Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    5616 Buckeystown Pike Frederick, MD 21704

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

    120,437 SF retail space in Frederick, Maryland.

    Property size:
    120,437 SF
    Lot size:
    58.43 Acres

    Property Features for 5616 Buckeystown Pike

    General Information

    Size
    120,437 SF
    Lot size
    58.43 Acres

    We can help!

    Listing Contact
    Joe Botzler
    Joe Botzler
    Source: Moodyscre

    Listing Agent: Joe Botzler

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

    Learn more

    Overview

    Francis Scott Key Mall Retail

    Located in Frederick, Maryland, the Francis Scott Key Mall offers a 120,437 square foot retail space. Formerly a Sears department store, this property is positioned in the primary retail area off Buckeystown Pike and Route 70. As the only enclosed mall in Frederick, Francis Scott Key Mall provides a major box vacancy and redevelopment opportunity within a strong retail submarket. The location benefits from high visibility from I-270 and Buckeystown Pike. The property is surrounded by big box retailers, including Sam’s Club, Lowe’s, Home Depot, and Target. Buckeystown Pike and Urbana Pike offer convenient access to the site and connect it to the broader retail market.
    Location Intelligence

    Current Use by Public Records

    Barnes & Noble Café Cafe

    Suggested Use

    Restaurant Law Firm Building Supply Realty agency Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4066805
    Latitude
    39.3839217

    Nearby Similar for Lease

    • $18 SF/Yr
      871 SF

      Downtown Frederick Office Space Available

      Spacious office suite in a prime downtown Frederick location.
      5 S Market St Unit, Frederick, MD 21701
      View Details
    • $20 SF/Yr
      1,742 SF

      Downtown Frederick Office Space

      Charming office building in historic Downtown Frederick.
      22 2Nd St E, Frederick, MD 21701
      View Details
    • $3,875 /Mo
      19,602 SF

      Urbana Pike Retail/Office Space

      Professional suites off 355 in Urbana, available in 2023.
      3535 Urbana Pike, Frederick, MD 21704
      View Details
    • $5,935 /Mo
      19,602 SF

      Urbana Pike Retail/Office Space

      Retail and office suites available for lease in Frederick, MD.
      3535 Urbana Pike, Frederick, MD 21704
      View Details
    • $16 SF/Yr

      Frederick Medical/Office Space Available

      3,648 SF medical/office space for lease in Frederick, MD.
      604 Solarex Ct, Frederick, MD 21703
      View Details
    • $14 SF/Yr
      29,621 SF

      Stand-Alone Building in Frederick, MD

      7,844 SF stand-alone building with second floor available for lease.
      6008 Fair Oaks Dr, Frederick, MD 21703
      View Details
    • $3,750 /Mo
      12,632 SF

      Renovated Commercial Property in Urbana

      Renovated commercial property suitable for retail or office use.
      8832 Urbana Church Rd, Frederick, MD 21704
      View Details
    • $400 /Mo
      2,614 SF

      Office Space in Frederick, MD

      Office property for lease in Frederick, Maryland.
      322 W Patrick St, Frederick, MD 21701
      View Details
    • $18 SF/Yr
      133,729 SF

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • $23 SF/Yr
      44,867 SF

      Frederick MD Office/Medical Building

      Freestanding office/medical building with parking and natural light for lease.
      195 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $20 SF/Yr
      5,227 SF

      Downtown Frederick Retail/Restaurant Space

      Shell condition retail or restaurant space in historic downtown Frederick.
      358 W Patrick St, Frederick, MD 21701
      View Details
    • $18 SF/Yr
      133,729 SF

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 2Nd St, Frederick, MD 21701
      View Details

    FAQs

    What type of property is this?
    Shopping mall - 120,437 SF retail space in Frederick, Maryland.
    Where is this shopping mall located?
    The property is located at 5616 Buckeystown Pike Frederick, MD.
    What are key features of this property?
    This property features: - Prime location in Francis Scott Key Mall, the only enclosed mall in Frederick, Maryland.; - Strategic positioning off Buckeystown Pike and Route 70 in a strong retail submarket.; - **Excellent visibility from I-270 and Buckeystown Pike.**
    (443) 451-2600
    Request Owner's contact information
    5616 Buckeystown 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.
    5616 Buckeystown 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
    5616 Buckeystown 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
    Joe Botzler
    Joe Botzler
    (443) 451-2600
    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.