Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Pad Site with Drive-Thru Title is generated by Realmo AI

    1220 W Patrick St, Frederick, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,790 SF restaurant pad site with drive-thru available.

    Type:RETAIL
    Property size:
    4,790 SF
    Lot size:
    0.79 Acres
    Added:
    Dec 13, 2023
    Days on Market:
    883
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 1220 W Patrick St

    General Information

    Standard status
    Active
    Size
    4,790 SF
    Lot size
    0.79 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1220 W Patrick St Contact us

    We can help!

    Listing Contact
    Megan Matthews

    Listing agent Megan Matthews

    Listing office JLL | Washington DC

    Listing date Dec 13, 2023

    Source Moodyscre

    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 JLL | Washington DC

    HighLights

    • Prominent frontage on Route 40 with high visibility (46,251 VPD)
    • Fully built out restaurant with 52 dedicated parking spaces
    • Drive‑thru available pad site
    • Multiple access points, including direct access to residential via South McCain Drive
    • 4,790 SF on 0.79‑acre parcel
    • Pylon signage available

    Overview

    This 4,790 square-foot restaurant is situated on a 0.79-acre parcel and features a drive-thru. The fully built-out restaurant includes 52 dedicated parking spaces. The property benefits from prominent frontage and pylon signage along Route 40, with visibility to 46,251 vehicles per day. Multiple access points are available, including direct access to residential areas via South McCain Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alberto's Car Towings ... Auto Parts Store Pizza Hut Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4521
    Latitude
    39.418

    Nearby Similar for Lease

    • $800/Mo

      Charming Frederick Office Space Available

      Elegant office space in a character-rich building with ample parking.
      3390 URBANA Pike, FREDERICK, MD 21704
      View Details
    • $800/Mo

      Charming Frederick Commercial Lease Opportunity

      Charming commercial lease with historic elegance and modern functionality.
      3390 URBANA Pike, FREDERICK, MD 21704
      View Details
    • $800/Mo

      Charming Frederick Commercial Lease Opportunity

      Elegant commercial space with historic charm and modern functionality.
      3390 URBANA Pike, FREDERICK, MD 21704
      View Details
    • $800/Mo

      Charming Frederick Commercial Lease Opportunity

      Elegant commercial space with negotiable lease terms in Frederick, MD.
      3390 URBANA Pike, FREDERICK, MD 21704
      View Details
    • $20 SF/Yr

      Retail Space in Shell Condition

      2,279 SF retail or restaurant space for lease.
      358 W PATRICK Street, FREDERICK, MD 21701
      View Details
    • $14 SF/Yr

      Stand-Alone Building in Frederick, MD

      7,844 SF stand-alone building with second floor available for lease.
      6008 FAIR OAKS Drive, FREDERICK, MD 21703
      View Details
    • $23 SF/Yr

      Frederick MD Office/Medical Building

      Freestanding office/medical building with parking and natural light for lease.
      195 THOMAS JOHNSON Drive, FREDERICK, MD 21702
      View Details
    • $18 SF/Yr

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 THOMAS JOHNSON Drive, FREDERICK, MD 21701
      View Details
    • $650/Mo

      Medical Space For Lease

      Medical space available for lease in Frederick, Maryland.
      286 MONTEVUE Lane, FREDERICK, MD 21702
      View Details
    • $18 SF/Yr

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 THOMAS JOHNSON Drive, FREDERICK, MD 21701
      View Details
    • $20 SF/Yr

      Historic Downtown Frederick Office Space

      Charming office building in historic Downtown Frederick.
      22 SECOND Street E, FREDERICK, MD 21701
      View Details
    • $18 SF/Yr

      Frederick Commercial Space For Lease

      Highly visible commercial space with ADA access and ample parking.
      198 THOMAS JOHNSON Drive, FREDERICK, MD 21701
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 4,790 SF restaurant pad site with drive-thru available.
    Where is this drive through restaurant located?
    The property is located at 1220 W Patrick St Frederick, MD.
    What are key features of this property?
    This property features: Prominent frontage on Route 40 with high visibility (46,251 VPD); Fully built out restaurant with 52 dedicated parking spaces; Drive‑thru available pad site
    (202) 719-5000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Megan Matthews
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1220 W Patrick St, Frederick, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!