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    Property profile & analytics

    40824 Merchants Ln Leonardtown, MD 20650-3772

    • Drive through restaurants
    • 3,390 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1400140
    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.

    Current Use by Public Records

    • Arby's / American Restaurant / Deli

    Property Details for 40824 Merchants Ln

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    3,390 SF
    Zone code
    C
    Property type
    Drive through restaurants
    APN
    03-064476
    APU
    3064476

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leonardtown
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.6631
    Latitude
    38.3079
    CBSA code
    15680
    CBSA name
    CALIFORNIA-LEXINGTON PARK, MD 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
    $8,242
    $0.00
    $0.00
    $724,800
    -
    $230,500
    $924,700
    $1,155,200

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      Leonardtown, MD 20650

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,920 SF
      Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      6,060 SF

      40950 Merchants Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,060 SF
      40950 Merchants Ln, Leonardtown, MD 20650-3700
      View Details
    • Value Estimation by Request
      2,640 SF

      26045 Pt Lookout Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,640 SF
      26045 Pt Lookout Rd, Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      1,859 SF

      22845 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,859 SF
      22845 Washington St, Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      2,304 SF

      40804 Merchants Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,304 SF
      40804 Merchants Ln, Leonardtown, MD 20650-3772
      View Details
    • Value Estimation by Request
      1,724 SF

      41565 Park Ave

      RESTAURANT • 1,724 SF
      41565 Park Ave, Leonardtown, MD 20650
      View Details

    Similar Nearby for Sale

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      Mulberry Fields Road Land Opportunity

      Land available on Mulberry Fields Road, Leonardtown, MD.
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    • $580,000

      Specialty Property for Sale

      Specialty property available for purchase.
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    Similar Nearby for Lease

    • $2,950 /Mo
      42,253 SF

      Leonardtown Office/Medical Space For Lease

      Office/medical space in high-traffic area near Leonardtown Shopping Center.
      40855 Merchants Ln, Leonardtown, MD 20650
      View Details
    • $15 SF/Yr

      Industrial Property for Lease

      Industrial property available for lease in Leonardtown, Maryland.
      22665 Van Wert Ln, Leonardtown, MD 20650
      View Details

    Property Visit Statistics

    • Visits by month
      12.1k
    • Visitors by month
      10.1k
    • Avg Time on site
      18 min
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    40824 Merchants Ln
    Leonardtown, MD 20650-3772
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    Realmo Value Estimation

    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.

    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.

    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
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