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Property profile & analytics
OFF-MARKET
Estimated value
$2,795,000
Strip malls
335 Smallwood Dr, Waldorf, MD 20602-2881
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2185917
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,928 SF
Lot
0.92 ac (40,162 SF)
Zoning code
CC
APN
06-016502
UPID
US40-2185917
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
$3.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.80M
Owner & transaction history
Waldorf Smallwood LLC · 2 yrs held
Waldorf Smallwood LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
CC · Waldorf, 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 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
$3,015,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,815,000
6.5%
$3,520,000
7%
$3,270,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,640,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,405,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$2,785,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,470,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,970,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,930,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,910,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.07M · ±10% · vs last sale $2.33M (Sep 1 2023)
Last sale anchor
$2.33M
Sep 1 2023
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
$234 / 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
$28,623
Tax year 2023
Assessed value
$2,138,300
Assessed 2023
Previous assessed
$2,138,300
+0.0% YoY
Effective rate
1.34%
On assessed value
Land market value
$335,100
Improvement market value
$1,865,600
Total market value
$2,200,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,928 SF
Lot
0.92 ac (40,162 SF)
Zoning code
CC
APN
06-016502
UPID
US40-2185917
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CC · Waldorf, MD
Zoning CC · permitted uses
CC · 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
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.8M
RESTAURANT
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Waldorf Smallwood LLC
Entity
Mailing address
14540 EDGEWOODS WAY, GLENELG, MD 21737-9608
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$2,325,000
Waldorf Smallwood LLC
Smallwood LLC
Deed
—
Apr 18, 2022
—
Smallwood LLC
—
Deed
related
$762,500 · Community Bank Of The Chesapeake
Oct 22, 2004
$2,200,000
Smallwood LLC
Carrington Center LLC
Grant Deed
—
—
—
Carrington Center LLC
—
Deed Of Trust
related
$700,000 · Bank Of Southern Maryland
—
—
Smallwood LLC
—
Deed Of Trust
related
$200,000 · Old Line Bank
—
—
Smallwood LLC
—
Deed Of Trust
related
$3,680,000 · Community Bank Of Tri-county
—
—
Carrington Cnter LLC
—
Deed Of Trust
related
$850,322 · Bank Of Southern Maryland
—
—
Smallwood LLC
—
Deed Of Trust
related
$3,920,000 · Old Line Bank
—
—
Smallwood LLC
—
Deed Of Trust
related
$184,581 · Old Line Bank
—
—
Smallwood LLC
—
Deed Of Trust
related
$184,581 · Community Bank Of Tri-county
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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