Retail and Automotive
For Sale
$2,400,000
7415 Grove Rd, Frederick, MD 21704
Multi-use retail/auto property with access from Route 70 and Route 355, near major retailers including Lowe’s.
Property Size14,131 SF
Price / SF$169.84
Days on Market95
Property Features for 7415 Grove Rd
General Information
Standard status
Active
Size
14,131 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1966
Listing Agency:
Avenue Real Estate
Listed By:
Ross M Conn · License #633650
(301) 275-5509
Source:
Selltheshore
Added: Jul 20
Changed: Oct 10
Last Checked: Oct 7 at 1:18PM
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 Avenue Real Estate
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Investment Insights
Based on property information with market context.
This for-sale commercial property is described as suitable for multiple uses, including retail and automotive, with its mix of retail space and auto-shop/automotive property categorization. The offering highlights strong area convenience and straightforward access, supported in the remarks by connections to Route 70 and Route 355.
The property is located next to FSK Mall, and it is surrounded by major retail activity. Adjacent and nearby retailers cited include Lowe’s, Walmart, Costco, and OneLife Fitness. The remarks also note the Brickworks development is about 2 miles away, with a Whole Foods mentioned as part of that project.
Overall, the asset is positioned for tenant demand that benefits from retail adjacency and convenient regional roadway access based on the routes called out in the provided information.
The property is located next to FSK Mall, and it is surrounded by major retail activity. Adjacent and nearby retailers cited include Lowe’s, Walmart, Costco, and OneLife Fitness. The remarks also note the Brickworks development is about 2 miles away, with a Whole Foods mentioned as part of that project.
Overall, the asset is positioned for tenant demand that benefits from retail adjacency and convenient regional roadway access based on the routes called out in the provided information.
Key Highlights
- Multi‑use retail/auto property built in 1966
- Access from Route 70 and Route 355
- Adjacent to Lowe’s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,925
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,078,500
$3.1M
Cap Rate 7%
$2,198,929
$2.2M
Cap Rate 9%
$1,710,278
$1.7M
Market Conditions
NOI Build-Up for 14,131 SF
Gross rent
$225.5K $15.96/SF
− Vacancy
−$5.6K −$0.40/SF
EGI
$219.9K $15.56/SF
− OpEx
−$66.0K −$4.67/SF
NOI
$153.9K $10.89/SF
Area
Frederick County, MD
Vacancy
2.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,078,500
Cap Rate 7%
$2,198,929
Cap Rate 9%
$1,710,278
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.57M
NOI $153,925 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$1.56M
$1.36M – $1.82M
NOI $109,161 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$5.24M
$4.58M – $6.11M
NOI $366,535 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
726k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Shops & Services 27%
Dining 20%
Apparel 9%
Walmart
Superstores
151,849 visits/mo
0.4 miles
Sam's Club
Superstores
89,184 visits/mo
0.5 miles
Kohl's
Apparel
62,576 visits/mo
0.5 miles
Sheetz
Shops & Services
54,559 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
39,076 visits/mo
0.2 miles
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 Retail in South region
Similar Off Market Nearby
- Sears Auto Center — 5500 buckeystown pike, frederick, md 21703
- Complete Auto Repair — 2, frederick, md 21704
- Shell — 5498 Buckeystown Pike, Frederick, MD 21704
- Mas auto repair — 5608 Buckeystown Pike, Frederick, MD 21704
- Foreign Auto Excellence Inc — 5589 Spectrum Dr, Frederick, MD 21703
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-use retail/auto property with access from Route 70 and Route 355, near major retailers including Lowe’s.
Where is this auto shop located?
The property is located at 7415 Grove Rd Frederick, MD.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Multi‑use retail/auto property built in 1966; Access from Route 70 and Route 355; Adjacent to Lowe’s
