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    For Sale (18)

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    Residential Land in Frederick, MD
    $675,000
    31.66 Acres

    Residential Land in Frederick, MD

    31.66 acres with development potential in Frederick, Maryland.

    336 Meadow Rd, Frederick, MD 21701
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    Colonial Duplex in Hagerstown, MD
    $450,000
    1,624 SF

    Colonial Duplex in Hagerstown, MD

    Charming, well-maintained Colonial duplex in a convenient Hagerstown location.

    836 Hamilton Blvd, Hagerstown, MD 21742
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    Colonial Duplex in Hagerstown, MD
    $450,000
    1,626 SF

    Colonial Duplex in Hagerstown, MD

    Charming, well-maintained Colonial duplex in a convenient Hagerstown location.

    838 Hamilton Blvd, Hagerstown, MD 21742
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    Downtown Frederick Office/Medical Space
    $789,900
    2,848 SF

    Downtown Frederick Office/Medical Space

    2,848 SF office/medical space in historic downtown Frederick.

    241 E 4Th St, Frederick, MD 21701
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    Established Meat Market on 7 Acres
    $699,000
    7.09 Acres

    Established Meat Market on 7 Acres

    Four-generation meat market with growth potential near Raystown Lake.

    2983 Cove Mountain Rd, Martinsburg, PA 16662
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    Emmitsburg Land For Sale
    $99,990
    0.40 Acres

    Emmitsburg Land For Sale

    Land available in Emmitsburg, MD, suitable for residential or commercial use.

    816 W Main St, Emmitsburg, MD 21727
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    Development Land in Clear Spring
    $850,000
    6.29 Acres

    Development Land in Clear Spring

    6.29 acres with development potential in Clear Spring, MD.

    Mulberry St, Clear Spring, MD 21722
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    Residential Land in Hedgesville, WV
    $199,900
    3.33 Acres

    Residential Land in Hedgesville, WV

    3.33 acres zoned residential with development potential near I-81.

    Potato Hill St, Hedgesville, WV 25427
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    Commercial Lot in High-Traffic Area
    $324,900
    0.46 Acres

    Commercial Lot in High-Traffic Area

    Commercial lot in Damascus with high traffic and development potential.

    26530 Ridge Rd, Damascus, MD 20872
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    Established Meat Market on Route 164
    Contact for pricing
    8,595 SF

    Established Meat Market on Route 164

    Four-generation meat market with growth potential on approximately 7 acres.

    2983 Cove Mountain Rd, Martinsburg, PA 16662
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    Frederick Industrial Suites - 8,320 SF
    Contact for pricing

    Frederick Industrial Suites - 8,320 SF

    Prime Frederick warehouse space, ideal for various businesses.

    95 Monocacy Blvd, Frederick, MD 21701
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    Established Meat Market & Land
    $999,900
    8,595 SF

    Established Meat Market & Land

    Prime Retail Opportunity in Martinsburg, PA

    2983 Cove Mountain Rd, Martinsburg, PA 16662
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    Frederick Industrial Condo Unit 3
    $2,722,600
    13,613 SF

    Frederick Industrial Condo Unit 3

    13,613 SF Flex Warehouse - $2,722,600

    331 Aviation Way Unit, Frederick, MD 21701
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    Damascus Commercial Lot - High Traffic
    $350,000
    0.46 Acres

    Damascus Commercial Lot - High Traffic

    Prime .46-acre lot, high visibility.

    26530 Ridge Rd, Damascus, MD 20872
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    Frederick Industrial Suites - 4,160-8,320 SF
    Contact for pricing

    Frederick Industrial Suites - 4,160-8,320 SF

    Modern warehouse space near I-70. Excellent Frederick location.

    95 Monocacy Blvd, Frederick, MD 21701
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    Land Near Hospital and College
    $69,900

    Land Near Hospital and College

    0.31+/- acre lot near hospital, college, and interstates.

    20609 Jefferson St, Hagerstown, MD 21742
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    19+ Acre Preservation Building Lot
    $995,000

    19+ Acre Preservation Building Lot

    Approved building lot with pasture and riding trails.

    1621 Olney Sandy Spring Rd, Sandy Spring, MD 20860
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    Established Meat Market on Route
    $699,000

    Established Meat Market on Route

    Four-generation meat market with room for growth and development.

    2983 Cove Mountain Rd, Martinsburg, PA 16662
    View details

    For Lease (18)

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    Retail Space in Shell Condition
    $20 SF/Yr
    5,009 SF

    Retail Space in Shell Condition

    2,279 SF retail or restaurant space for lease.

