Bank Building with
For Sale
Contact for pricing
102 Baughmans Ln, Frederick, MD 21702
Existing bank lease runs through Sept. 30, 2027, within a General Commercial zoning district.
Property Size2,765 SF
Price / SF$452.08
Days on Market81
Property Features for 102 Baughmans Ln
General Information
Standard status
Active
Size
2,765 SF
Property subtype
RETAIL
Zoning
General Commercial
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Amenities
5 perimeter offices
open lobby area
vault
Building Details
Tenancy
Single
Listing Agency:
Frederick Commercial Real Estate
(240) 457-4802
Listed By:
Chris Kline, Jr. · License #652912
Source:
Moodyscre
Added: Jul 23
Changed: Oct 7
Last Checked: Oct 11 at 9:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frederick Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,765-square-foot bank property includes a two-lane drive-through, five perimeter offices, an open lobby, and a vault. The existing bank lease remains in place through Sept. 30, 2027, providing an operating tenancy during the current lease term. General Commercial zoning is in place, and the offering is identified for either an owner-user or an investor acquiring a leased property.
The site is positioned immediately off US15 and Route 40, also known as The Golden Mile, within Frederick City’s retail corridor. More than 100 feet of road frontage supports exposure from the surrounding roadway network, while the drive-through configuration adds a practical banking feature to the improvements.
The site is positioned immediately off US15 and Route 40, also known as The Golden Mile, within Frederick City’s retail corridor. More than 100 feet of road frontage supports exposure from the surrounding roadway network, while the drive-through configuration adds a practical banking feature to the improvements.
Key Highlights
- 2765 SF bank property
- Two‑lane drive‑through
- Five perimeter offices, open lobby, and vault
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,720
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,400
$1.4M
Cap Rate 7%
$1,024,571
$1.0M
Cap Rate 9%
$796,889
$796.9K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$96.9K $35.04/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$95.6K $34.58/SF
− OpEx
−$23.9K −$8.65/SF
NOI
$71.7K $25.94/SF
Area
Frederick County, MD
Vacancy
1.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,400
Cap Rate 7%
$1,024,571
Cap Rate 9%
$796,889
Alternative Uses
Best Use
Specialty Retail
$1.02M
$896.5K – $1.20M
NOI $71,720 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$430.3K
$376.5K – $502.0K
NOI $30,118 @ 7.0% cap · market cap 2.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
407k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 25%
Groceries 20%
Apparel 7%
H Mart
Groceries
49,709 visits/mo
0.5 miles
Wawa
Shops & Services
43,299 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
26,896 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
26,053 visits/mo
0.1 miles
Burger King
Dining
19,497 visits/mo
0.2 miles
Demographics for 21702, MD
46,412
Population
18,677
Households
2.5
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
41.7 sq mi
ZIP Area
1,113
Density / Sq Mi
$104,659
Median Household Income
$55,937
Median Earnings
$1,722
Median Rent
$384,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Existing bank lease runs through Sept. 30, 2027, within a General Commercial zoning district.
Where is this bank located?
The property is located at 102 Baughmans Ln Frederick, MD.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2765 SF bank property; Two‑lane drive‑through; Five perimeter offices, open lobby, and vault
