Sign Up Successful!
You now have access to more from Realmo!
    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

    1020 Prince Frederick Blvd Prince Frederick, MD 20678

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Town Center location, 9-tenant office building.

    Property size:
    10,000 SF

    Property Features for 1020 Prince Frederick Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    36,590 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    3
    Units
    7

    We can help!

    Listing Contact
    Lillian M Mattingly
    Lillian M Mattingly

    Listing Agency: Calvert Commercial Real Estate, Inc. Listing Agent: Lillian M Mattingly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a three-story, 10,000-square-foot Class B office building situated on a 0.84-acre lot in the heart of Prince Frederick's Town Center. The property, built in 2006, features seven units currently occupied by nine tenants under a Net Lease agreement, offering a stable income stream. The net rentable area totals 6,400 square feet, with an asking price of $1,900,000, translating to $190 per square foot. The average rent per square foot is $16. The building boasts nicely finished professional offices, along with some unfinished space providing potential for future development or customization. Basement storage is also available, adding to the property's versatility. Convenient city water and sewer services are connected, and ample dedicated parking spaces are provided for tenants and visitors. The property is zoned for Town Center Office use, ensuring flexibility and potential for various commercial applications. This fee-simple ownership opportunity offers a strong return on investment in a thriving Maryland community. The property's address is 1020 N Prince Frederick Blvd, Prince Frederick, MD 20678, with APN 02-085615.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prince Frederick
    County
    Calvert
    State
    Maryland
    Longitude
    -76.6041285
    Latitude
    38.557774

    Nearby Similar for Sale

    • $370,000

      Prince Frederick Townhome with Finished Levels

      Three-level townhome with new roof, entertaining spaces, and modern features.
      419 Cambridge Pl, Prince Frederick, MD 20678
      View Details
    • Contact for pricing
      21,532 SF

      Medical Office Condo For Sale

      Medical office condo across from Calvert Health Medical Center.
      125 Stoakley Rd, Prince Frederick, MD 20678
      View Details
    • $185,000

      Turnkey Daycare Business Opportunity

      Established daycare center, licensed for 40 children, ready for operation.
      270 Bugeye Sq, Prince Frederick, MD 20678
      View Details
    • $1,900,000

      Professional Office Building For Sale

      Fully leased professional office building near hospital, shopping, and restaurants.
      1020 Prince Frederick Blvd, Prince Frederick, MD 20678
      View Details
    • $385,000

      Prince Frederick Specialty Property

      Specialty property available for sale in Prince Frederick, MD.
      362 Cambridge Pl, Prince Frederick, MD 20678
      View Details
    • $545,000

      Prince Frederick Specialty Property

      Specialty property available for sale in Prince Frederick, MD.
      1719 Lottie Fowler Rd, Prince Frederick, MD 20678
      View Details
    • $554,000

      Oliver Drive Specialty Property

      Specialty property available for sale on Oliver Drive.
      2180 Oliver Dr, Prince Frederick, MD 20678
      View Details
    • $370,000

      Prince Frederick Specialty Property

      Specialty property available for sale in Prince Frederick, MD.
      103 Westlake Blvd, Prince Frederick, MD 20678
      View Details
    • $329,000

      Prince Frederick Specialty Property For Sale

      Specialty property available for purchase in Prince Frederick, Maryland.
      2920 Dares Beach Rd, Prince Frederick, MD 20678
      View Details
    • $549,900

      Prince Frederick Specialty Property For Sale

      Specialty property available for purchase in Prince Frederick, Maryland.
      605 Barstow Rd, Prince Frederick, MD 20678
      View Details
    • $1,500,000

      Prince Frederick Specialty Property

      Specialty property available for sale in Prince Frederick, Maryland.
      2045 Mount Pleasant Way, Prince Frederick, MD 20678
      View Details
    • $420,000

      Prince Frederick Specialty Property

      Specialty property for sale in Prince Frederick, Maryland.
      592 Burr Oak Ct, Prince Frederick, MD 20678
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Town Center location, 9-tenant office building.
    Where is this retail property located?
    The property is located at 1020 Prince Frederick Blvd Prince Frederick, MD.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 2006 Construction; Nicely finished professional offices; Unfinished space available for future development
    (410) 535-0022 Call to check price and availability
    Request Owner's contact information
    1020 Prince Frederick Blvd Prince Frederick, MD 20678
    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.
    1020 Prince Frederick Blvd
    Prince Frederick, MD 20678
    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
    1020 Prince Frederick Blvd Prince Frederick, MD 20678
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lillian M Mattingly
    Lillian M Mattingly
    Real Estate License ID: 610227
    (410) 535-0022
    Learn more
    Google sign-in failed. Please try again or use another login method.