Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail/Office Space Available Title is generated by Realmo AI

    1896 Urbana #24, Clarksburg, MD 20871

    View on Map
    Claim this Listing
    For Lease
    $1,565 /Mo

    Retail or office space with building signage on Route 355.

    Added:
    Apr 5, 2025
    Days on Market:
    424
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1896 Urbana #24

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    CHAD S TYLER

    Listing agent CHAD S TYLER

    Listing office TYLER DUNCAN REALTY PARTNERS, INC.

    Listing date Apr 5, 2025

    Source Corcoran

    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 TYLER DUNCAN REALTY PARTNERS, INC.

    HighLights

    • High‑visibility location on Route 355 with building signage.
    • Flexible suite sizes available, ranging from 750 SF to 3,250 SF.
    • Located in the Hyatt Center at the Montgomery/Frederick County line, near I‑270.
    • Suitable for both office and retail use.
    • Diverse tenant mix including a dentist, Dunkin Donuts, and a Montessori School.
    • Year built: 1989.

    Overview

    This property is located on Route 355 and offers building signage facing the road. The space is suitable for a small office or retail user. Located at the Montgomery / Frederick County line, the Hyatt Center is approximately 1 mile from I-270. Adjacent suites are available, accommodating sizes from 750 to 3,250 square feet. The building's occupants include a dentist, Dunkin Donuts, a Montessori School, and other professional and retail-oriented businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    MortgageRight Loan Service Joanne Grus at Charis ... Real Estate Agency Dema Hilmi Dental Office Homes by Hil ... Real Estate Agency Tobacco King and Vape (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.3141
    Latitude
    39.2867

    Nearby Similar for Lease

    • $800/Mo

      Professional Office Suite in Clarksburg

      Affordable office space with convenient access and on-site parking.
      23310 FREDERICK Road, CLARKSBURG, MD 20871
      View Details
    • $700/Mo

      Professional Office Suite in Clarksburg

      Affordable office space with commuter access and on-site parking.
      23310 FREDERICK Road, CLARKSBURG, MD 20871
      View Details
    • $700/Mo

      Office Space For Rent

      Office space available for lease in Clarksburg, Maryland.
      23310 FREDERICK Road, CLARKSBURG, MD 20871
      View Details
    • $700/Mo

      Professional Office Suite in Clarksburg

      Affordable and accessible office space for lease in Clarksburg.
      23310 FREDERICK Rd SUITE 301, Clarksburg, MD 20871
      View Details
    • Contact for pricing
      4,291 SF

      Clarksburg Office Space For Lease

      Office space available for lease in Clarksburg, Maryland.
      22516 Gateway Center Dr, Clarksburg, MD 20871
      View Details
    • $12 SF/Yr
      60,680 SF

      Clarksburg Warehouse Space Available

      60,680 sq ft warehouse space for lease.
      22530 Gateway Center Dr, Clarksburg, MD 20871
      View Details
    • $1,932/Mo

      Route 355 Frontage Opportunity

      Office or retail space with building signage on Route 355.
      1896 Urbana #24, CLARKSBURG, MD 20871
      View Details
    • $6,975/Mo

      Route 355 Frontage Retail/Office

      Retail or office space with building signage on Route 355.
      1896 Urbana #24, CLARKSBURG, MD 20871
      View Details
    • Contact for pricing
      1,058 SF

      Retail Space Near I-270

      Retail space with direct access to I-270.
      23233 Stringtown Rd, Clarksburg, MD
      View Details
    • Contact for pricing
      830 SF

      Retail Space Near I-270

      Retail space with direct access to I-270 and Rt 355.
      23203-23213 Stringtown Rd, Clarksburg, MD
      View Details
    • Contact for pricing
      8,146 SF

      Retail Pad Site For Lease

      Retail pad site available at Clarksburg Premium Outlets entrance.
      22705 Clarksburg Rd, Clarksburg, MD 20871
      View Details

    FAQs

    What type of property is this?
    Office units - Retail or office space with building signage on Route 355.
    Where is this office units located?
    The property is located at 1896 Urbana #24 Clarksburg, MD.
    What is the lease rate?
    The lease rate is $1,565 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Route 355 with building signage.; Flexible suite sizes available, ranging from 750 SF to 3,250 SF.; Located in the Hyatt Center at the Montgomery/Frederick County line, near I‑270.
    (301) 831-8575
    We can help!
    Listing Contact
    CHAD S TYLER
    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
    1896 Urbana #24, CLARKSBURG, MD 20871
    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!