Freestanding Office/Medical Building For
195 THOMAS JOHNSON Dr Frederick, MD 21702
195 THOMAS JOHNSON Dr, Frederick, MD, 21702
$3,250,000
For Sale
$3,250,000
10,600 SF office/medical building with on-site parking and natural light.
Property Size10,600 SF
Price / SF$306.60
Days on Market89
Property Features for 195 THOMAS JOHNSON Dr
General Information
- Standard status
- Active
- Size
- 10,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing agency
MacRo, Ltd.
(703) 507-1069
Listed by
Ashleigh Laura Sutton Rossi · License #659717
(703) 507-1069
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:17PM Checked: Jul 21 at 6:41AM
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 MacRo, Ltd.
Investment Insights
Based on property information with market context.
This freestanding 10,600 square foot building is suitable for office or medical use. Approximately 5,000 square feet has been recently updated for medical or professional office use. The flexible layout is ideal for medical, dental, professional office, or daycare users seeking a standalone building with excellent visibility. On-site parking is available. The property benefits from natural light. The property will be available on 2/28/2026. The location has a walk score of 94, indicating it is a walker's paradise. The bike score is 81, indicating it is very bikeable. The transit score is 34, indicating some transit options are available.
Key Highlights
- Freestanding 10,600 SF building offers independence and prominent visibility.
- Approximately 5,000 SF recently updated for medical/professional office use.
- Onsite parking available.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $371.4k | $35.04 |
| − Vacancy | −$37.9k | −$3.57 |
| EGI | $333.5k | $31.47 |
| − OpEx | −$133.4k | −$12.59 |
| NOI | $200.1k | $18.88 |
10,600 SF · lease $35.04/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.86M
$2.50M – $3.34M
NOI $200,123 @ 7.0% cap · market cap 6.16%
Second Best
Office B
$2.77M
$2.43M – $3.24M
NOI $194,198 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.58M
NOI $274,947 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
M&T Bank Mortgage ...
Bank
Dr. Naaz Ajaz ...
Pediatrician
Maryland Vision Institute ...
Ophthalmologist
Doctor's Optical
Ophthalmologist
Eye Physician & Surgeon
Ophthalmologist
Similar For Sale Nearby
Similar Off Market Nearby
- Opossum Pike Veterinary Clinic — 1550 Opossumtown Pike, Frederick, MD 21702
- Emily Yau, VMD — 1550 Opossumtown Pike, Frederick, MD 21702
- Rebecca Arthur, DVM — 1550 Opossumtown Pike, Frederick, MD 21702
- Barbara A. Stastny, DVM — 1550 Opossumtown Pike, Frederick, MD 21702
- Ballenger Creek Veterinary — 1550 Opossumtown Pike, Frederick, MD 21702
FAQs
What type of property is this?
Medical Office Space - 10,600 SF office/medical building with on-site parking and natural light.
Where is this medical office space located?
The property is located at 195 THOMAS JOHNSON Dr Frederick, MD.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Freestanding 10,600 SF building offers independence and prominent visibility.; Approximately 5,000 SF recently updated for medical/professional office use.; Onsite parking available.
