Property profile

40865 Merchants Ln Leonardtown, MD 20650

OFF-MARKET
Medical Office Space
Property ID
US40-1404523
7,656 SF 1 ac lot Built 1994
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,656 SF
Lot 1 ac (43,560 SF)
Zoning code C-H
APN 03-054799
UPID US40-1404523

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Medical Clinic

Location

40865 Merchants Ln Leonardtown, MD 20650-3769
Leonardtown metro Census 875400 CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.71M
CAP Approach CAP
$1.65M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M

Owner & transaction history

since 2023
Last sale
$2.0M
6 recorded transactions
2023
$2.0M
2023
Price N/A
2022
Price N/A
2021
$1.0M
2020
Price N/A
2008
Price N/A

Zoning & alternative use

C-H · Leonardtown, MD
Zoning description

nts. § 155-28 Standards for site planning and building design. Article VI C-O Commercial Office District § 155-29 Permitted uses. § 155-30 Special exception uses. § 155-31 Height, bulk and area requirements. Article VII…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $1.1M +207.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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