Retail and Office Business
For Sale
$2,500,000
3535 Urbana Pike, Frederick, MD 21704
Business and retail suites with strong signage on Urbana Pike near easy access to I-270 and backing to the Village of Urbana.
Property Size5,878 SF
Price / SF$425.31
Days on Market95
Property Features for 3535 Urbana Pike
General Information
Standard status
Active
Size
5,878 SF
Zoning
Village Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty Centre
Listed By:
Robert J Krop · License #35299
(301) 524-2887
Source:
Kableteam
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 4:05PM
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 Keller Williams Realty Centre
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering features professional business and retail suites at 3535 Urbana Pike in Frederick, Maryland. The property is set up for flexible occupancy within Village Commercial zoning, which allows for a large number of uses. Signage is positioned directly on Urbana Pike for street-facing visibility.
The location provides convenient access to I-270 and sits right off MD-355, supporting straightforward customer and client access. The property also backs to the Villages of Urbana.
For buyers evaluating multi-use commercial space, this configuration combines business and retail suite options with frontage signage on Urbana Pike and zoning flexibility under the Village Commercial designation.
The location provides convenient access to I-270 and sits right off MD-355, supporting straightforward customer and client access. The property also backs to the Villages of Urbana.
For buyers evaluating multi-use commercial space, this configuration combines business and retail suite options with frontage signage on Urbana Pike and zoning flexibility under the Village Commercial designation.
Key Highlights
- Business and retail suites near Urbana Pike (US‑355) with strong signage on 355
- Professional Business and Retail suites in Urbana with convenient access to I‑270
- Property backs to the Villages of Urbana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,688
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,153,760
$2.2M
Cap Rate 7%
$1,538,400
$1.5M
Cap Rate 9%
$1,196,533
$1.2M
Market Conditions
NOI Build-Up for 5,878 SF
Gross rent
$182.0K $30.96/SF
− Vacancy
−$38.4K −$6.53/SF
EGI
$143.6K $24.43/SF
− OpEx
−$35.9K −$6.11/SF
NOI
$107.7K $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%
$2,153,760
Cap Rate 7%
$1,538,400
Cap Rate 9%
$1,196,533
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.79M
NOI $107,688 @ 7.0% cap · market cap 4.31%
Second Best
Retail
$914.7K
$800.3K – $1.07M
NOI $64,027 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,466 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
661
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Business and retail suites with strong signage on Urbana Pike near easy access to I-270 and backing to the Village of Urbana.
Where is this office unit located?
The property is located at 3535 Urbana Pike Frederick, MD.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Business and retail suites near Urbana Pike (US‑355) with strong signage on 355; Professional Business and Retail suites in Urbana with convenient access to I‑270; Property backs to the Villages of Urbana
