Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19651 Frederick Rd Germantown, MD 20876

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    115,203 SF neighborhood center with anchor space available for lease.

    Property size:
    52,706 SF
    Lot size:
    12.09 Acres

    Property Features for 19651 Frederick Rd

    General Information

    Size
    52,706 SF
    Lot size
    12.09 Acres

    We can help!

    Listing Contact
    Susan Bourgeois
    Susan Bourgeois
    Source: Moodyscre

    Listing Agent: Susan Bourgeois

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Germantown Retail Anchor Space Available

    This 115,203 square foot neighborhood center is located on Frederick Road (Route 355) in Germantown, Maryland, offering excellent visibility. The property benefits from strong local demographics, with 140,000 residents and over 37,000 employees within a 3-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greatwall Supermarket Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.237013
    Latitude
    39.1793097

    Nearby Similar for Lease

    • New
      $20,000 /Mo
      44,867 SF

      Germantown Retail Space For Lease

      Highly visible commercial building with unbeatable exposure and ample parking.
      19201 Frederick Rd, Germantown, MD 20876
      View Details
    • $2,900 /Mo
      1,344 SF

      Spacious End-Unit Townhouse For Rent

      Bright, updated 3-bedroom, 3.5-bath townhouse near shopping and transportation.
      19126 Cherry Bend Dr, Germantown, MD 20874
      View Details
    • $22 SF/Yr
      14,000 SF

      Modern Office Space Available

      Built-out office space for lease with easy highway access.
      13135 Winged Foot Ln, Germantown, MD
      View Details
    • $2,200 /Mo

      Charming Condo with Private Courtyard

      Two-bedroom, two-bath condo with updated kitchen and private courtyard.
      13063 Shadyside Ln, Germantown, MD 20874
      View Details
    • $2,100 /Mo

      Germantown Condo with Community Pool

      Spacious 2 bed, 2 bath condo in Germantown for rent.
      13201 Chalet Pl Pl, Germantown, MD 20874
      View Details
    • $22 SF/Yr
      12,000 SF

      Entire Floor Office Space Available

      Rare opportunity to lease an entire office floor.
      20270 Goldenrod Ln, Germantown, MD 20876
      View Details
    • Contact for pricing
      211,903 SF

      Seneca Meadows Retail Space For Lease

      Germantown, MD Retail Center - High-Income Area
      20600 Seneca Meadows Pkwy, Germantown, MD 20876
      View Details
    • $0.24 SF/Yr
      15,335 SF

      Regus Milestone Business Park Offices

      Germantown Office Suites: Flexible Options
      12410 Milestone Center Dr, Germantown, MD 20876
      View Details
    • Contact for pricing
      3,232 SF

      Germantown Retail Space Available

      3,232 SF Retail Space in Black Hill
      0 Crystal Rock Dr, Germantown, MD 20874
      View Details
    • $1,670 /Mo
      723 SF

      Germantown Ground Floor One Bedroom

      One bedroom apartment with reserved parking and community amenities.
      13110 Wonderland Way, Germantown, MD 20874
      View Details
    • Contact for pricing
      2,500 SF

      Germantown Shopping Center Space Available

      Retail space for lease in Giant-anchored Germantown shopping center.
      13415 Kingsview Village Ave, Germantown, MD 20874
      View Details
    • Contact for pricing
      2,779 SF

      Germantown Shopping Center Space Available

      Retail space in Giant-anchored shopping center, Germantown, Maryland.
      18331 Leaman Farm Rd, Germantown, MD 20874
      View Details

    FAQs

    What type of property is this?
    Strip mall - 115,203 SF neighborhood center with anchor space available for lease.
    Where is this strip mall located?
    The property is located at 19651 Frederick Rd Germantown, MD.
    What are key features of this property?
    This property features: - 115,203 SF neighborhood center with anchor space available.; - Located on Frederick Road (Route 355) in Germantown, MD.; - Excellent visibility from Frederick Road.
    (571) 382-1200
    Request Owner's contact information
    19651 Frederick Rd Germantown, MD 20876
    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.
    19651 Frederick Rd
    Germantown, MD 20876
    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
    19651 Frederick Rd Germantown, MD 20876
    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
    Susan Bourgeois
    Susan Bourgeois
    (571) 382-1200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.