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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
3601 Leonardtown Rd, Waldorf, MD 20601-3626
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1546677
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
2,502 SF
Lot
0.46 ac (20,037 SF)
Zoning code
CB
APN
06-032532
UPID
US40-1546677
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
-
Ivan Dental Dental Office
-
Arc of Southern Maryland Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$610k
Owner & transaction history
Waldorf Leonardtown Developers LLC · 1 yrs held
Waldorf Leonardtown Developers LLC
since 2024
7 recorded transactions
Zoning & alternative use
CB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$755,000
Current use
WAREHOUSE, STORAGE
$645,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$244 / 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
$5,099
Tax year 2023
Assessed value
$362,367
Assessed 2023
Previous assessed
$362,367
+0.0% YoY
Effective rate
1.41%
On assessed value
Land market value
$252,000
Improvement market value
$130,800
Total market value
$382,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,502 SF
Lot
0.46 ac (20,037 SF)
Zoning code
CB
APN
06-032532
UPID
US40-1546677
Jurisdiction
CHARLES
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CB · Waldorf, MD
Zoning CB · permitted uses
CB · 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 Current
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$645,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Waldorf Leonardtown Developers LLC
Entity
Mailing address
5620 LINDA LN, CAMP SPRINGS, MD 20748-2327
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
$1,475,000
Waldorf Leonardtown Developers LLC
Patchwork Office Park LLC
Deed
$1,032,500 · Community Bank NA
May 16, 2022
—
Patchwork Office Park LLC
Joseph E Horak
Deed
—
May 11, 2022
—
Joseph E Horak
3601 Leonardtown LLC
Deed
—
May 5, 2022
—
Patchwork Office Park LLC
—
Deed
related
$587,000 · Virginia Partners Bank
Aug 5, 2021
—
Patchwork Office Park LLC
—
Deed
related
$2,020,000 · Virginia Partners Bank
Mar 30, 2015
$6,000,000
3601 Leonardtown LLC
Tifford John I
Grant Deed
$600,000 · Community Bk/chesapeake
—
—
John I Tifford
—
Deed Of Trust
related
$300,000 · Fay Kevin P (te)
—
—
John I Tifford
—
Deed Of Trust
related
$100,000 · Fay Kevin P Trust (pt)
—
—
John I Tifford
—
Deed Of Trust
related
$150,000 · Kevin P Fay
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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