Financial
Distress signals
Property profile

187 Thomas Johnson Dr Frederick, MD 21702

FOR LEASE
Medical Office Space
Property ID
US40-1126359
14,444 SF 1.05 ac lot Built 1985
Last sale Oct 2017 · $2,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$49k
Tax billed · 2023
Assessed value$2.69M
Assessed land$314k
Assessed improvement$2.38M
Effective rate1.81%

Value estimate

· Sep 2026
$1.04M
$936k – $1.14M
NOI build-up
Gross scheduled income$155k
Vacancy & credit loss−$33k
Operating expenses−$31k
NOI · 578,301.77% cap applied$92k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
578,301.77%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GC
A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided th...
General categoryCOMMERCIAL
JurisdictionFREDERICK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.7
Law Firm18.8
Wholesale Shop18.7

Location

187 Thomas Johnson Dr Frederick, MD 21702
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
82 Thomas Johnson, Frederick, MD 21702-4348 $1,607,500 Jan 2025 5,995 SF
130 Thomas Johnson, Frederick, MD 21702-4419 $2,800,000 Dec 2022 12,988 SF
195 Thomas Johnson, Frederick, MD 21702-5156 $2,355,000 Mar 2022 10,873 SF
71 Thomas Johnson, Frederick, MD 21702-4301 $1,975,000 Sep 2020 8,152 SF
52 Thomas Johnson, Frederick, MD 21702-4501 $1,650,000 Jun 2019 7,237 SF
194 Thomas Johnson, Frederick, MD 21702-4679 $5,889,000 Jun 2019 25,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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