Property profile

198 Thomas Johnson Dr 207 Frederick, MD 21701

FOR LEASE
Office buildings
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Property ID
US40-0804401
52,400 SF 3.07 ac Built 1977
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

Commercial property located in Frederick, Maryland, within the Thomas Johnson business corridor with access to Route 15. The site sits on approximately 3.07 acres and includes a large on-site parking lot. The building was previously operated as a bank and includes a drive-through configuration. Interior space is designed for ADA accessibility, featuring a main-level ramp, and includes central air conditioning. The property is suited for uses such as a financial institution, coffee shop,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$81k
Tax billed · 2023
Assessed value$4.42M
Assessed land$923k
Assessed improvement$3.50M
Effective rate1.82%

Value estimate

· Nov 2026
$7.94M
$7.15M – $8.73M
Submarket $/SF estimate$8.92M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$264/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$170 – $328

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 agency26.0
Wholesale Shop19.6
Law Firm15.3

Location

198 Thomas Johnson Dr, Unit 207 Frederick, MD 21701
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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
64 Thomas Johnson, Frederick, MD 21702-4734 $7,500,000 Jul 2023 59,700 SF
2070 Yellow Spgs, Frederick, MD 21702-2304 $1,820,000 Jun 2023 2,199 SF
140 Thomas Johnson, Frederick, MD 21702-4475 $8,000,000 Feb 2022 19,650 SF
45 Thomas Johnson, Frederick, MD 21702-4425 $12,479,000 Jun 2019 57,232 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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