Property profile

224 N Church St Thurmont, MD 21788

FOR LEASE
Retail space
Property ID
US40-0315155
6,520 SF 3.14 ac lot Built 1971
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Thurmont Plaza, located at 224 N Church St, Thurmont, MD 21788, presents a compelling retail investment opportunity. This single-story, 33,555 square foot Class B center, built in 1971, sits on a 3.14-acre lot and boasts a diverse tenant mix of national and local businesses. The property offers ample parking with 252 spaces, ensuring convenient access for customers. Currently, 15,634 square feet of space is available, with units ranging from 1,165 to 9,395 contiguous square feet. The entire building is also available for lease (33,555 sq ft). The property is zoned GB and enjoys a prime location in the heart of Thurmont, easily accessible via Emmitsburg Rd. The building features no elevators. This property offers a unique chance to establish or expand your retail presence in a thriving Maryland market within the Frederick submarket cluster. The property's strategic location and substantial parking make it an attractive destination for shoppers and businesses alike. This is a rare opportunity to acquire a significant retail presence in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,520 SF
Lot 3.14 ac (136,778 SF)
Zoning code GB
APN 15-322403
UPID US40-0315155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Hair Salon
  • Marketing & Advertising
  • Interior Design Home Decor Store
  • Social Service Agency

Location

224 N Church St Thurmont, MD 21788
Thurmont metro Census 753002 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.02M

Owner & transaction history

since 2021
Last sale
$4.8M
5 recorded transactions
2021
$4.8M
2010
$2.7M
2009
Price N/A
2003
$2.0M
1969
Price N/A

Zoning & alternative use

GB · Thurmont, MD
Zoning description

Support Structures: Permitted in the TB, GB, I, OI & OS Districts B. Co-location on existing Towers: Permitted in all districts. C. New Towers: Permitted in the I, OI, and OS Districts. §4.3.4 APPLICATION REQUIREMENTS AN…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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