Historic Live-Work and Retail
23341 Frederick Rd, Clarksburg, MD 20871
For Sale
$849,000
Restored circa-1900 building with bright main-level retail space and flexible second-floor rooms, suited for owner-users.
Property Size2,868 SF
Price / SF$296.03
Days on Market148
Property Features for 23341 Frederick Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
CENTURY 21 Commercial New Millennium
Listed By:
James Marcum · License #37294
(443) 234-8412
Source:
Selltheshore
Added: Jun 13
Changed: Oct 26
Last Checked: Nov 6 at 12:20PM
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 CENTURY 21 Commercial New Millennium
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 beautifully restored circa-1900 commercial building offers approximately 2,868 square feet across two levels. The first floor features an open, naturally lit layout with original hardwood floors, decorative pressed-tin ceilings, exposed timber beams, and historic architectural details. A convenient half bath serves the main level, and a commercial three-basin sink is already in place, supported by public water and sewer service. The main floor is ready for finishing touches and provides a strong foundation for a variety of specialty uses.
A rear stairwell leads to the second floor, which includes four separate rooms, a beautifully updated full bathroom, and additional space that can support a range of configurations. The property sits on approximately 0.14 acres along Frederick Road (MD Route 355), within Clarksburg’s historic commercial corridor. The offering also includes commuter exposure along one of the area’s most traveled routes and convenient access toward I-270 and surrounding destinations.
The layout is well suited for an owner-user live/work setup, with business activity on the main level and private or semi-private use upstairs. It may also fit creative office, gallery, showroom, or other specialty business models that benefit from historic character and flexible room count across two floors. Buyers should independently verify zoning, permitted uses, square footage, and intended use with Montgomery County.
A rear stairwell leads to the second floor, which includes four separate rooms, a beautifully updated full bathroom, and additional space that can support a range of configurations. The property sits on approximately 0.14 acres along Frederick Road (MD Route 355), within Clarksburg’s historic commercial corridor. The offering also includes commuter exposure along one of the area’s most traveled routes and convenient access toward I-270 and surrounding destinations.
The layout is well suited for an owner-user live/work setup, with business activity on the main level and private or semi-private use upstairs. It may also fit creative office, gallery, showroom, or other specialty business models that benefit from historic character and flexible room count across two floors. Buyers should independently verify zoning, permitted uses, square footage, and intended use with Montgomery County.
Key Highlights
- Restored circa‑1900 commercial building with 2,868 SF across two levels (main level plus four separate second‑floor rooms).
- Original historic features on the main level, including hardwood floors, decorative pressed‑tin ceilings, and exposed timber beams.
- Main level layout includes open retail/office‑ready space with natural light and a convenient half bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,914
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,280
$1.3M
Cap Rate 7%
$941,629
$941.6K
Cap Rate 9%
$732,378
$732.4K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$100.5K $35.04/SF
− Vacancy
−$6.3K −$2.21/SF
EGI
$94.2K $32.83/SF
− OpEx
−$28.2K −$9.85/SF
NOI
$65.9K $22.98/SF
Area
Montgomery County, MD
Vacancy
6.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,280
Cap Rate 7%
$941,629
Cap Rate 9%
$732,378
Alternative Uses
Best Use
Retail
$941.6K
$823.9K – $1.10M
NOI $65,914 @ 7.0% cap · market cap 7.76%
Second Best
Mixed Use
$553.1K
$484.0K – $645.3K
NOI $38,718 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$1.01M
$882.8K – $1.18M
NOI $70,623 @ 7.0% cap · market cap 8.32%
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
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 20871, MD
28,557
Population
8,915
Households
3.2
Avg Household Size
36
Median Age
68%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,247
Density / Sq Mi
$177,120
Median Household Income
$81,360
Median Earnings
$2,312
Median Rent
$628,800
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
Frequently Asked Questions
What type of property is this?
Live-work space - Restored circa-1900 building with bright main-level retail space and flexible second-floor rooms, suited for owner-users.
Where is this live-work space located?
The property is located at 23341 Frederick Rd Clarksburg, MD.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Restored circa‑1900 commercial building with 2,868 SF across two levels (main level plus four separate second‑floor rooms).; Original historic features on the main level, including hardwood floors, decorative pressed‑tin ceilings, and exposed timber beams.; Main level layout includes open retail/office‑ready space with natural light and a convenient half bath.
