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    Property profile & analytics

    20944 Frederick Rd Germantown, MD 20876

    • Community centers
    • 100,166 SF
    • 10.76 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0050023
    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

    • Coinstar Kiosk / Bank / Credit Union
    • LibertyX Bitcoin ATM / Atm
    • First National Bank ATM / Atm
    • Neelsville Village Center / Shopping Center & Mall
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 20944 Frederick Rd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.76 lot acres
    Property size
    100,166 SF
    Zone code
    CRT2.
    Property type
    Community centers
    APN
    02-03052886
    APU
    203052886

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,066,000
      Market price range: $2.25M - $6.86M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,910,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Germantown
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.2475
    Latitude
    39.2032
    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
    $412,058
    $0.00
    $0.00
    $34,179,100
    -
    $9,558,000
    $25,400,700
    $34,958,700

    Comparable in this City

    • Value Estimation
      $2,920,000
      102,688 SF

      19651 Frederick Rd

      MINI-MALL • 102,688 SF
      19651 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
      $26,955,000
      165,298 SF

      20910 Frederick Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 165,298 SF
      20910 Frederick Rd, Germantown, MD 20876-4134
      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
      $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
      $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

    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
    • $449,900

      Germantown Specialty Property For Sale

      Specialty property available in Germantown, Maryland.
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      Specialty Property For Sale

      Specialty property available for purchase.
      12125 Songbird Ln, Germantown, MD 20876
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    • $4,100,000
      5,165,763 SF

      Agricultural Reserve Land with Building

      119.37 acres in Montgomery County's Agricultural Reserve.
      10715 Brink Rd, Germantown, MD 20876
      View Details
    • $739,000

      Specialty Property for Sale

      Specialty property available for sale.
      12222 Milestone Manor Ln, Germantown, MD 20876
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    • $360,000

      Spacious Condo with Attached Garage

      Bright, move-in ready 2-bedroom condo in Summerlin community.
      12701 Found Stone Rd, Germantown, MD 20876
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    Similar Nearby for Lease

    • Contact for pricing
      52,706 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
    • Contact for pricing
      1,641 SF

      Retail Space Near Milestone Center

      Retail space adjacent to Milestone Center with major retailers.
      20944 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
    • $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
      211,903 SF

      Seneca Meadows Retail Space For Lease

      Germantown, MD Retail Center - High-Income Area
      20600 Seneca Meadows Pkwy, Germantown, MD 20876
      View Details
    • $0.24 SF/Yr
      15,335 SF

      Regus Milestone Business Park Offices

      Germantown Office Suites: Flexible Options
      12410 Milestone Center Dr, Germantown, MD 20876
      View Details

    Property Visit Statistics

    • Visits by month
      95.1k
    • Visitors by month
      52.2k
    • Avg Time on site
      23 min
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    Germantown, MD 20876
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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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