Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3535 Urbana Pike Frederick, MD 21704

    View on Map
    Sponsored
    For Sale
    $2,500,000

    Commercial Sale - FREDERICK, MD

    Type:Office
    Days on Market:
    213
    Last Refresh:
    Mar 15 at 7:06 pm

    Property Features for 3535 Urbana Pike

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    30
    Parking features
    Parking Lot

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    1
    Building materials
    HardiPlank Type

    We can help!

    Listing Contact
    Robert J Krop

    Keller Williams Realty Centre (410) 312-0000

    Listing agent Robert J Krop (301) 524-2887 License #35299

    Listing date Aug 15, 2025

    MLS# MDFR2041410

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Suites in Urbana

    This commercial property features professional business and retail suites located off 355 in Urbana, Maryland. The property benefits from prominent signage on 355 and backs to the Villages of Urbana. Its location provides easy access to 270. The Village Commercial Zoning permits a variety of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sierra Construction Construction Company

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.35446
    Latitude
    39.32722

    Nearby Similar for Sale

    • $419,999
      1,520 SF

      Frederick Office Suite For Sale

      Street-level office suite with tax benefits and modern design.
      6550 Mercantile Dr E, Frederick, MD 21703
      View Details
    • $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
      View Details
    • $624,999

      Frederick Medical/Office Condo For Sale

      Professional medical/office condo in Frederick, ideal for owner-occupants or investors.
      100 Tuscanny Dr, Frederick, MD 21702
      View Details
    • New
      $643,500
      974 SF

      Downtown Frederick Office/Medical Space

      974 SF office/medical space in historic downtown Frederick.
      241 E 4Th St, Frederick, MD 21701
      View Details
    • New
      $899,900
      2,848 SF

      Historic Frederick Multifamily Investment Opportunity

      Four-unit multifamily property in Frederick's Historic District.
      232 E 2Nd St, Frederick, MD 21701
      View Details
    • $3,250,000
      10,600 SF

      Frederick Office/Medical Building For Sale

      10,600 SF office/medical building with onsite parking and natural light.
      195 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $1,500,000
      0.05 Acres

      Leased Mixed-Use Frederick Property

      Income-producing property in a desirable, walkable downtown location.
      23-25-27 S Market St, Frederick, MD 21701
      View Details
    • $789,900

      Downtown Frederick Office/Medical Space

      2,848 SF office/medical space in historic downtown Frederick.
      241 E 4Th St, Frederick, MD 21701
      View Details
    • $3,000,000

      Historic Building on Carroll Creek

      Three-story building in historic downtown Frederick with commercial/residential zoning.
      47 E All Saints St, Frederick, MD 21701
      View Details
    • $515,000

      Mixed-Use Property with M2 Zoning

      Two-unit mixed-use property with M2 zoning and income potential.
      804-6 E South St, Frederick, MD 21701
      View Details
    • $631,250

      Downtown Frederick Office Space

      Unique office space in historic building with modern amenities.
      241 E 4Th St, Frederick, MD 21701
      View Details
    • $2,500,000

      Turnkey Restaurant and Market Opportunity

      Turnkey restaurant and market, renovated in 2023, for sale/lease.
      11037 Liberty Rd, Frederick, MD 21701
      View Details

    FAQs

    What type of property is this?
    Office units - Professional business and retail suites with high visibility and accessibility.
    Where is this office units located?
    The property is located at 3535 Urbana Pike Frederick, MD.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location directly off 355 in Urbana with excellent signage.; - Easy access to 270.; - Village Commercial Zoning allows for a large number of uses.
    (301) 524-2887
    Request Owner's contact information
    3535 Urbana Pike Frederick, MD 21704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3535 Urbana Pike
    Frederick, MD 21704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3535 Urbana Pike Frederick, MD 21704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert J Krop
    Real Estate License ID: 35299
    (301) 524-2887 (301) 874-5050 (240) 309-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!