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    Property profile & analytics

    40845 Merchants Ln Leonardtown, MD 20650-3767

    • Grocery and convenience stores
    • 43,646 SF
    • 14.81 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-2310091
    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

    • Edward Clark / Ophthalmologist
    • Earthwise Pet Leonardtown / Pet Supply Store
    • Shops At Breton Bay / Shopping Mall
    • SHOPPERS Leonardtown / Grocery Store
    • UPS Authorized Shipping Provider / Shipping And Mailing Service / Mailing Service

    Property Details for 40845 Merchants Ln

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.81 lot acres
    Property size
    43,646 SF
    Zone code
    CH
    Property type
    Grocery and convenience stores
    APN
    03-023168
    APU
    3023168

    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
    -76.6641
    Latitude
    38.3072
    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
    $54,731
    $1,067,100
    $3,746,700
    $4,813,800
    -
    $1,067,100
    $3,746,700
    $4,813,800

    Comparable in this City

    • Value Estimation by Request
      2,625 SF

      26065 Pt Lookout Rd

      CONVENIENCE STORE • 2,625 SF
      26065 Pt Lookout Rd, Leonardtown, MD 20650
      View Details
    • Value Estimation
      $390,000
      13,002 SF

      22725 Duke St

      GROCERY, SUPERMARKET • 13,002 SF
      22725 Duke St, Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      4,782 SF

      23936 Pt Lookout Rd

      CONVENIENCE STORE • 4,782 SF
      23936 Pt Lookout Rd, Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      2,629 SF

      25965 Pt Lookout Rd

      CONVENIENCE STORE • 2,629 SF
      25965 Pt Lookout Rd, Leonardtown, MD 20650-2005
      View Details
    • Value Estimation
      $4,945,000
      2,761 SF

      25355 Pt Lookout Rd

      CONVENIENCE STORE • 2,761 SF
      25355 Pt Lookout Rd, Leonardtown, MD 20650
      View Details
    • Value Estimation by Request
      3,150 SF

      41675 Park Ave

      GROCERY, SUPERMARKET • 3,150 SF
      41675 Park Ave, Leonardtown, MD 20650-3894
      View Details

    Similar Nearby for Sale

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      Specialty Property for Sale

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    Property Visit Statistics

    • Visits by month
      22.0k
    • Visitors by month
      15.7k
    • Avg Time on site
      24 min
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    40845 Merchants Ln
    Leonardtown, MD 20650-3767
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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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