Freestanding Office/Medical Building For
For Sale
$3,250,000
Pending
195 Thomas Johnson Dr, Frederick, MD 21702
10,600 SF office/medical building with on-site parking and natural light.
Property Size10,873 SF
Days on Market368
Property Features for 195 Thomas Johnson Dr
General Information
Standard status
Pending
Size
10,873 SF
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
MacRo, Ltd.
Listed By:
Ashleigh Laura Sutton Rossi · License #659717
(703) 507-1069
Source:
Searchhomesinbuckscounty
Added: Oct 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:29AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$205,277
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,105,540
$4.1M
Cap Rate 7%
$2,932,529
$2.9M
Cap Rate 9%
$2,280,856
$2.3M
Market Conditions
NOI Build-Up for 10,873 SF
Gross rent
$381.0K $35.04/SF
− Vacancy
−$38.9K −$3.57/SF
EGI
$342.1K $31.47/SF
− OpEx
−$136.9K −$12.59/SF
NOI
$205.3K $18.88/SF
Area
Frederick County, MD
Vacancy
10.20%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,105,540
Cap Rate 7%
$2,932,529
Cap Rate 9%
$2,280,856
Alternative Uses
Best Use
Healthcare Medical
$2.93M
$2.57M – $3.42M
NOI $205,277 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$2.85M
$2.49M – $3.32M
NOI $199,200 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$4.03M
$3.53M – $4.70M
NOI $282,028 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21702, MD
46,412
Population
18,677
Households
2.5
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
41.7 sq mi
ZIP Area
1,113
Density / Sq Mi
$104,659
Median Household Income
$55,937
Median Earnings
$1,722
Median Rent
$384,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - 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.
