Retail Space with 25-Space
For Sale
Contact for pricing
7415 Grove Rd, Frederick, MD 21704
Retail property on a 1-acre lot with 25 on-site parking spaces near FSK Mall and major route access.
Property Size11,000 SF
Lot Size1.00 Acre
Price / SF$218.18
Days on Market282
Property Features for 7415 Grove Rd
General Information
Standard status
Active
Size
11,000 SF
Total Parking Spaces
25
Lot size
1.00 Acre
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Avenue Real Estate, LLC
(410) 342-5263
Listed By:
Ross Conn · License #633650
(301) 275-5509
Source:
Moodyscre
Added: Jan 13
Changed: Oct 13
Last Checked: Oct 21 at 12:15AM
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, LLC
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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.
Retail property for sale at 7415 Grove Rd in Frederick, MD, situated on a 1-acre lot. The offering includes on-site parking for 25 spaces and approximately 11,000 square feet of retail space.
The site is positioned next to the FSK Mall and is described as having easy accessibility from major routes including 270, 70, and 355. Public remarks also note it is about 2 miles from a new Whole Foods location expected to open, supporting draw from the surrounding retail environment.
This configuration may be well suited for tenants seeking a retail setting with dedicated parking and convenient regional access in the Frederick market.
The site is positioned next to the FSK Mall and is described as having easy accessibility from major routes including 270, 70, and 355. Public remarks also note it is about 2 miles from a new Whole Foods location expected to open, supporting draw from the surrounding retail environment.
This configuration may be well suited for tenants seeking a retail setting with dedicated parking and convenient regional access in the Frederick market.
Key Highlights
- Retail property on a 1‑acre lot near FSK Mall
- On‑site parking for 25 vehicles
- Easy access to major routes 270, 70, and 355
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,820
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,396,400
$2.4M
Cap Rate 7%
$1,711,714
$1.7M
Cap Rate 9%
$1,331,333
$1.3M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$175.6K $15.96/SF
− Vacancy
−$4.4K −$0.40/SF
EGI
$171.2K $15.56/SF
− OpEx
−$51.4K −$4.67/SF
NOI
$119.8K $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%
$2,396,400
Cap Rate 7%
$1,711,714
Cap Rate 9%
$1,331,333
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,820 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.08M
$3.57M – $4.76M
NOI $285,322 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
726k
Monthly Visits Nearby
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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View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property on a 1-acre lot with 25 on-site parking spaces near FSK Mall and major route access.
Where is this retail space 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: Retail property on a 1‑acre lot near FSK Mall; On‑site parking for 25 vehicles; Easy access to major routes 270, 70, and 355
