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    23318 Frederick Rd Clarksburg, MD 20871
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    23318 Frederick Rd Clarksburg, MD 20871

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    • Commercial real estate
    • 0.59 lot acres
    For Sale
    $950,000
    View Listing →
    Clarksburg Commercial Development Land For Sale
    $950,000

    Clarksburg Commercial Development Land

    Prime 0.59-acre lot, high visibility.

    23318 Frederick Rd, Clarksburg, MD 20871
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 23318 Frederick Rd

    Year built
    1909
    Lot size
    0.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.59-acre commercial development lot presents a unique investment opportunity in the thriving Clarksburg, MD market. Boasting 136 feet of frontage along Route 355, this property offers unparalleled visibility and accessibility for any commercial venture. The lot is zoned CRT (Commercial Residential Town), allowing for a diverse range of development possibilities. A key advantage is the already established water and sewer access at the street, significantly reducing infrastructure development costs and expediting the construction process. With a maximum Floor Area Ratio (FAR) of 0.5, developers have ample flexibility in designing their projects. The property's location along a major thoroughfare ensures high traffic volume and excellent exposure to potential customers. This is an ideal site for businesses seeking a prominent location with convenient access to a growing community. The combination of prime location, favorable zoning, and readily available utilities makes this a truly exceptional opportunity for developers seeking a high-impact commercial project. Don't miss this chance to acquire a strategically positioned lot with significant potential for future growth and return on investment. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarksburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2795
    Latitude
    39.2381

    Comparable in this City

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    • Value Estimation by Request
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      23219 Stringtown Rd

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    • Value Estimation
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      23217 Stringtown Rd

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    • Value Estimation by Request
      2.05 Acres

      12840 St Clair Rd

      COMMERCIAL (GENERAL) • 2.05 Acres
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    • Value Estimation
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      23233 Stringtown Rd

      COMMERCIAL CONDOMINUIM • 1,250 SF
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    • Value Estimation by Request
      946 SF

      23207 Stringtown Rd

      COMMERCIAL CONDOMINUIM • 946 SF
      23207 Stringtown Rd, Clarksburg, MD 20871-9363
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    Similar Nearby for Sale

    • $950,000
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      Clarksburg Commercial Development Land

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      23318 Frederick Rd, Clarksburg, MD 20871
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    • $550,000
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      0.65-acre lot near I-270, Clarksburg Town Center, and outlets.
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    Similar Nearby for Lease

    • $800 /Mo

      Professional Office Suite in Clarksburg

      Affordable office space with convenient access and on-site parking.
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      Clarksburg Warehouse Space Available

      60,680 sq ft warehouse space for lease.
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      Route 355 Frontage Retail/Office

      Retail or office space with building signage on Route 355.
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      Office Space For Rent

      Office space available for lease in Clarksburg, Maryland.
      23310 Frederick Rd, Clarksburg, MD 20871
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    • Contact for pricing
      4,291 SF

      Clarksburg Office Space For Lease

      Office space available for lease in Clarksburg, Maryland.
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    • Contact for pricing
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      Retail Space Near I-270

      Retail space with direct access to I-270 and Rt 355.
      23203-23213 Stringtown Rd, Clarksburg, MD 20871
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    Clarksburg, MD 20871
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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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    23318 Frederick Rd, Clarksburg, MD, 20871
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