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    OFF-MARKET
    Office buildings

    1020 Prince Frederick Blvd, Prince Frederick, MD 20678-3932

    606 SF 0.84 ac lot Built 2006
    Entity Owned 26-yr Hold ~ Est. High Equity
    Property ID
    US40-1002496
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a three-story, 10,000-square-foot Class B office building situated on a 0.84-acre lot in the heart of Prince Frederick's Town Center. The property, built in 2006, features seven units currently occupied by nine tenants under a Net Lease agreement, offering a stable income stream. The net rentable area totals 6,400 square feet, with an asking price of $1,900,000, translating to $190 per square foot. The average rent per square foot is $16. The building boasts nicely finished professional offices, along with some unfinished space providing potential for future development or customization. Basement storage is also available, adding to the property's versatility. Convenient city water and sewer services are connected, and ample dedicated parking spaces are provided for tenants and visitors. The property is zoned for Town Center Office use, ensuring flexibility and potential for various commercial applications. This fee-simple ownership opportunity offers a strong return on investment in a thriving Maryland community. The property's address is 1020 N Prince Frederick Blvd, Prince Frederick, MD 20678, with APN 02-085615.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2006
    Total area 606 SF
    Lot 0.84 ac (36,760 SF)
    Zoning code TC
    APN 02-085615
    UPID US40-1002496
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Jlh Group LLC · 26 yrs held
    Jlh Group LLC
    since 2000
    5 recorded transactions
    2018
    2000
    $600,000
    1969
    1969
    1969
    Zoning & alternative use
    TC · Prince Frederick, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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