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

    170 Thomas Johnson Dr, Unit 10C Frederick, MD 21702-4354

    • Office Properties & Spaces
    • 1,549 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1342002
    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.

    Current Use by Public Records

    • Dr. Clark Pinson / Psychologist
    • Planned Parenthood - Frederick Health Center / Reproductive Health Clinic / Birth Control Center
    • L. Brigida Hunter MD / Allergist / Doctor
    • Michael Gibson / Chiropractor
    • Enhanced Beauty of Frederick / Permanent Make-Up Clinic

    Property Details for 170 Thomas Johnson Dr

    Lot size
    0.04 lot acres
    Property size
    1,549 SF
    Zone code
    PB
    Property type
    Office Properties & Spaces
    APN
    02-220024
    APU
    2220024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4057
    Latitude
    39.4422
    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
    $4,019
    $92,000
    $129,200
    $221,200
    -
    $92,000
    $129,200
    $221,200

    Comparable in this City

    • Value Estimation by Request
      331 SF

      85 Thomas Johnson Cte1

      CONDOMINIUM OFFICES • 331 SF
      85 Thomas Johnson Cte1, Frederick, MD 21702-4331
      View Details
    • Value Estimation
      $1,130,000
      4,092 SF

      97 Thomas Johnson Dr Ste, Unit 101

      CONDOMINIUM OFFICES • 4,092 SF
      97 Thomas Johnson Dr Ste, Frederick, MD 21702-4379
      View Details
    • Value Estimation
      $905,000
      3,056 SF

      85 Thomas Johnson Ct

      CONDOMINIUM OFFICES • 3,056 SF
      85 Thomas Johnson Ct, Frederick, MD 21702-4331
      View Details
    • Value Estimation by Request
      20,000 SF

      46b Thomas Johnson Dr

      Medical offices • 20,000 SF
      46b Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      2,961 SF

      100 Old Farm Dr, Unit C

      CONDOMINIUM OFFICES • 2,961 SF
      100 Old Farm Dr, Frederick, MD 21702
      View Details
    • Value Estimation
      $15,950,000
      50,085 SF

      161 Thomas Johnson Dr

      CONDOMINIUM OFFICES • 50,085 SF
      161 Thomas Johnson Dr, Frederick, MD 21702-4314
      View Details

    Similar Nearby for Sale

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    • $3,250,000
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      Frederick Office/Medical Building For Sale

      10,600 SF office/medical building with onsite parking and natural light.
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    • $3,950,000
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      Free-Standing 2-Story Medical Building For Sale

      Free-Standing 2-Story Medical Building For Sale
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    • Contact for pricing
      654 SF

      Elevatored Office Building on Thomas Johnson

      Three-level condo offices ranging from 654 SF to 7,751 SF.
      57 Thomas Johnson Dr, Frederick, MD 21702
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    • $479,000

      Luxury Medical Office Ready

      Renovated medical office with luxury finishes and reserved parking.
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    Similar Nearby for Lease

    • $16 SF/Yr
      3,135 SF

      Ambers Professional Center Suites

      Frederick County Executive Office Space
      172-174 Thomas Johnson Dr, Frederick, MD 21702
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    • $16 SF/Yr
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      Medical Office Space Available

      Office space near Frederick Memorial Hospital and retail.
      141 Thomas Johnson Dr, Frederick, MD 21702
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    • Contact for pricing
      4,234 SF

      Professional Office Space Available

      First floor office space with existing build-out and at-grade entrance.
      7420 Hayward Rd, Frederick, MD 21702
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    • $12 SF/Yr

      Frederick Medical/Dental Office Space

      Medical/dental office space in Frederick with utilities included.
      110 Baughmans Ln, Frederick, MD 21702
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    • $3,950,000
      10,000 SF

      Medical Office Space For Lease

      10,000 SF medical office space available for lease.
      46 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • Contact for pricing
      3,479 SF

      Medical/Professional Office Space Available

      Two-story medical and professional office building near Route 15.
      1050 Key Pkwy, Frederick, MD 21702
      View Details
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    Frederick, MD 21702-4354
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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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