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    2790 Washington St Adamstown, MD 21710

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    2790 Washington St Adamstown, MD 21710

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    Property Details for 2790 Washington St

    Property type
    Office properties & Spaces

    Description

    Exceptional opportunity to acquire a charming Victorian-era building located at 2790 Washington St, Adamstown, MD 21710. This property, previously used as a church, offers versatile potential for various business ventures or storage needs. Its prime location in the heart of Adamstown, Frederick County, ensures convenient access to downtown amenities and major transportation routes, providing easy commuting for employees, customers, and vendors. The building boasts immaculate pews and an altar, along with a beautiful brick bell tower, adding to its unique character. The property is currently undergoing improvements, with the addition of on-site restroom facilities. Its proximity to Baltimore and Washington D.C. further enhances its appeal. This presents a unique investment opportunity for those seeking a distinctive property with flexible usage potential. Special financing options are available, including 0% down and monthly payments under $1,400 for qualified buyers, with rates potentially as low as 4.68%. Don't miss this chance to own a piece of Adamstown's history and capitalize on its strategic location. The building's square footage is currently being determined. The asking price is $174,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Adamstown
    County
    24021
    State
    Maryland
    Longitude
    -77.475
    Latitude
    39.3105

    Comparable in this City

    • Value Estimation
      $885,000
      2,108 SF

      4039 Tuscarora Rd

      OFFICE BUILDING • 2,108 SF
      4039 Tuscarora Rd, Adamstown, MD 21710
      View Details
    • Value Estimation
      $34,615,000
      82,480 SF

      4440 Buckeystown Pike, Unit 4440

      OFFICE BUILDING • 82,480 SF
      4440 Buckeystown Pike, Adamstown, MD 21710-7543
      View Details
    • Value Estimation
      $3,110,000
      7,416 SF

      B Buckeystown Pike

      OFFICE BUILDING • 7,416 SF
      B Buckeystown Pike, Adamstown, MD 21710
      View Details
    • Value Estimation
      $25,200,000
      149,800 SF

      4510 Buckeystown Pike

      INDUSTRIAL LOFT BUILDING • 149,800 SF
      4510 Buckeystown Pike, Adamstown, MD 21710-7537
      View Details
    • Value Estimation by Request
      262.63 Acres

      2216 Ballenger Crk Pike

      INDUSTRIAL (GENERAL) • 262.63 Acres
      2216 Ballenger Crk Pike, Adamstown, MD 21710
      View Details
    • Value Estimation by Request
      1,102 SF

      5549 Mountville Rd

      CONVENIENCE STORE • 1,102 SF
      5549 Mountville Rd, Adamstown, MD 21710-9621
      View Details

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      Renovated Building Near Green Hill

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      Adamstown Road Commercial Property

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    • $99,990

      Adamstown Church: Prime Commercial Space

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      2790 Washington St, Adamstown, MD 21710
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    Adamstown, MD 21710
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    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
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    2790 Washington St, Adamstown, MD, 21710

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