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    141 Main St Prince Frederick, MD 20678

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    141 Main St Prince Frederick, MD 20678

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    • Office buildings
    • 7,824 SF
    • 0.55 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Main Street Medical Office Space For Lease
    $20 SF/Yr

    Main Street Medical Office Space

    Prince Frederick, MD Medical Office Suites Available

    Pr Frederick, MD 20678
    View Listing
    Property ID
    US40-1279672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 141 Main St

    Year built
    2005
    Lot size
    0.55 lot acres
    Property size
    7,824 SF
    Zone code
    TC
    Property type
    Office buildings
    APN
    02-008254
    APU
    2008254

    Description

    This exceptional medical office space, located at 141 Main Street in Prince Frederick, Maryland, offers two available suites ranging from 1,426 to 1,712 square feet. Situated in a Class B, three-story building constructed in 2005, the property boasts a total of 7,824 square feet and provides 30 parking spaces for tenants and visitors. One elevator services the building. The suites feature attractive layouts, including open space, private offices, a reception area, and an ADA-compliant bathroom. Two additional common area restrooms are also available. The building is conveniently located in the Town Center zoning district, just half a block from the Prince Frederick Courthouse and other government offices, and within a short drive of Calvert Memorial Hospital. The larger suite, previously used as a salon, is available for $3,210 per month. The building features multiple tenants. This prime location offers excellent visibility and accessibility, making it an ideal space for medical professionals seeking a well-appointed and conveniently located office. The property is zoned for Town Center use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,457,000
      Market price range: $1.31M - $2.46M
      AI Estimate
      $2,308,000
      Market price range: $1.15M - $2.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,750,000
      Current use
      WAREHOUSE, STORAGE
      $2,150,000
      Change: +23% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,925,000
      Change: +10% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prince Frederick
    County
    Calvert
    State
    Maryland
    Longitude
    -76.5843
    Latitude
    38.5394
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,616
    $0.00
    $0.00
    $1,599,200
    -
    $268,700
    $1,331,100
    $1,599,800

    Comparable in this City

    • Value Estimation
      $1,545,000
      5,064 SF

      130 Auto Dr

      OFFICE BUILDING • 5,064 SF
      130 Auto Dr, Prince Frederick, MD 20678-3900
      View Details
    • Value Estimation
      $4,610,000
      15,128 SF

      100 Harrow Ln

      OFFICE BUILDING • 15,128 SF
      100 Harrow Ln, Prince Frederick, MD 20678-4060
      View Details
    • Value Estimation
      $930,000
      3,636 SF

      140 Main St

      OFFICE BUILDING • 3,636 SF
      140 Main St, Prince Frederick, MD 20678-3384
      View Details
    • Value Estimation
      $580,000
      2,736 SF

      180 Main St

      OFFICE BUILDING • 2,736 SF
      180 Main St, Prince Frederick, MD 20678-4177
      View Details
    • Value Estimation
      $1,295,000
      5,451 SF

      162 Main St

      OFFICE BUILDING • 5,451 SF
      162 Main St, Prince Frederick, MD 20678
      View Details
    • Value Estimation
      $2,155,000
      9,368 SF

      110 Main St

      OFFICE BUILDING • 9,368 SF
      110 Main St, Prince Frederick, MD 20678
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Medical Office Condo For Sale

      Medical office condo across from Calvert Health Medical Center.
      125 Stoakley Rd, Prince Frederick, MD 20678
      View Details
    • $175,000

      Commercial Land For Sale

      Commercial land available for sale.
      145 Stafford Rd, Prince Frederick, MD 20678
      View Details
    • $1,200,000

      Usable Land in High-Traffic Area

      2.18 acres suitable for mixed-use development.
      185 Radio Dr, Prince Frederick, MD 20678
      View Details

    Similar Nearby for Lease

    • $5,590 /Mo

      Built-Out Office Building For Rent

      Two-story office building with private offices, kitchen, and elevator.
      493 Main St #101, Prince Frederick, MD 20678
      View Details
    • $1,550 /Mo

      Built-Out Office Building For Rent

      Two-story office building with flexible layout and separate utilities.
      493 Main St, Prince Frederick, MD 20678
      View Details
    • $31 SF/Yr

      Office Space For Rent

      Single tenant office space available for rent.
      89 Duke St, Prince Frederick, MD 20678
      View Details
    • $2,800 /Mo

      Prince Frederick Commercial Lease Opportunity

      Two-story commercial building in Prince Frederick's commerce district.
      45 Dares Beach Rd, Prince Frederick, MD 20678
      View Details
    • $3,100 /Mo

      Office/Warehouse Flex Space Available

      2136 SF office/warehouse flex space for lease.
      101 Skipjack Rd #2, Prince Frederick, MD 20678
      View Details
    View Listing
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    Prince Frederick, MD 20678
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    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
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    141 Main St, Prince Frederick, MD, 20678

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