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    Second-Floor Office Suite Title is generated by Realmo AI

    3390 URBANA Pike SUITE 2, Frederick, MD 21704

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    New
    For Lease
    $800 /Mo

    Second-floor suite with high ceilings and natural light, backed by on-site parking for client and staff convenience.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:43 am

    Property Features for 3390 URBANA Pike SUITE 2

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1875

    We can help!

    Listing Contact
    Michael Kurtianyk
    Michael Kurtianyk

    Listing agent Michael Kurtianyk License #523250

    Listing office Mackintosh Inc., REALTORS

    Listing date Jun 3, 2026

    Source Elliman

    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 Mackintosh Inc., REALTORS

    HighLights

    • 1875‑built commercial building; second‑floor office suite with high ceilings and natural light
    • Suite is one of 4 offices available on the 2nd floor
    • Nearly half‑acre lot with a dedicated on‑site parking lot for clients and staff
    • Interior is currently a blank slate, ready for customization to fit your business needs
    • WalkScore 64 (somewhat walkable) and BikeScore 53

    Overview

    This second-floor office suite is located in a character-rich commercial building and includes access to a configuration described as four offices on the 2nd floor, of which this suite is one. The interior is currently presented as a blank slate, offering room for a tenant to tailor finishes and layout to their business needs. The space is characterized by high ceilings and an abundance of natural light, creating an airy, productive environment for day-to-day operations.

    The property offers a well-maintained exterior and a dedicated parking lot intended to support both clients and employees. WalkScore is listed as 64, described as somewhat walkable, and BikeScore is listed as 53, described as bikeable, which may be helpful for staff commuting and client visits in the immediate area.

    For businesses looking for an office suite with natural light, high ceilings, and flexible interior build-out, this space can work as a professional base for client-facing work or team-focused operations. The lease terms are noted as negotiable, and the suite is positioned within a multi-office second-floor setup, which may be useful for tenants seeking a private office environment within an established office building.
    Location Intelligence

    Current Use by Public Records

    Primary Care Associates ... Medical Clinic Praveen Bolarum Medical ... Pediatrician CENTER FOR NEUROFEEDBACK Alternative Medicine Practice Donna Troisi, LCSW-C Counselor Praveen Bolarum, MD Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.347509
    Latitude
    39.325701

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    FAQs

    What type of property is this?
    Office units - Second-floor suite with high ceilings and natural light, backed by on-site parking for client and staff convenience.
    Where is this office units located?
    The property is located at 3390 URBANA Pike SUITE 2 Frederick, MD.
    What is the lease rate?
    The lease rate is $800 /Mo.
    What are key features of this property?
    This property features: 1875‑built commercial building; second‑floor office suite with high ceilings and natural light; Suite is one of 4 offices available on the 2nd floor; Nearly half‑acre lot with a dedicated on‑site parking lot for clients and staff
    (301) 401-0039
    We can help!
    Listing Contact
    Michael Kurtianyk
    Michael Kurtianyk
    Real Estate License ID: 523250
    Learn More
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    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.

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    3390 URBANA Pike SUITE 2, Frederick, MD 21704
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