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    2132 Jefferson Pike Knoxville, MD 21758
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    Property profile & analytics

    2132 Jefferson Pike Knoxville, MD 21758

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    • Mixed-use properties
    • 18,000 SF
    Off-Market
    Property ID
    US40-0678231
    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

    • Mixed-use properties

    Property Details for 2132 Jefferson Pike

    Year built
    1966
    Property size
    18,000 SF
    Property type
    Mixed-use properties
    Property subtype
    Apartment buildings

    Description

    MIXED USE/COMMERCIAL PROPERTY IN FREDERICK COUNTY TAX ID's 12-287232, 12-287240 This 4.36+/- acres on two parcels consist of improved and unimproved land. Currently this income producing property is being used for commercial and residential use. TENANTS ARE PAYING MONTH TO MONTH. This is an Owne ... r/Occupiers dream come true. All buildings including trailers and house could be used as commercial use. Currently trailers and house used as apartment units as well as two units in one of the buildings (top floor). Rear building has car lifts that can be negotiated. The two parcels both have separate wells and both have separate water treatment systems. +/-385 ft. of road frontage easy access in and out, about a half mile west of RT 340 PLEASE SEE DOCUMENTS FOR ADDITIONAL INFORMATION.

    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
    Knoxville
    County
    Frederick
    State
    Maryland
    Longitude
    -77.5943365
    Latitude
    39.3526905

    Comparable in this City

    • $6,900,000

      Historic Estate with Distillery, Venue

      76-acre estate featuring manor, distillery, event venue, farmland.
      1902 Jefferson Pike, Knoxville, MD 21758
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    • $6,900,000
      9,579 SF

      currently in storagr. From restored historical finishes to upgraded mechanics

      this property's polish shows in delightful details around every corner. The flourishing grounds receive professional attention. Income opportunities abound
      1902 Jefferson Pike, Knoxville, MD 21758
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    • $246,900

      Land Near Knoxville Park

      Land for sale near Knoxville Park and Ride.
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    • $35,000
      0.13 Acres

      Land in Knoxville, Maryland

      Residential land in Knoxville, Frederick County, close to Potomac River.
      815 Tritapoe Dr, Knoxville, MD 21758
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    • $240,000

      Shaffer's Meadows: 5 Acre Land

      5 acres of land with well in Knoxville, Maryland.
      981 Jefferson Pike, Knoxville, MD 21758
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    Similar Nearby for Sale

    • $6,900,000

      Historic Estate with Distillery, Venue

      76-acre estate featuring manor, distillery, event venue, farmland.
      1902 Jefferson Pike, Knoxville, MD 21758
      View Details
    • $6,900,000
      9,579 SF

      currently in storagr. From restored historical finishes to upgraded mechanics

      this property's polish shows in delightful details around every corner. The flourishing grounds receive professional attention. Income opportunities abound
      1902 Jefferson Pike, Knoxville, MD 21758
      View Details
    • $246,900

      Land Near Knoxville Park

      Land for sale near Knoxville Park and Ride.
      971 Jefferson Pike, Knoxville, MD 21758
      View Details
    • $35,000
      0.13 Acres

      Land in Knoxville, Maryland

      Residential land in Knoxville, Frederick County, close to Potomac River.
      815 Tritapoe Dr, Knoxville, MD 21758
      View Details
    • $35,000

      Half Acre Hunting Land

      Half acre lot perfect for hunting with electric shed.
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    Knoxville, MD 21758
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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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