building presents a unique investment opportunity in Waldorf, Maryland. Located at 2874 Old Washington Rd, this property boasts a substantial 6,600 square feet of space situated on a generous 1.04-acre lot. The building has recently undergone renovations, both interior and exterior, resulting in an attractive and updated aesthetic. The space features an appealing showroom area, perfectly complemented by ample warehouse or storage space, providing versatility for a wide range of businesses. Its highly visible location ensures excellent exposure to potential customers, enhancing its commercial viability. The property also offers the added benefit of pylon signage availability, further maximizing its marketing potential. The convenient location in Charles County, Maryland, zip code 20601, provides easy access for both employees and customers. A virtual tour is available for a comprehensive view of the property. This is an ideal opportunity for an owner-user or investor seeking a well-maintained, versatile commercial space in a thriving location. The property's size, features, and location combine to create a compelling investment prospect. Don't miss this chance to acquire a prime retail space in a desirable Maryland market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $605,000
      Market price range: $605k - $2.59M
      AI Estimate
      $431,000
      Market price range: $115k - $2.83M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waldorf
    County
    Charles
    State
    Maryland
    Longitude
    -76.901
    Latitude
    38.631
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,246
    $0.00
    $0.00
    $524,433
    -
    $279,800
    $281,200
    $561,000

    Comparable in this City

    • Value Estimation
      $8,885,000
      119,393 SF

      2525 Crain Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 119,393 SF
      2525 Crain Hwy, Waldorf, MD 20601-3169
      View Details
    • Value Estimation
      $695,000
      4,500 SF

      3255 Leonardtown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 4,500 SF
      3255 Leonardtown Rd, Waldorf, MD 20601-3614
      View Details
    • Value Estimation
      $9,525,000
      114,324 SF

      11930 Acton Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 114,324 SF
      11930 Acton Ln, Waldorf, MD 20601-3689
      View Details
    • Value Estimation
      $10,540,000
      129,023 SF

      2365 Crain Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 129,023 SF
      2365 Crain Hwy, Waldorf, MD 20601-3167
      View Details
    • Value Estimation by Request
      36,000 SF

      Central Ave

      SHOPPING CENTER, STRIP CENTER • 36,000 SF
      Central Ave, Waldorf, MD 20601
      View Details
    • Value Estimation by Request
      9,600 SF

      2795 Old Washington Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      2795 Old Washington Rd, Waldorf, MD 20601-3199
      View Details

    Similar Nearby for Sale

    • $1,850,000

      Former Auto Repair Dealership Property

      Two structures on Route 301 requiring inspection and rehabilitation.
      2235 Crain Hwy, Waldorf, MD 20601
      View Details
    • $774,950

      Versatile Waldorf Property with Parking

      Prime location with ample space and parking in Waldorf.
      3130 Leonardtown Rd, Waldorf, MD 20601
      View Details
    • $2,400,000
      2.25 Acres

      2.25 Acres Waldorf Opportunity Zone

      2.25 acres in Waldorf, MD, zoned WC.
      3040 Leonardtown Rd, Waldorf, MD 20601
      View Details
    • $2,400,000

      Prime Waldorf Redevelopment Opportunity

      2.25 acre commercial land in Waldorf Opportunity Zone.
      3040 Leonardtown Rd, Waldorf, MD 20601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space on Crain Highway

      Retail space in Waldorf, MD with high visibility.
      2056 Crain Hwy, Waldorf, MD 20601
      View Details
    • Contact for pricing
      4,437 SF

      Retail Space in Waldorf, MD

      Retail spaces available at a busy intersection in Waldorf.
      Festival Way, Waldorf, MD 20601
      View Details
    • Contact for pricing
      5,751 SF

      Retail Space in Waldorf, MD

      Retail spaces available at a busy intersection in Waldorf.
      3022-3068 Festival Way, Waldorf, MD 20601
      View Details
    • Contact for pricing
      1,794 SF

      Retail Space in Waldorf Mall

      Retail spaces available in a busy Waldorf shopping center.
      2916-2928 Festival Way, Waldorf, MD 20601
      View Details
    • Contact for pricing
      13,750 SF

      Crain Hwy Retail Space Available

      Retail space for lease with high traffic and ample parking.
      2443 Crain Hwy, Waldorf, MD 20601
      View Details
    • Contact for pricing
      1,307 SF

      Retail Space in Waldorf, MD

      Retail spaces available at a busy intersection in Waldorf.
      3082-3088 Festival Way, Waldorf, MD 20601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2874 Old Washington Rd
    Waldorf, MD 20601-3175
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!