Renovated Restaurant and
For Sale
$2,200,000
11037 LIBERTY Road, Frederick, MD 21701
Commercial Sale, FREDERICK, MD
Property Size10,130 SF
Lot Size1.62 Acres
Price / SF$217.18
Days on Market329
Property Features for 11037 LIBERTY Road
General Information
Property type
Other
Property subtype
Retail
Parking
42
Parking features
Parking Lot
Elementary school district
FREDERICK COUNTY PUBLIC SCHOOLS
Middle school district
FREDERICK COUNTY PUBLIC SCHOOLS
High school district
FREDERICK COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
1.62 Acres
Taxes and HOA fees
Tax Annual Amount
15629
Utilities
Cooling system
Heat Pump
Amenities
Family-Friendly Play Area
Expansive Second-Level Event Space
Building Details
Year built
2023
Number of units
2
Building materials
Metal Siding
Listing Agency:
VCRE.CO
(240) 367-9600
Listed By:
Tony "C" Checchia · License #307505
(240) 397-5656
Added: Nov 20, 2025
Changed: Aug 28
Last Checked: Oct 15 at 3:06AM
MLS# MDFR2073698
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.
Investment Insights
Based on property information with market context.
This two-unit restaurant property comprises a 10,130-square-foot building on 1.62 acres. The interior includes a full-service commercial kitchen, separate meat-processing area, market space with refrigeration, and an expansive second-level event area. Outdoor dining and a family-oriented play area extend the property’s operating layout. Renovations completed in 2023 included an updated onsite septic system.
The property is located at 11037 Liberty Road in Frederick, Maryland, and includes a parking lot. General Commercial (GC) zoning supports a range of permitted uses, while carry-out alcoholic beverage sales are permitted. Metal siding and heat-pump cooling are among the building features.
The property is located at 11037 Liberty Road in Frederick, Maryland, and includes a parking lot. General Commercial (GC) zoning supports a range of permitted uses, while carry-out alcoholic beverage sales are permitted. Metal siding and heat-pump cooling are among the building features.
Key Highlights
- 10,130 SF building on 1.62 acres
- 2 units with restaurant and market configuration
- Full‑service kitchen with separate meat‑processing space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,343
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,860
$2.2M
Cap Rate 7%
$1,576,329
$1.6M
Cap Rate 9%
$1,226,033
$1.2M
Market Conditions
NOI Build-Up for 10,130 SF
Gross rent
$161.7K $15.96/SF
− Vacancy
−$4.0K −$0.40/SF
EGI
$157.6K $15.56/SF
− OpEx
−$47.3K −$4.67/SF
NOI
$110.3K $10.89/SF
Area
Frederick County, MD
Vacancy
2.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,860
Cap Rate 7%
$1,576,329
Cap Rate 9%
$1,226,033
Alternative Uses
Best Use
Specialty Retail
$3.75M
$3.28M – $4.38M
NOI $262,756 @ 7.0% cap · market cap 11.94%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,343 @ 7.0% cap · market cap 5.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
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?
Conventional restaurant - Two-unit commercial property with a full-service kitchen, market refrigeration, event space, and outdoor dining area.
Where is this conventional restaurant located?
The property is located at 11037 LIBERTY Road Frederick, MD.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,130 SF building on 1.62 acres; 2 units with restaurant and market configuration; Full‑service kitchen with separate meat‑processing space
