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    Prince Frederick Professional Office Space Title is generated by Realmo AI

    301 STEEPLE CHASE Dr 108, Prince Frederick, MD 20678

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    For Lease
    $2,000/Mo $20 SF/Yr (calc)

    Move-in ready office space in a thriving Prince Frederick community.

    Type:Commercial
    Property size:
    1,200 SF
    Added:
    May 14, 2026
    Days on Market:
    14
    Last Refresh:
    May 14 at 9:35 pm

    Property Features for 301 STEEPLE CHASE Dr 108

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Scott Cleary

    Listing agent Scott Cleary License #651187

    Listing office RE/MAX ONE

    Listing date May 14, 2026

    Source Elliman

    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 RE/MAX ONE

    HighLights

    • Move‑in‑ready professional space suitable for medical or general office use.
    • Located in the heart of Prince Frederick with easy access to Route 4.
    • 1200 square feet with three private offices and a large waiting room convertible to a fourth office.
    • Medical‑ready infrastructure ideal for healthcare providers.
    • Dedicated breakroom with full‑sized refrigerator and generous cabinet space.
    • Clean, professional aesthetic suitable for various business types.

    Overview

    Located in the Fox Run Professional Center in Prince Frederick, this 1,200-square-foot professional space at 301 Steeple Chase Dr., Suite 108, offers convenient access to Route 4. The suite features a clean, professional image with ground-level entry. Currently home to Calvert Family Medicine, the interior includes a large waiting room that can be converted into a fourth office to suit tenant needs. The suite is laid out with three private offices designed for patient care or professional consultations. It also features a dedicated breakroom with a full-sized refrigerator and generous cabinet space, as well as updated restrooms. The existing infrastructure makes it suitable for specialized healthcare providers, but the clean, professional aesthetic is also suited for law firms, accounting practices, real estate, insurance agencies, private counseling, therapy offices, or administrative headquarters for small businesses. This is a move-in-ready solution for businesses looking to grow in a thriving community.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 940 Costley Way, Prince Frederick, MD 20678

    Location Insight

    • Map
    • Local Demand
    City
    Prince Frederick
    County
    Calvert
    State
    Maryland
    Longitude
    -76.592418
    Latitude
    38.55054

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready office space in a thriving Prince Frederick community.
    Where is this medical office space located?
    The property is located at 301 STEEPLE CHASE Dr 108 Prince Frederick, MD.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Move‑in‑ready professional space suitable for medical or general office use.; Located in the heart of Prince Frederick with easy access to Route 4.; **1200 square feet with three private offices and a large waiting room convertible to a fourth office.**
    (301) 367-4738
    We can help!
    Listing Contact
    Scott Cleary
    Real Estate License ID: 651187
    Learn More
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    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
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