Technical
Financial
Distress signals
Property profile

1 Wormans Ml Ct Frederick, MD 21701

OFF-MARKET
Industrial properties
Property ID
US40-0896288
1,603 SF 0.04 ac lot Built 1989
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,767 square foot flex space, encompassing units 12 and 13 at 1 Wormans Mill Ct in Frederick, Maryland, presents a rare opportunity. The property is zoned MI and offers a single-tenant occupancy, ideal for a variety of businesses. Features include one loading dock and one drive-in door, catering to efficient logistics. Its strategic location within the Clemson Corner lifestyle center, just south of a new Wegmans and Lowe's, ensures high visibility and accessibility. The property benefits from its proximity to a new Super Walmart-anchored shopping center and enjoys frontage on Route 355, off Route 26, providing excellent exposure to a high-traffic area. This hard-to-find industrial mixed-use condo building is situated in a highly desirable area, surrounded by new townhomes, a health center, and national retailers, making it an attractive investment for businesses seeking a blend of retail, office, and industrial functionality. The property's versatile nature, combined with its prime location and convenient amenities, makes it an exceptional opportunity for businesses seeking a strategic foothold in a thriving market. The property type is classified as Retail, Office, and Industrial.

Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 1989
Total area 1,603 SF
Lot 0.04 ac (1,603 SF)
Zoning code M1
APN 02-170949
UPID US40-0896288

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Gym & Fitness Center
  • Electronics & Wireless Store Big Box & Wholesale Store
  • Alternative Medicine Practice
  • Charitable Organization Social Service Agency

Location

1 Wormans Ml Ct Frederick, MD 21701-3022
Frederick metro Census 750801 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2021
Last sale
$254,300
1 recorded transaction
2021
$254,300

Zoning & alternative use

M1 · Frederick, MD
Zoning description

not able to meet the criteria applicable in the M1 districts. General retail and residential uses are not appropriate for this zone. MO (Manufacturing/ Office) The M/O district is intended to provide a park-like setting…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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