Office Unit with High
New
For Sale
Contact for pricing
3390 URBANA PIKE SUITE 3, Frederick, MD 21704
Architectural plans are complete, and the owner will work with a tenant on a county change of use.
Property Size3,582 SF
Price / SF$0.22
Days on Market4
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 3390 URBANA PIKE SUITE 3
General Information
Standard status
Active
Size
3,582 SF
Property subtype
Commercial
Space & Availability
Floor
2nd
Furnished
No
Additional Details
Office Units
1
Amenities
high ceilings
natural light
Building Details
Year Built
1875
Buildings
1
Tenancy
Multi
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Michael Kurtianyk · License #523250
(301) 401-0039
Source:
Cummingsrealtors
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:42AM
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 Mackintosh, Inc.
Investment Insights
Based on property information with market context.
This second-floor office unit is in a building constructed in 1875 and measures 3,582 square feet. Its interior is unfinished, with high ceilings and natural light. The current permitted use is storage; architectural drawings have been completed, and the owner is willing to work with a tenant to pursue a change of use with the County.
The building sits on a lot of nearly half an acre and has a dedicated parking area. Four offices are available on the second floor, including this unit.
The building sits on a lot of nearly half an acre and has a dedicated parking area. Four offices are available on the second floor, including this unit.
Key Highlights
- 3,582‑square‑foot second‑floor office unit
- Current permitted use is storage; owner will work with a tenant on a county change of use
- Architectural drawings completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,624
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,480
$1.3M
Cap Rate 7%
$937,486
$937.5K
Cap Rate 9%
$729,156
$729.2K
Market Conditions
NOI Build-Up for 3,582 SF
Gross rent
$110.9K $30.96/SF
− Vacancy
−$23.4K −$6.53/SF
EGI
$87.5K $24.43/SF
− OpEx
−$21.9K −$6.11/SF
NOI
$65.6K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,480
Cap Rate 7%
$937,486
Cap Rate 9%
$729,156
Alternative Uses
Best Use
Office B
$937.5K
$820.3K – $1.09M
NOI $65,624 @ 7.0% cap · market cap 8,203.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,911 @ 7.0% cap · market cap 11,613.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 21704, MD
19,275
Population
6,230
Households
3.1
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
26.6 sq mi
ZIP Area
725
Density / Sq Mi
$164,457
Median Household Income
$82,145
Median Earnings
$2,395
Median Rent
$585,900
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?
Office units - Architectural plans are complete, and the owner will work with a tenant on a county change of use.
Where is this office units located?
The property is located at 3390 URBANA PIKE SUITE 3 Frederick, MD.
What are key features of this property?
This property features: 3,582‑square‑foot second‑floor office unit; Current permitted use is storage; owner will work with a tenant on a county change of use; Architectural drawings completed
