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    Property profile & analytics

    186 Thomas Johnson Dr, Unit 1B Frederick, MD 21702-4305

    • Office Properties & Spaces
    • 1,581 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Mar 21, 2022
    $280,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1118359
    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

    • Nationwide Insurance: James P Barger Agency Inc / Insurance Company / Life Insurance Agency
    • Dr. Robert W. Nagle / Psychologist
    • Melanie Sholtis, Psy.D. / Psychologist
    • Moleton Sales Associates / Consultant
    • Yang Acupuncture Clinic / Acupuncture Clinic

    Property Details for 186 Thomas Johnson Dr

    Year built
    1983
    Lot size
    0.11 lot acres
    Property size
    1,581 SF
    Zone code
    PB
    Property type
    Office Properties & Spaces
    APN
    02-136139
    APU
    2136139

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $269k - $519k
      AI Estimate
      $327,000
      Market price range: $183k - $465k

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4061
    Latitude
    39.4399
    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
    $5,156
    $93,800
    $190,700
    $284,500
    -
    $93,800
    $190,700
    $284,500

    Comparable in this City

    • Value Estimation
      $270,000
      540 SF

      176 Thomas Johnson Dr, Unit 5CL

      CONDOMINIUM OFFICES • 540 SF
      176 Thomas Johnson Dr, Frederick, MD 21702-4410
      View Details
    • Value Estimation
      $500,000
      11,259 SF

      61 Thomas Johnson Dr, Unit 1

      CONDOMINIUM OFFICES • 11,259 SF
      61 Thomas Johnson Dr, Frederick, MD 21702-4301
      View Details
    • Value Estimation by Request
      1,874 SF

      107 Kearney Ct

      CONDOMINIUM OFFICES • 1,874 SF
      107 Kearney Ct, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      2,407 SF

      100 Old Farm Dr, Unit B

      CONDOMINIUM OFFICES • 2,407 SF
      100 Old Farm Dr, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      2,307 SF

      2100 Old Farm Dr E E Ste

      CONDOMINIUM OFFICES • 2,307 SF
      2100 Old Farm Dr E E Ste, Frederick, MD 21702-5401
      View Details
    • Value Estimation by Request
      2,500 SF

      100 Tuscanny Dr, Unit 1

      CONDOMINIUM OFFICES • 2,500 SF
      100 Tuscanny Dr, Frederick, MD 21702-5958
      View Details

    Similar Nearby for Sale

    • $2,750,000
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      Baltimore Pike Commercial Complex

      Multi-building retail & warehouse opportunity
      6905 Baltimore National Pike, Frederick, MD 21702
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    • $339,900
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      Downtown Frederick Office Condo

      Historic District, 2,089 sq ft Office
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    • New
      $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
    • 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
      View Details
    • $479,000

      Luxury Medical Office Ready

      Renovated medical office with luxury finishes and reserved parking.
      75 Thomas Johnson Dr #Suite, Frederick, MD 21702
      View Details
    • $624,999

      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

    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
      View Details
    • 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
      View Details
    • Contact for pricing
      2,452 SF

      Frederick Office Space Available

      Office space available for rent in Frederick, Maryland.
      130 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $18 SF/Yr
      7,844 SF

      Thomas Johnson Drive Office Space

      7,844± SF of professional office space for lease.
      70 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $16 SF/Yr
      3,488 SF

      Medical Office Space Available

      Second-generation physician's office with excellent visibility and ample parking.
      201 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $2,167 /Mo

      Ambers Professional Center Office Space

      Office space available at Ambers Professional Center in Frederick.
      186 Thomas Johnson Dr Suite 202, Frederick, MD 21702
      View Details
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    Frederick, MD 21702-4305
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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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