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    205 Frederick Rd Thurmont, MD 21788
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    205 Frederick Rd Thurmont, MD 21788

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    • Turn key restaurants
    • 4,140 SF
    • 0.94 lot acres
    For Lease
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    Retail/Restaurant Space Near US 15 For Lease
    Contact for pricing
    18,000 SF

    Retail/Restaurant Space Near US 15

    Freestanding building for lease in Thurmont, Maryland.

    205 Frederick Rd, Thurmont, MD 21788
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    Property ID
    US40-0452197
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 205 Frederick Rd

    Year built
    1985
    Construction
    BRICK
    Lot size
    0.94 lot acres
    Property size
    4,140 SF
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    15-354801
    APU
    15354801

    Description

    This exceptional 18,000 square foot freestanding retail and restaurant building presents a unique opportunity in the thriving Thurmont, Maryland community. Located directly across from a Weis grocery store, this property boasts unparalleled visibility and convenient access from US 15 via the Thurmont Boulevard interchange. The single-story building sits on a 3-acre lot and offers ample parking with 95 spaces. Currently, there are three suites available, with a minimum divisible space of 2,430 square feet and a maximum contiguous space of 6,300 square feet. A significant 12,906 square feet is currently vacant, providing flexibility for a variety of uses. The property is zoned GB (General Business) within Frederick County, allowing for diverse redevelopment options. The owner is open to considering a wide range of tenants and redevelopment proposals, making this an ideal location for established businesses or new ventures seeking high-traffic exposure in a growing market. Located approximately 17 miles north of Frederick, this property offers a strategic location for businesses seeking to tap into a strong regional customer base. The substantial lot size and existing infrastructure provide ample room for expansion or modification to suit specific tenant needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thurmont
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4205
    Latitude
    39.6125
    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
    $10,289
    $321,100
    $318,400
    $639,500
    -
    $321,100
    $318,400
    $639,500

    Comparable in this City

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      $975,000
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      143 Frederick Rd

      RESTAURANT • 10,522 SF
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    • Value Estimation by Request
      2,474 SF

      17 Water St

      RESTAURANT • 2,474 SF
      17 Water St, Thurmont, MD 21788-1913
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    • Value Estimation
      $615,000
      3,117 SF

      1 Thurmont Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,117 SF
      1 Thurmont Blvd, Thurmont, MD 21788-2000
      View Details
    • Value Estimation by Request
      3,899 SF

      427 Church St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,899 SF
      427 Church St, Thurmont, MD 21788-1644
      View Details
    • Value Estimation
      $585,000
      3,240 SF

      303 Tippin Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,240 SF
      303 Tippin Dr, Thurmont, MD 21788-3213
      View Details
    • Value Estimation by Request
      3,043 SF

      203 Frederick Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,043 SF
      203 Frederick Rd, Thurmont, MD 21788-1847
      View Details

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      28.51 acres with development potential in Thurmont, Maryland.
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    Thurmont, MD 21788
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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.

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