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Property profile & analytics
OFF-MARKET Estimated value $7,310,000
Office buildings

140 Thomas Johnson Dr Frederick, MD 21702-4475

19,650 SF 2.25 ac lot Built 2008
Entity Owned 4-yr Hold Free & Clear
Property ID
US40-1413453
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Construction WOOD
Total area 19,650 SF
Lot 2.25 ac (98,010 SF)
Zoning code PB
APN 02-181355
UPID US40-1413453
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
Current use
Occupant on record · Public records
  • DaVita Frederick At Home Medical Clinic
  • Muneeb S. Malik, MD Physician Medical Clinic
  • Dr. Tanuja Mishra, MD Physician Medical Clinic
  • William H. Johnson, MD Physician Medical Clinic
  • Stephanie Comer-Concordia Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.30M
CAP Approach CAP
$5.91M
Comparable Approach Comparable
$5.68M
Blend (final) Blend
$7.31M
Owner & transaction history
Creekside Medical Properties LLC · 4 yrs held
Creekside Medical Properties LLC
since 2022
Last sale
$8.0M
7 recorded transactions
2022
$8.0M
2019
Price N/A
2006
Price N/A
2006
$475,000
2001
$165,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PB (Professional Business) The purpose of this zone is to provide land for office, medical office and research and development with retail and service uses as secondary uses only. The intent of this designation is to preserve high quality future office lands primarily for office uses. Secondary uses should serve the businesses and employees in the office are…

Zone name Professional Business
General category COMMERCIAL
Zone area 338.36 ac
Source ARTICLE 4 - ZONING
Top alternative use upside
Restaurant $6.1M +18.4%
Retail stores $5.5M +5.8%
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