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    Property profile & analytics

    91 Smallwood Dr Waldorf, MD 20602-2884

    • Drive through restaurants
    • 1,974 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1385519
    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

    • Taco Bell / Restaurant / Take-out & Catering
    • BDR Glass THE GLASS MAN / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 91 Smallwood Dr

    Year built
    1993
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    1,974 SF
    Zone code
    PUD
    Property type
    Drive through restaurants
    APN
    06-226019
    APU
    6226019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $836,000
      Market price range: $192k - $836k
      AI Estimate
      $610,000
      Market price range: $137k - $611k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $555,000
      Current use
      COMMERCIAL (GENERAL)
      $995,000
      Change: +80% Conversion: Easy
      OFFICE BUILDING
      $665,000
      Change: +20% Conversion: Moderate
      WAREHOUSE, STORAGE
      $510,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waldorf
    County
    Charles
    State
    Maryland
    Longitude
    -76.925
    Latitude
    38.6107
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    $15,294
    $0.00
    $0.00
    $1,132,033
    -
    $635,100
    $559,300
    $1,194,400

    Comparable in this City

    • Value Estimation
      $515,000
      2,100 SF

      11055 Billingsley Rd

      AUTO REPAIR, GARAGE • 2,100 SF
      11055 Billingsley Rd, Waldorf, MD 20602-3455
      View Details
    • Value Estimation by Request
      1,100 SF

      11790 Pika Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      11790 Pika Dr, Waldorf, MD 20602-2777
      View Details
    • Value Estimation
      $1,290,000
      5,862 SF

      92 Smallwood Dr

      VEHICLE SALES, RENTALS • 5,862 SF
      92 Smallwood Dr, Waldorf, MD 20602-3805
      View Details
    • Value Estimation by Request
      27,827 SF

      90 Post Ofc Rd

      GYM, HEALTH SPA • 27,827 SF
      90 Post Ofc Rd, Waldorf, MD 20602-2709
      View Details
    • Value Estimation by Request

      12399 Poons Marketplace

      Retail properties
      12399 Poons Marketplace, Waldorf, MD 20602
      View Details
    • Value Estimation by Request
      15,672 SF

      Leonardtown Rd

      SHOPPING CENTER, STRIP CENTER • 15,672 SF
      Leonardtown Rd, Waldorf, MD 20602
      View Details

    Similar Nearby for Sale

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      6,187 SF

      Carrabba's Italian Grill, MD

      High-yield NNN lease, strong tenant
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    • $399,900
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      Prime Retail Pad Site Available

      2.46 acre commercial land in Waldorf, MD for sale.
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      Waldorf Specialty Property For Sale

      Specialty property available for purchase in Waldorf, Maryland.
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      Industrial Land: Waldorf, MD

      10.77 Acres, $2.5M, Heavy Industrial
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      Waldorf Specialty Property For Sale

      Specialty property available for purchase in Waldorf, Maryland.
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    Similar Nearby for Lease

    • $6,050 /Mo

      Flex Space with Storefront

      6,630 SF flex space with storefront and warehouse.
      3273 Old Washington Rd #A&B, Waldorf, MD 20602
      View Details
    • $1,950 /Mo

      Warehouse Space with Office

      1700 SF warehouse with office, ready for occupancy.
      28 Industrial Park Dr, Waldorf, MD 20602
      View Details
    • $18 SF/Yr
      113,256 SF

      WALDORF Flex/Retail Space Available

      1,265 SF flex/retail space for lease in Waldorf, MD.
      11668 Billingsley Rd, Waldorf, MD 20602
      View Details
    • Contact for pricing
      38,120 SF

      Retail Space in Waldorf Heart

      38,120 SF retail space in central Waldorf location.
      3250 Old Washington Rd, Waldorf, MD 20602
      View Details
    • New
      $20 SF/Yr
      1,742 SF

      Medical Office in Waldorf, MD

      Medical office condominium in Cambridge Professional Center, Waldorf, Maryland.
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    • $15 SF/Yr
      10,000 SF

      Industrial Space For Lease

      Industrial property available for lease at $15.00 per square foot.
      23 Henry Ford Cir, Waldorf, MD 20602
      View Details
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    91 Smallwood Dr
    Waldorf, MD 20602-2884
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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