Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    165 Thomas Johnson Dr Frederick, MD 21702-4742

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    165 Thomas Johnson Dr Frederick, MD 21702-4742

    View on Map
    • Medical Office Space
    • 0.49 lot acres
    Off-Market
    Last Sale Nov 3, 2021
    $8,077,150
    Property ID
    US40-1830379
    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
    $10,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shady Grove Fertility in Frederick, MD / Medical Clinic
    • gi wellness center of frederick / Medical Clinic
    • Jason G. Bromer, M.D. / Medical Clinic
    • Halim Charbel M.D. Gastroenterologist, Frederick / Physician
    • The Silhouette Clinic. Weight Loss Clinic. / Weight Loss Service / Endoscopist

    Property Details for 165 Thomas Johnson Dr

    Year built
    2014
    Lot size
    0.49 lot acres
    Zone code
    PB
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    02-589633
    APU
    2589633

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,885,000
      ML approach
      $12,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.407
    Latitude
    39.4418
    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
    $79,071
    $1,450,700
    $2,945,400
    $4,396,100
    -
    $1,450,700
    $2,945,400
    $4,396,100

    Comparable in this City

    • Value Estimation
      $700,000
      8,494 SF

      81 Thomas Johnson Ct

      MEDICAL BUILDING • 8,494 SF
      81 Thomas Johnson Ct, Frederick, MD 21702-4674
      View Details
    • Value Estimation
      $7,595,000
      48,600 SF

      1560 Opossumtown Pike

      MEDICAL BUILDING • 48,600 SF
      1560 Opossumtown Pike, Frederick, MD 21702-4337
      View Details
    • Value Estimation
      $3,750,000
      25,000 SF

      194 Thomas Johnson Dr

      MEDICAL BUILDING • 25,000 SF
      194 Thomas Johnson Dr, Frederick, MD 21702-4679
      View Details
    • Value Estimation
      $1,600,000
      10,165 SF

      197 Thomas Johnson Dr

      MEDICAL BUILDING • 10,165 SF
      197 Thomas Johnson Dr, Frederick, MD 21702-4314
      View Details
    • Value Estimation
      $720,000
      8,760 SF

      74 Thomas Johnson Dr

      MEDICAL BUILDING • 8,760 SF
      74 Thomas Johnson Dr, Frederick, MD 21702-4501
      View Details
    • Value Estimation
      $1,740,000
      35,000 SF

      110 Baughmans Ln

      MEDICAL BUILDING • 35,000 SF
      110 Baughmans Ln, Frederick, MD 21702-4059
      View Details

    Similar Nearby for Sale

    • $624,999
      Pending

      Frederick Medical/Office Condo For Sale

      Professional medical/office condo in Frederick, ideal for owner-occupants or investors.
      100 Tuscanny Dr, Frederick, MD 21702
      View Details
    • $3,950,000
      20,000 SF

      Free-Standing 2-Story Medical Building For Sale

      Free-Standing 2-Story Medical Building For Sale
      46 B Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $3,250,000

      Freestanding Office/Medical Building For Sale

      10,600 SF office/medical building with parking and natural light.
      195 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $3,250,000
      10,600 SF

      Frederick Office/Medical Building For Sale

      10,600 SF office/medical building with onsite parking and natural light.
      195 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $3,250,000

      Freestanding Office/Medical Building For Sale

      10,600 SF office/medical building with on-site parking and natural light.
      195 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $339,900
      2,089 SF

      Downtown Frederick Office Condo

      Historic District, 2,089 sq ft Office
      129-7 Patrick St, Frederick, MD 21702
      View Details

    Similar Nearby for Lease

    • $650 /Mo

      Medical Space For Lease

      Medical space available for lease in Frederick, Maryland.
      286 Montevue Ln, Frederick, MD 21702
      View Details
    • Contact for pricing

      Frederick Office Space For Rent

      Office spaces ranging from 400 to 3,000 square feet.
      172-174 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $16 SF/Yr
      2,117 SF

      Medical Office Space Available

      Office space near Frederick Memorial Hospital and retail.
      141 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $650 /Mo

      Medical Office Space For Rent

      Medical office space available for rent, utilities included.
      286 Montevue Ln, Frederick, MD 21702
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      685
    • Avg Time on site
      18 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    165 Thomas Johnson Dr
    Frederick, MD 21702-4742
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    165 Thomas Johnson Dr, Frederick, MD, 21702

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!