Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Flexible Retail/Studio Space Available Title is generated by Realmo AI

    24 Solomons Island Rd. S, Prince Frederick, MD 20678

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Open layout suitable for fitness, retail, studio, or services.

    Type:Retail
    Added:
    May 22, 2026
    Days on Market:
    7
    Last Refresh:
    May 27 at 7:52 am

    Property Features for 24 Solomons Island Rd. S

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 24 Solomons Island Rd. S Contact us

    We can help!

    Listing Contact
    Lillian Mattingly
    Lillian Mattingly

    Listing agent Lillian Mattingly License #MD 610227

    Listing office Calvert Commercial Real Estate Inc

    Listing date May 22, 2026

    Source Crexi

    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 Calvert Commercial Real Estate Inc

    HighLights

    • Open and flexible layout suitable for various uses.
    • Ample shared parking.
    • Convenient access from nearby residential neighborhoods.
    • Ideal location for small businesses.
    • Formerly a yoga studio.
    • Studio space available.

    Overview

    This property, formerly a yoga studio, features an open and flexible layout suitable for a variety of uses, including fitness, retail, studio space, or professional services. It benefits from ample shared parking and convenient access from nearby residential neighborhoods, making it a suitable location for small businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prince Frederick
    County
    Calvert
    State
    Maryland
    Longitude
    -76.5865104
    Latitude
    38.5365651

    Nearby Similar for Lease

    • $2,000/Mo
      1,200 SF

      Prince Frederick Professional Office Space

      Move-in ready office space in a thriving Prince Frederick community.
      301 STEEPLE CHASE Dr 108, Prince Frederick, MD 20678
      View Details
    • $1,550/Mo
      1,100 SF

      Built-Out Office Space Available

      Two-story office building with flexible layout and separate utilities.
      493 MAIN St, Prince Frederick, MD 20678
      View Details
    • $2,000/Mo
      1,200 SF

      Prince Frederick Professional Office Space

      Move-in ready office space in a thriving community.
      301 Steeple Chase Dr #108, PRINCE FREDERICK, MD 20678
      View Details
    • $2,800/Mo

      Prince Frederick Commercial Lease Opportunity

      Two-story commercial building in Prince Frederick's commerce district.
      45 DARES BEACH Rd, Prince Frederick, MD 20678
      View Details
    • $2,600/Mo

      Turn Key Office Space

      Well-equipped office space in downtown Prince Frederick, Maryland.
      89 DUKE St, Prince Frederick, MD 20678
      View Details
    • $3 SF/Yr
      1,068 SF

      Raw Garage Space For Rent

      1068 SF raw garage space in Prince Frederick, MD.
      101 SKIPJACK Rd 9, Prince Frederick, MD 20678
      View Details
    • $3,100/Mo
      2,136 SF

      Office/Warehouse Flex Space Available

      2136 SF office/warehouse flex space for lease.
      101 Skipjack Rd #2 & 7, PRINCE FREDERICK, MD 20678
      View Details
    • $2,800/Mo

      Prince Frederick Commercial Lease Opportunity

      Two-story commercial building in Prince Frederick's commerce district.
      45 Dares Beach Rd, PRINCE FREDERICK, MD 20678
      View Details
    • $12 SF/Yr

      Medical Office Space Available

      Former oral surgeon office, ideal for dental or medical practice.
      N PRINCE FREDERICK Blvd 104, Prince Frederick, MD 20678
      View Details
    • $1,550/Mo
      4,400 SF

      Built-Out Office Building For Rent

      Two-story office building with flexible layout and separate utilities.
      493 Main St, PRINCE FREDERICK, MD 20678
      View Details
    • $31 SF/Yr

      Office Space For Rent

      Single tenant office space available for rent.
      89 Duke St, Prince Frederick, MD 20678
      View Details
    • Contact for pricing

      Versatile Warehouse Units For Lease

      Small warehouse units with flexible layouts and convenient regional access.
      141 & 151 Schooner Ln, Prince Frederick, MD 20678
      View Details

    FAQs

    What type of property is this?
    Retail space - Open layout suitable for fitness, retail, studio, or services.
    Where is this retail space located?
    The property is located at 24 Solomons Island Rd. S Prince Frederick, MD.
    What are key features of this property?
    This property features: Open and flexible layout suitable for various uses.; Ample shared parking.; Convenient access from nearby residential neighborhoods.
    (410) 535-0022 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lillian Mattingly
    Lillian Mattingly
    Real Estate License ID: MD 610227
    Learn More
    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
    24 Solomons Island Rd. S, Prince Frederick, MD
    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!