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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Frederick Md Frederick, MD 21701

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Frederick Md

    Property type
    Retail properties

    Description

    Renn Farm offers exceptional retail leasing opportunities in Frederick County, Maryland. This mixed-use development, situated along Monocacy Boulevard, provides convenient access between I-70 and Route 26 (Liberty Road). Currently, five retail spaces are available, ranging from 121,968 square feet to 372,004 square feet, presenting a unique chance to establish a significant presence in a rapidly growing area. The development includes outparcels available for ground lease and proposed retail space for lease. Renn Farm's strategic location is projected to see a substantial increase in traffic, reaching an estimated 30,000 vehicles per day once fully developed. This high-traffic volume, coupled with the addition of 1,050 residential units (single-family, multi-family, and townhomes) within the development, ensures a robust and captive customer base for prospective tenants. The scale of the available spaces allows for a variety of retail concepts, from large-format stores to smaller boutique shops. This is an unparalleled opportunity to secure a prominent position in a thriving community with exceptional visibility and accessibility. Inquire today to learn more about these exceptional retail leasing opportunities at Renn Farm.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.3669
    Latitude
    39.4242

    Comparable in this City

    • Value Estimation by Request
      753,560 SF

      Broadband Dr At Progress Dr & Gas House Pike At Monocacy Blvd

      Life science properties • 753,560 SF
      0 Broadband Dr At Progress Dr & Gas House Pike At Monocacy Blvd, Frederick, MD 21701
      View Details
    • Value Estimation
      $10,285,000
      67,400 SF

      1301 Patrick St Sts

      DEPARTMENT STORE • 67,400 SF
      1301 Patrick St Sts, Frederick, MD 21701-3159
      View Details
    • Value Estimation by Request
      10,800 SF

      141 Patrick St

      Retail properties • 10,800 SF
      141 Patrick St, Frederick, MD 21701
      View Details
    • Value Estimation by Request
      1,360 SF

      6079 Spring Ridge Pkwy

      Lifestyle centers • 1,360 SF
      6079 Spring Ridge Pkwy, Frederick, MD 21701
      View Details
    • Value Estimation
      $20,090,000
      74,370 SF

      1011 Patrick-thru 1065th St

      DEPARTMENT STORE • 74,370 SF
      1011 Patrick-thru 1065th St, Frederick, MD 21701
      View Details
    • Value Estimation by Request
      0.00 Acres

      Nn Alye

      RESIDENTIAL PARKING GARAGE • 0.00 Acres
      Nn Alye, Frederick, MD 21701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,761 SF

      Downtown Frederick Retail Center

      High-Yield Retail Investment, 100% Occupied
      500 Patrick St, Frederick, MD 21701
      View Details
    • $5,250,000
      25,586 SF

      Historic Building in Frederick Area

      25,586 SF building with development rights in Frederick, MD.
      12-16 W Patrick St, Frederick, MD 21701
      View Details
    • $1,300,000

      Historic Mixed-Use Complex For Sale

      Mixed-use complex in Hub and Opportunity Zone with unlimited potential.
      37-39 E South St, Frederick, MD 21701
      View Details
    • Contact for pricing
      11,804 SF

      Retail Center Space Available

      Retail space for sale in North Frederick.
      1800 Monocacy Blvd, Frederick, MD 21701
      View Details
    • Contact for pricing
      1,255 SF

      Retail Space in Affluent Area

      Built-out nail salon space available immediately in Frederick, MD.
      6070 Spring Ridge Pkwy, Frederick, MD 21701
      View Details
    • $424,000

      Historic Brick Shell with Potential

      Historic brick shell offering unmatched flexibility for various uses.
      155 W Patrick St, Frederick, MD 21701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,165 SF

      Frederick Medical Office Suite A

      1,549 SF Medical Office Space Available
      197 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • Contact for pricing
      33,429 SF

      Riverview Plaza Retail Space For Lease

      Frederick, MD: Prime Retail Opportunity
      5425 Urbana Pike, Frederick, MD 21701
      View Details
    • $15 SF/Yr
      4,767 SF

      Frederick Industrial Condo Units 12 & 13

      4,767 SF Flex Space, Prime Frederick Location
      1 Wormans Mill Ct, Frederick, MD 21701
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Frederick, Maryland.
      5316 New Design Rd, Frederick, MD 21701
      View Details
    • Contact for pricing
      1,041,031 SF

      Renn Farm Retail Spaces Available

      Prime Frederick County retail space, multiple units.
      0 Frederick Md, Frederick, MD 21701
      View Details
    • Contact for pricing
      8,000 SF

      Retail Building Build-to-Suit Opportunity

      Retail building with flexible site design and highway access.
      107 Storage Way, Frederick, MD 21701
      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.
    Frederick Md
    Frederick, MD 21701
    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.