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    Property profile & analytics

    20910 Frederick Rd Germantown, MD 20876-4134

    • Outlet malls
    • 165,298 SF
    • 15.32 lot acres
    OFF-MARKET
    Value Estimations
    $26,955,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0772469
    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

    • Walmart Photo Center / (Bike/Boat/Book/etc) Store
    • Nguyen Thao T OD / Physician
    • Walmart Vision & Glasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Stickle Chimney Care / General Contractor / Renovation Specialist
    • Walmart Money Center / Bank / Credit Union

    Property Details for 20910 Frederick Rd

    Year built
    1996
    Construction
    BRICK
    Lot size
    15.32 lot acres
    Property size
    165,298 SF
    Zone code
    CRT07
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    02-03107893
    APU
    203107893

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2518
    Latitude
    39.1985
    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
    2022
    $280,475
    $0.00
    $0.00
    $21,487,100
    -
    $12,012,100
    $12,448,200
    $24,460,300

    Comparable in this City

    • Value Estimation
      $4,770,000
      20,398 SF

      Frederick Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 20,398 SF
      Frederick Rd, Germantown, MD 20876
      View Details
    • Value Estimation
      $5,585,000
      25,158 SF

      Rdg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 25,158 SF
      Rdg Rd, Germantown, MD 20876
      View Details
    • Value Estimation
      $21,425,000
      124,296 SF

      Frederick Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 124,296 SF
      Frederick Rd, Germantown, MD 20876
      View Details
    • Value Estimation
      $18,790,000
      114,405 SF

      21010 Frederick Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 114,405 SF
      21010 Frederick Rd, Germantown, MD 20876-4132
      View Details
    • Value Estimation
      $1,185,000
      20,046 SF

      19800 Frederick Rd

      SHOPPING CENTER, STRIP CENTER • 20,046 SF
      19800 Frederick Rd, Germantown, MD 20876
      View Details
    • Value Estimation
      $5,065,000
      100,166 SF

      20944 Frederick Rd

      MINI-MALL • 100,166 SF
      20944 Frederick Rd, Germantown, MD 20876-4101
      View Details

    Similar Nearby for Sale

    • $1,850,000
      1.07 Acres

      Germantown Commercial Investment Opportunity

      High-visibility commercial property with tenant, expansion potential, and long-term income.
      19609 Frederick Rd, Germantown, MD 20876
      View Details
    • $1,850,000

      High-Visibility Commercial Property For Sale

      Commercial property on 1.07 acres with tenant in place.
      19609 Frederick Rd, Germantown, MD 20876
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    • $180,000

      Profitable Cantonese Restaurant for Sale

      Established restaurant with high monthly income in a popular shopping center.
      11542 Middlebrook Rd, Germantown, MD 20876
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    • $4,100,000

      Agricultural Reserve Land with Building

      119.37 acres in Montgomery County's Agricultural Reserve.
      10715 Brink Rd, Germantown, MD 20876
      View Details
    • $6,500,000

      Restaurant and Land in Germantown

      Restaurant on 1.026 acres with outdoor dining.
      19201 Frederick Rd, Germantown, MD 20876
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,473 SF

      Germantown Retail Anchor Space Available

      115,203 SF neighborhood center with anchor space available for lease.
      19651 Frederick Rd, Germantown, MD 20876
      View Details
    • $60 SF/Yr
      2,000 SF

      Retail Spaces in Germantown Center

      Retail spaces available in neighborhood center with high traffic.
      11514-11530 Middlebrook Rd, Germantown, MD 20876
      View Details
    • Contact for pricing

      Retail Space Near Milestone Center

      Retail space adjacent to Milestone Center with major retailers.
      20944 Frederick Rd, Germantown, MD 20876
      View Details
    • $20,000 /Mo
      44,867 SF

      Germantown Retail Space For Lease

      Highly visible commercial building with unbeatable exposure and ample parking.
      19201 Frederick Rd, Germantown, MD 20876
      View Details
    • Contact for pricing

      Germantown Retail Space with Drive-Thru

      Former bank branch with drive-thru on a corner lot.
      19501 N Frederick Rd, Germantown, MD 20876
      View Details

    Property Visit Statistics

    • Visits by month
      316.2k
    • Visitors by month
      184.8k
    • Avg Time on site
      36 min
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    Germantown, MD 20876-4134
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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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