    358 W Patrick St, Frederick, MD 21701
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    Stand-Alone Building in Frederick, MD
    $14 SF/Yr
    29,621 SF

    Stand-Alone Building in Frederick, MD

    7,844 SF stand-alone building with second floor available for lease.

    6008 Fair Oaks Dr, Frederick, MD 21703
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    Medical Space For Lease
    $650 / Mo

    Medical Space For Lease

    Medical space available for lease in Frederick, Maryland.

    286 Montevue Ln, Frederick, MD 21702
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    Downtown Hagerstown Retail Space
    $4,000 / Mo
    6,534 SF

    Downtown Hagerstown Retail Space

    Retail space in downtown Hagerstown, ideal for many uses.

    11-13 Potomac St N, Hagerstown, MD 21740
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    Mount Airy Office Space Lease
    $16 SF/Yr
    43,124 SF

    Mount Airy Office Space Lease

    Office spaces available for lease in Mount Airy, Maryland.

    1311 Main St, Mount Airy, MD 21771
    View details
    Office Space For Rent
    $700 / Mo

    Office Space For Rent

    Office space available for lease in Clarksburg, Maryland.

    23310 Frederick Rd, Clarksburg, MD 20871
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    Professional Office Suite in Clarksburg
    $700 / Mo

    Professional Office Suite in Clarksburg

    Affordable office space with commuter access and on-site parking.

    23310 Frederick Rd, Clarksburg, MD 20871
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    Professional Office Suite in Clarksburg
    $800 / Mo

    Professional Office Suite in Clarksburg

    Affordable office space with convenient access and on-site parking.

    23310 Frederick Rd, Clarksburg, MD 20871
    View details
    Frederick Commercial Space with Drive-Through
    $18 SF/Yr
    133,729 SF

    Frederick Commercial Space with Drive-Through

    Versatile commercial space in Frederick, ideal for various businesses.

    198 Thomas Johnson Dr, Frederick, MD 21701
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    Frederick Commercial Space with Drive-Through
    $18 SF/Yr
    133,729 SF

    Frederick Commercial Space with Drive-Through

    Versatile commercial space in Frederick, ideal for various businesses.

    198 Thomas Johnson Dr, Frederick, MD 21701
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    Frederick Commercial Space For Lease
    $18 SF/Yr
    133,729 SF

    Frederick Commercial Space For Lease

    Highly visible commercial space with ADA access and ample parking.

    198 Thomas Johnson Dr, Frederick, MD 21701
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    Charming Frederick Commercial Lease Opportunity
    $800 / Mo
    20,569 SF

    Charming Frederick Commercial Lease Opportunity

    Elegant commercial space with negotiable lease terms in Frederick, MD.

    3390 Urbana Pike, Frederick, MD 21704
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    Charming Frederick Commercial Lease Opportunity
    $800 / Mo
    20,569 SF

    Charming Frederick Commercial Lease Opportunity

    Charming commercial lease with historic elegance and modern functionality.

    3390 Urbana Pike, Frederick, MD 21704
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    Charming Frederick Commercial Lease Opportunity
    $800 / Mo
    20,569 SF

    Charming Frederick Commercial Lease Opportunity

    Elegant commercial space with historic charm and modern functionality.

    3390 Urbana Pike, Frederick, MD 21704
    View details
    Charming Frederick Office Space Available
    $800 / Mo
    20,569 SF

    Charming Frederick Office Space Available

    Elegant office space in a character-rich building with ample parking.

    3390 Urbana Pike, Frederick, MD 21704
    View details
    Frederick Commercial Space with Drive-Through
    $18 SF/Yr
    133,729 SF

    Frederick Commercial Space with Drive-Through

    Versatile commercial space in Frederick, ideal for various businesses.

    198 Thomas Johnson Dr, Frederick, MD 21701
    View details
    Charming Cottage for Commercial Leasing
    $1,200 / Mo

    Charming Cottage for Commercial Leasing

    Standalone cottage blending historic character with modern comfort, ideal for professionals.

    3390 Urbana Pike, Frederick, MD 21704
    View details
    Downtown Hagerstown Office Space
    $4,000 / Mo

    Downtown Hagerstown Office Space

    Office space for rent in downtown Hagerstown.

    11-13 Potomac St N, Hagerstown, MD 21740
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

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    Request Owner's contact information
    Mackintosh Inc., REALTORS
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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
    Mackintosh Inc., REALTORS
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