Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Sandy Spri Sandy Spring Ln Thurmont, MD 21788

    • Multifamily properties
    • 3.75 lot acres
    For Sale
    View listing
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multifamily properties

    Property Details for Sandy Spri Sandy Spring Ln

    Lot size
    3.75 lot acres
    Property type
    Multifamily properties

    Description

    This exceptional 3.75-acre parcel, identified as Parcel 2068, presents a remarkable opportunity for multi-family development in the desirable Thurmont, MD area. Zoned R-2, this raw land allows for the construction of single-family dwellings on 8,000 square foot lots, each requiring a 70-foot width with 10-foot side setbacks and 30-foot rear setbacks. Building height is capped at 30 feet. The property's zoning offers significant potential, with the possibility of special exceptions for uses such as daycare centers or nursing homes, expanding the development options considerably. This presents a unique chance to create a thriving residential community or explore alternative uses within the permitted zoning allowances. The property's size and zoning flexibility make it an attractive investment for developers seeking a prime location in a growing area. The seller is open to negotiating terms, making this an even more compelling opportunity for serious buyers. Detailed zoning regulations and development guidelines are readily available upon request. This is a rare chance to acquire a substantial parcel of land with significant development potential in a highly sought-after location. Act quickly to secure this exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thurmont
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4114
    Latitude
    39.6311

    Comparable in this City

    • Value Estimation
      $260,000
      0.33 Acres

      Main St

      INDUSTRIAL (GENERAL) • 0.33 Acres
      Main St, Thurmont, MD 21788
      View Details
    • Value Estimation by Request
      0.60 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.60 Acres
      Main St, Thurmont, MD 21788
      View Details
    • Value Estimation
      $275,000
      0.02 Acres

      Water St

      COMMERCIAL (GENERAL) • 0.02 Acres
      Water St, Thurmont, MD 21788
      View Details
    • Value Estimation
      $265,000
      0.53 Acres

      Boundary St

      COMMERCIAL (GENERAL) • 0.53 Acres
      Boundary St, Thurmont, MD 21788
      View Details
    • Value Estimation
      $245,000
      0.23 Acres

      Apples Church Rd

      INDUSTRIAL (GENERAL) • 0.23 Acres
      Apples Church Rd, Thurmont, MD 21788
      View Details
    • Value Estimation
      $285,000
      1,280 SF

      8634 Blacks Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,280 SF
      8634 Blacks Ml Rd, Thurmont, MD 21788-2423
      View Details

    Similar Nearby for Sale

    • $500,000
      3.75 Acres

      Thurmont Multi-Family Development Land

      3.75 Acres, R-2 Zoning, Prime Location
      Sandy Spri Sandy Spring Ln, Thurmont, MD 21788
      View Details
    • $399,900
      0.19 Acres

      Thurmont Multi-Family Investment Opportunity

      Two homes and eight garages with strong rental potential.
      18-20 Water St, Thurmont, MD 21788
      View Details
    • $259,900
      1,230 SF

      Residential Property in Thurmont, MD

      Residential property with 1230 square feet in Thurmont, Maryland.
      15 Rouzer Ct, Thurmont, MD 21788
      View Details
    • Contact for pricing
      6.55 Acres

      229 Tippin Dr, Thurmont, MD 21788

      Retail properties • 6.55 Acres
      229 Tippin Dr, Thurmont, MD 21788
      View Details
    • $395,000

      Thurmont Specialty Property For Sale

      Specialty property available for purchase in Thurmont, Maryland.
      1 Tacoma St, Thurmont, MD 21788
      View Details
    • $349,900

      Thurmont Specialty Property For Sale

      Specialty property available for purchase in Thurmont, Maryland.
      9 Easy St, Thurmont, MD 21788
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Retail Space on Main Street

      Retail units available for lease in vibrant Thurmont area.
      11 E Main St, Thurmont, MD 21788
      View Details
    • Contact for pricing
      33,555 SF

      Thurmont Plaza Retail Center

      Prime Thurmont retail space, multiple units available.
      224 Church St, Thurmont, MD 21788
      View Details
    • $3,000 /Mo

      Land Lease in Thurmont, MD

      Land lease available for retail or office use.
      229 Tippin Dr, Thurmont, MD 21788
      View Details
    • $15 SF/Yr

      Retail Space on Main Street

      Available retail space in vibrant Thurmont location for lease.
      9 E Main St, Thurmont, MD 21788
      View Details
    • Contact for pricing
      18,000 SF

      Prime Thurmont Retail Space

      Freestanding building, 3 suites available, high visibility.
      205 Frederick Rd, Thurmont, MD 21788
      View Details
    • $2.00 SF/Yr

      Flexible Commercial Space in Thurmont

      2,700 SF space ideal for retail, studio, or office.
      202 E Main St, Thurmont, MD 21788
      View Details
    Request Owner's contact information
    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.
    Sandy Spri Sandy Spring Ln
    Thurmont, MD 21788
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.