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    23310 Frederick Rd Clarksburg, MD 20871
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    Property profile & analytics

    23310 Frederick Rd Clarksburg, MD 20871

    View on Map
    • Office Units
    • 3,045 SF
    • 2.83 lot acres
    For Lease
    $700/Mo
    View Listing →
    Office Space For Rent For Lease
    $700/Mo

    Office Space For Rent

    Office space available for lease in Clarksburg, Maryland.

    23310 FREDERICK Road, Clarksburg, MD 20871
    View Listing
    Property ID
    US40-0107527
    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

    • The Raevens Haven Holistic Healing & Massage / Alternative Medicine Practice / Spa & Massage Center
    • Praveen Bolarum, MD / Pediatrician / Physician
    • Primary Care Associates of Maryland / Medical Clinic
    • Stoneybrook Psychotherapy Services: Stella Hongola, Psy.D. / Physician / Medical Clinic
    • CLARKSBURG BEHAVIORAL HEALTH / Medical Clinic

    Property Details for 23310 Frederick Rd

    Year built
    1900
    Lot size
    2.83 lot acres
    Property size
    3,045 SF
    Property type
    Office Units
    Property subtype
    Medical Office Space

    Description

    This stunning three-story, 3,045 square foot medical and creative office building, located at 23310 Frederick Rd in Clarksburg, Maryland, presents a unique opportunity. Originally built in 1900, this beautifully renovated Victorian home offers multiple tenancy options, with two available spaces ranging from 100 to 500 square feet. The property sits on a 2.83-acre lot and is zoned for Neighborhood Commercial use (APN: 02-00021673). Benefit from ample on-site parking and excellent signage visibility along the heavily trafficked Frederick Road (MD-355). The building's prime location provides easy access to the thriving Clarksburg and Urbana submarkets, and nearby amenities. Ideal for therapists, counselors, and other small businesses seeking a distinctive and convenient workspace. This property offers a blend of historic character and modern functionality, making it an exceptional investment in a desirable location. Montgomery County location provides access to a strong workforce and robust infrastructure. The property's unique architectural details and convenient location make it a highly attractive option for businesses seeking a professional and memorable office space.

    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
    Clarksburg
    County
    Montgomery
    State
    Maryland
    Longitude
    -77.278665089558
    Latitude
    39.238181012497

    Comparable in this City

    • $6,975 /Mo

      Route 355 Frontage Retail/Office

      Retail or office space with building signage on Route 355.
      1896 Urbana Pike, Clarksburg, MD 20871
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    • $800 /Mo

      Professional Office Suite in Clarksburg

      Affordable office space with convenient access and on-site parking.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    • $1,565 /Mo

      Prime Retail/Office Space Available

      Retail or office space with building signage on Route 355.
      1896 Urbana Pike, Clarksburg, MD 20871
      View Details
    • $700 /Mo

      Professional Office Suite in Clarksburg

      Affordable office space with commuter access and on-site parking.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    • $700 /Mo

      Office Space For Rent

      Office space available for lease in Clarksburg, Maryland.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    • Contact for pricing
      4,291 SF

      Clarksburg Office Space For Lease

      Office space available for lease in Clarksburg, Maryland.
      22516 Gateway Center Dr, Clarksburg, MD 20871
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    Similar Nearby for Sale

    • $950,000
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      Clarksburg Commercial Development Land

      Prime 0.59-acre lot, high visibility.
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      Updated Horse Farm with IndoorRing

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      Clarksburg Land Near I-270

      0.65-acre lot near I-270, Clarksburg Town Center, and outlets.
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    • $2,350,000

      Commercial/Residential Land on Frederick Rd

      3.21 acre land parcel suitable for various commercial/residential uses.
      23543 Frederick Rd, Clarksburg, MD 20871
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    • $160,000

      Prime Clarksburg Location Land Parcel

      0.65-acre lot near I-270, Clarksburg Town Center, and outlets.
      14208 Lewisdale Rd, Clarksburg, MD 20871
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    Similar Nearby for Lease

    • $800 /Mo

      Professional Office Suite in Clarksburg

      Affordable office space with convenient access and on-site parking.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    • $700 /Mo

      Office Space For Rent

      Office space available for lease in Clarksburg, Maryland.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    • $6,975 /Mo

      Route 355 Frontage Retail/Office

      Retail or office space with building signage on Route 355.
      1896 Urbana Pike, Clarksburg, MD 20871
      View Details
    • Contact for pricing
      4,291 SF

      Clarksburg Office Space For Lease

      Office space available for lease in Clarksburg, Maryland.
      22516 Gateway Center Dr, Clarksburg, MD 20871
      View Details
    • $1,932 /Mo

      Route 355 Frontage Opportunity

      Office or retail space with building signage on Route 355.
      1896 Urbana Pike, Clarksburg, MD 20871
      View Details
    • $700 /Mo

      Professional Office Suite in Clarksburg

      Affordable and accessible office space for lease in Clarksburg.
      23310 Frederick Rd, Clarksburg, MD 20871
      View Details
    View Listing
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    Clarksburg, MD 20871
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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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