Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4603 Wedgewood Blvd Frederick, MD 21703

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    6,000 sq ft commercial building suitable for industrial or flex uses.

    Type:Commercial
    Property size:
    6,000 SF
    Lot size:
    1.10 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    164
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 4603 Wedgewood Blvd

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    1.10 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    ROBERT J KROP

    Listing agent ROBERT J KROP License #35299

    Listing office KELLER WILLIAMS REALTY CENTRE

    Listing date Nov 7, 2025

    Source Corcoran

    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

    Overview

    Versatile Commercial Building Near Interstates

    This 6,000 sq. ft. commercial building is located just off English Muffin Way. It features 25-foot ceilings, drive-in doors, and 12-inch reinforced concrete floors, making it suitable for a range of industrial or flex uses. The interior includes a welcoming lobby, multiple private offices, a breakroom, and a restroom, along with a large open warehouse. The property is located in a Light Industrial (LI) zoning district, offering flexibility for warehousing, distribution, light manufacturing. Its location near I-270 and I-70 provides regional access and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quicksilver Race Engines Industrial Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    • a.k.a. Friscos Catering — 4632 b wedgewood blvd, frederick, md 21703

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4251
    Latitude
    39.362

    Nearby Similar for Sale

    • $419,999

      Frederick Office Suite For Sale

      Street-level office suite with tax benefits and modern design.
      6550 MERCANTILE Drive E, FREDERICK, MD 21703
      View Details
    • $624,999

      Frederick Medical/Office Condo For Sale

      Professional medical/office condo in Frederick, ideal for owner-occupants or investors.
      100 TUSCANNY #5, FREDERICK, MD 21702
      View Details
    • $3,250,000

      Frederick Office/Medical Building For Sale

      10,600 SF office/medical building with onsite parking and natural light.
      195 THOMAS JOHNSON Drive, FREDERICK, MD 21702
      View Details
    • $789,900

      Downtown Frederick Office/Medical Space

      2,848 SF office/medical space in historic downtown Frederick.
      241 E 4TH Street, FREDERICK, MD 21701
      View Details
    • $631,250
      2,525 SF

      Downtown Frederick Office Space

      Unique office space in historic building with modern amenities.
      241 E 4th St #206, FREDERICK, MD 21701
      View Details
    • $1,500,000

      Leased Mixed-Use Frederick Property

      Income-producing property in a desirable, walkable downtown location.
      23-25-27 S MARKET ST, FREDERICK, MD 21701
      View Details
    • $3,250,000
      10,600 SF

      Freestanding Office/Medical Building For Sale

      10,600 SF office/medical building with parking and natural light.
      195 Thomas Johnson Dr, FREDERICK, MD 21702
      View Details
    • $545,000

      Downtown Frederick Commercial Opportunity

      Prime commercial property in downtown Frederick with versatile zoning.
      325 W 7th St, FREDERICK, MD 21701
      View Details
    • $599,900
      1,960 SF

      Downtown Frederick Multifamily Investment Opportunity

      Four-unit multifamily property in downtown Frederick with strong rental demand.
      209 Dill Avenue, Frederick, MD 21701
      View Details
    • $643,500
      1,974 SF

      Frederick Commercial Property For Sale

      Commercial property available in Frederick, Maryland.
      241 E 4th St #204a, Frederick, MD 21701
      View Details
    • $585,000
      1,013 SF

      Frederick Office Space For Rent

      Office space for rent in Frederick, Maryland.
      50 Carroll Creek Way, Frederick, MD
      View Details
    • $900,000
      3,087 SF

      Medical Office Condominium in Frederick

      Turnkey 3,087 SF medical office condo in Frederick, MD.
      6550 Mercantile Dr E, Frederick, MD 21703
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,000 sq ft commercial building suitable for industrial or flex uses.
    Where is this flex space located?
    The property is located at 4603 Wedgewood Blvd Frederick, MD.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Excellent regional access and visibility due to proximity to I‑270 and I‑70.; Highly sought‑after Light Industrial (LI) zoning allows for warehousing, distribution, and light manufacturing.; Impressive **6,000 sq. ft. commercial building** suitable for industrial or flex uses.
    (240) 309-6000
    We can help!
    Listing Contact
    ROBERT J KROP
    Real Estate License ID: 35299
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!