Property profile

1020 Prince Frederick Blvd Prince Frederick, MD 20678

FOR SALE
Office buildings
Property ID
US40-1002496
606 SF 0.84 ac lot Built 2006
Entity Owned 26-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Business Management Consultant

Location

1020 Prince Frederick Blvd Prince Frederick, MD 20678
Prince Frederick metro Census 860701 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2000
5 recorded transactions
2018
Price N/A
2000
$600,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TC · Prince Frederick, MD

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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