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    Property profile & analytics

    Frederick, MD 21704

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details

    Year built
    1995
    Property type
    Investment properties

    Description

    Jasmine Al-Sham Mediterranean Carry-out, a well-established and popular family-owned business located at 3532 Unit B, Frederick, MD, is available for purchase. This turnkey opportunity presents a chance to acquire a thriving eatery that has served the Urbana and surrounding communities for six years, cultivating a loyal customer base. The sale includes the business itself, with inventory negotiable. This represents a rare chance to own a successful and well-regarded community staple. The business currently operates under a Triple Net Lease. Serious inquiries only. Potential buyers must sign a non-disclosure agreement (NDA) and provide proof of funds before scheduling a showing. A 48-hour advance notice is required for all showings. Further details regarding this unique business opportunity are available upon request. This listing and sale are handled exclusively by a designated representative.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    FREDERICK
    State
    Maryland
    Longitude
    -77.4103
    Latitude
    39.4321

    Comparable in this City

    • Value Estimation
      $1,025,000
      1,544 SF

      3504 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,544 SF
      3504 Urbana Pike, Urbana, MD 21704-7742
      View Details
    • Value Estimation by Request
      1,488 SF

      3528 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,488 SF
      3528 Urbana Pike, Frederick, MD 21704-7742
      View Details
    • Value Estimation
      $375,000
      1,260 SF

      3543 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,260 SF
      3543 Urbana Pike, Frederick, MD 21704-7741
      View Details
    • Value Estimation by Request
      2,820 SF

      3524 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 2,820 SF
      3524 Urbana Pike, Frederick, MD 21704-7742
      View Details
    • Value Estimation
      $125,000
      1,256 SF

      3539 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,256 SF
      3539 Urbana Pike, Frederick, MD 21704-7741
      View Details
    • Value Estimation by Request
      808 SF

      3535 Urbana Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 808 SF
      3535 Urbana Pike, Frederick, MD 21704-7741
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      121,655 SF

      Urbana Executive Office Suites

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      Westview Village Office Suites

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      Frederick Flex Space Available

      Flex space with ample parking and building signage available.
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      Retail Space in Key Plaza

      Mini-anchor space available in Key Plaza, Frederick, MD.
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      3,000 SF

      Frederick Flex Space For Rent

      Flex space available in Westview Business Park, Frederick, MD.
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      2,024 SF

      Premier Lifestyle Center Retail Space

      Retail space available in Frederick County's premier lifestyle center.
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      View Details
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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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