Versatile Commercial Property on Baltimore
For Sale
Contact for pricing
Pending
6905 Baltimore National Pike, Frederick, MD 21702
Spacious mixed-use property with showroom and warehouse space for sale.
Property Size12,351 SF
Days on Market1092
Property Features for 6905 Baltimore National Pike
General Information
Standard status
Pending
Size
12,351 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Building Details
Year Built
1963
Listing Agency:
VCRE.CO
Listed By:
Amos Martin · License #MD 663407
(240) 367-9600
Source:
Crexi
Added: Sep 8, 2023
Changed: Jul 6
Last Checked: Jul 24 at 10:43AM
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 VCRE.CO
Investment Insights
Based on property information with market context.
The commercial property at 6905 Baltimore National Pike offers 12,351 square feet of space across three buildings and is available for sale. The main storefront is currently used as a showroom, providing ample space for retail or other business purposes. The warehouse facility includes five drive-in entrances and a loading dock, facilitating logistics and storage. The property's location provides access to Route 40 and connecting roads, offering visibility and accessibility in a high-traffic area.
Key Highlights
- Prime commercial location with easy access to Route 40 and connecting roads.
- Expansive 12,351 sq ft property across three buildings.
- Warehouse facility with five drive‑in entrances and a loading dock.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$134,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,690,720
$2.7M
Cap Rate 7%
$1,921,943
$1.9M
Cap Rate 9%
$1,494,844
$1.5M
Market Conditions
NOI Build-Up for 12,351 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$197.1K $15.96/SF
− Vacancy
−$4.9K −$0.40/SF
EGI
$192.2K $15.56/SF
− OpEx
−$57.7K −$4.67/SF
NOI
$134.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,690,720
Cap Rate 7%
$1,921,943
Cap Rate 9%
$1,494,844
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,277 @ 7.0% cap · market cap 10.06%
Second Best
Retail
$1.92M
$1.68M – $2.24M
NOI $134,536 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$4.58M
$4.00M – $5.34M
NOI $320,365 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 21702, MD
46,412
Population
18,677
Households
2.5
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
41.7 sq mi
ZIP Area
1,113
Density / Sq Mi
$104,659
Median Household Income
$55,937
Median Earnings
$1,722
Median Rent
$384,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Spacious mixed-use property with showroom and warehouse space for sale.
Where is this mixed-use property located?
The property is located at 6905 Baltimore National Pike Frederick, MD.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime commercial location with easy access to Route 40 and connecting roads.; Expansive **12,351 sq ft property across three buildings**.; Warehouse facility with five drive‑in entrances and a loading dock.**
