Two-Story Medical Office
For Sale
Contact for pricing
15 Wormans Mill Ct, Frederick, MD 21701
Enhanced existing power and multiple rooftop units support a range of specialized facility configurations.
Property Size19,983 SF
Price / SF$0.00
Days on Market8
Property Features for 15 Wormans Mill Ct
General Information
Standard status
Active
Size
19,983 SF
Class
B
Property subtype
lab
Additional Details
Utilities to Site
Yes
Amenities
enhanced existing power supply
multiple rooftop units
Building Details
Buildings
1
Stories
2
Listing Agency:
North Bethesda
Listed By:
Alden Stabb · License #655488
(301) 287-3241
Source:
Property.jll
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 4:55AM
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 North Bethesda
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Investment Insights
Based on property information with market context.
Configured across two equal floors of 19,983 square feet each, this medical office property has multiple rooftop units and an enhanced existing power supply. The space is identified for possible medical, educational, research, retail, daycare, religious gathering, and other specialty uses; these are described as potential applications rather than confirmed permitted uses.
The property is in the Wormans Mill area of Frederick, Maryland, at 15 Wormans Mill Ct. It is available immediately for lease or owner occupancy.
The property is in the Wormans Mill area of Frederick, Maryland, at 15 Wormans Mill Ct. It is available immediately for lease or owner occupancy.
Key Highlights
- Two equal floors, each measuring 19,983 SF
- Enhanced existing power supply
- Multiple rooftop units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$366,100
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,322,000
$7.3M
Cap Rate 7%
$5,230,000
$5.2M
Cap Rate 9%
$4,067,778
$4.1M
Market Conditions
NOI Build-Up for 19,983 SF
Gross rent
$618.7K $30.96/SF
− Vacancy
−$130.5K −$6.53/SF
EGI
$488.1K $24.43/SF
− OpEx
−$122.0K −$6.11/SF
NOI
$366.1K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,322,000
Cap Rate 7%
$5,230,000
Cap Rate 9%
$4,067,778
Alternative Uses
Best Use
Healthcare Medical
$5.39M
$4.72M – $6.29M
NOI $377,270 @ 7.0% cap · market cap 2,515,133.33%
Second Best
Office B
$5.23M
$4.58M – $6.10M
NOI $366,100 @ 7.0% cap · market cap 2,440,666.67%
Theoretical Best
Specialty Retail
$7.40M
$6.48M – $8.64M
NOI $518,326 @ 7.0% cap · market cap 3,455,506.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- 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
- Opossum Pike Veterinary Clinic — 1550 Opossumtown Pike, Frederick, MD 21702
- Emily Yau, VMD — 1550 Opossumtown Pike, Frederick, MD 21702
Frequently Asked Questions
What type of property is this?
Medical Office Space - Enhanced existing power and multiple rooftop units support a range of specialized facility configurations.
Where is this medical office space located?
The property is located at 15 Wormans Mill Ct Frederick, MD.
What are key features of this property?
This property features: Two equal floors, each measuring 19,983 SF; Enhanced existing power supply; Multiple rooftop units
