Restored Downtown
New
For Sale
$1,450,000
51 CARROLL CREEK WAY, Frederick, MD 21701
The two-level property includes five private parking spaces and a kitchen on the main entry level.
Property Size2,226 SF
Days on Market3
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Property Features for 51 CARROLL CREEK WAY
General Information
Standard status
Active
Size
2,226 SF
Total Parking Spaces
5
Property subtype
MixedUse
Zoning
DB
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$5,962
Building Details
Building Size
2,226 SF
Year Built
1800
Listing Agency:
Samson Properties
Listed By:
Melanie A Cooley · License #590216
(240) 285-6425
Source:
Barnesrealestatecompany
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:55PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This restored, two-level storefront measures 2,226 square feet and retains hardwood flooring made from mixed oak species. The main entry level has a kitchen and a full bathroom with ADA accommodations; a second full bathroom is on the upper level. A restored elevator remains in place for decorative use. Building improvements include the foundation, walls, framing, doors, windows, roof, electrical, plumbing, sprinklers, sewer, and HVAC systems. Electrical service is 400-amp single phase, with two interior circuit panels on the stairwell landings.
The property is zoned DB for downtown commercial/residential use and includes five private parking spaces. It is located steps from Carroll Creek, Market Street, Patrick Street, and the C. Burr Artz Public Library.
The property is zoned DB for downtown commercial/residential use and includes five private parking spaces. It is located steps from Carroll Creek, Market Street, Patrick Street, and the C. Burr Artz Public Library.
Key Highlights
- 2,226‑square‑foot storefront with two levels
- DB zoning for downtown commercial/residential use
- Five private parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,739
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,780
$1.2M
Cap Rate 7%
$824,843
$824.8K
Cap Rate 9%
$641,544
$641.5K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$78.0K $35.04/SF
− Vacancy
−$1.0K −$0.46/SF
EGI
$77.0K $34.58/SF
− OpEx
−$19.2K −$8.65/SF
NOI
$57.7K $25.94/SF
Area
Frederick County, MD
Vacancy
1.30%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,780
Cap Rate 7%
$824,843
Cap Rate 9%
$641,544
Alternative Uses
Best Use
Specialty Retail
$824.8K
$721.7K – $962.3K
NOI $57,739 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$346.4K
$303.1K – $404.1K
NOI $24,247 @ 7.0% cap · market cap 1.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,024
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Groceries 16%
Shops & Services 8%
Apparel 6%
Shuckin' Shack Oyster Bar
Dining
7,560 visits/mo
0.0 miles
The Spice & Tea Exchange
Groceries
1,728 visits/mo
0.1 miles
M&T Bank
Shops & Services
910 visits/mo
0.1 miles
Talbots
Apparel
666 visits/mo
0.4 miles
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Freesia and Vine FAV Flowers — 218 W Patrick St, Frederick, MD 21701
- The Frederick Floral Bar — 27 S Market St, Frederick, MD 21701
- Katy's Flower Wagon — @ Vintage MC, 24 E Patrick St, Frederick, MD 21701
- Oaxaca Florist — 629 N Bentz St, Frederick, MD 21701
Frequently Asked Questions
What type of property is this?
Storefront property - The two-level property includes five private parking spaces and a kitchen on the main entry level.
Where is this storefront property located?
The property is located at 51 CARROLL CREEK WAY Frederick, MD.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,226‑square‑foot storefront with two levels; DB zoning for downtown commercial/residential use; Five private parking spaces
