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Property profile & analytics
FOR LEASE
Medical Office Space

187 Thomas Johnson Dr Frederick, MD 21702

14,444 SF 1.05 ac lot Built 1985
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US40-1126359
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Construction BRICK
Total area 14,444 SF
Lot 1.05 ac (45,738 SF)
Zoning code GC
APN 02-137356
UPID US40-1126359
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
  • Dr. Scott Worrell Physician
  • WellSpan Parkway Neurology - Frederick Medical Clinic
  • Mid-Maryland Internal Medicine Physician
  • Ms. Kasey Rigby Physician
  • Dr. Joseph Holobinko Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.04M
Owner & transaction history
Ros Bones LLC · 8 yrs held
Ros Bones LLC
since 2017
1 recorded transaction
2017
$2.8M
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall residential dwellings in an MXE development include single family homes, townhouses, or duplexes. The multi-family residential element of the co…

Zone name General Commercial
General category COMMERCIAL
Zone area 1,213.15 ac
Source ARTICLE 4 - ZONING
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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