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    For Sale (10)

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    Ready-to-Build 18-Acre Wooded Lot
    $289,900
    18.01 Acres

    Ready-to-Build 18-Acre Wooded Lot

    18-acre lot ready for your dream home near DC.

    12509 Stottlemyer Rd, Myersville, MD 21773
    View details
    Martinsburg Land with Rental Income
    $950,000
    4.56 Acres

    Martinsburg Land with Rental Income

    4.56 acre lot with rental income in Martinsburg, WV.

    310 N Raleigh St, Martinsburg, WV 25401
    View details
    Commercial Suites in Urbana
    $2,500,000

    Commercial Suites in Urbana

    Professional business and retail suites with high visibility and accessibility.

    3535 Urbana Pike, Frederick, MD 21704
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    Residential Lots in Frederick, MD
    $2,200,000
    1.54 Acres

    Residential Lots in Frederick, MD

    Eleven single-family residential lots available for sale.

    750 Carroll Pkwy, Frederick, MD 21701
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    Residential Land in Keedysville, MD
    $65,000
    0.36 Acres

    Residential Land in Keedysville, MD

    Vacant land suitable for residential building with utilities available.

    3809 Chestnut Grove Rd, Keedysville, MD 21756
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    Cash-Flowing Multi-Unit Property
    $699,000
    6,006 SF

    Cash-Flowing Multi-Unit Property

    Multi-unit property with retail space and residential units.

    5 N Conococheague St, Williamsport, MD 21795
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    Garden-Level Unit in 55+ Community
    $222,750

    Garden-Level Unit in 55+ Community

    Garden-level condo in 55+ community near shopping and restaurants.

    2003 Rudy Serra Dr, Eldersburg, MD 21784
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    Versatile Commercial Building Near Interstates
    $1,800,000

    Versatile Commercial Building Near Interstates

    6,000 sq ft commercial building suitable for industrial or flex uses.

    4603 Wedgewood Blvd, Frederick, MD 21703
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    Commercial Land with Rental Income
    $950,000

    Commercial Land with Rental Income

    Commercial land for sale with existing rental income.

    310 N Raleigh St, Martinsburg, WV 25401
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    Five-Unit Multi-Building Investment Opportunity
    $550,000

    Five-Unit Multi-Building Investment Opportunity

    Fully rented, cash-flowing five-unit multi-building with value-add potential.

    1301 Virginia Ave, Hagerstown, MD 21740
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    For Lease (2)

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    Urbana Pike Retail/Office Space
    $5,935 / Mo
    19,602 SF

    Urbana Pike Retail/Office Space

    Retail and office suites available for lease in Frederick, MD.

    3535 Urbana Pike, Frederick, MD 21704
    View details
    Urbana Pike Retail/Office Space
    $3,875 / Mo
    19,602 SF

    Urbana Pike Retail/Office Space

    Professional suites off 355 in Urbana, available in 2023.

    3535 Urbana Pike, Frederick, MD 21704
    View details

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    Keller Williams Realty Centre
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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
    Keller Williams Realty Centre
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