Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2401 Whittier Dr Frederick, MD 21702-3355

    • Commercial real estate
    • 12,343 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $2,920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1868360
    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

    • P.I.G.S. BBQ / Barbecue Restaurant / Catering Food And Drink Supplier
    • Lakefront Fine Wine & Spirits / Liquor Store
    • Brother’s Pizza / Pizza Restaurant / Italian Restaurant
    • Whittier Barber & Stylist / Barber Shop
    • The Cutting Edge Styling Studio, Inc / Hair Salon

    Property Details for 2401 Whittier Dr

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    12,343 SF
    Zone code
    PND
    Property type
    Commercial real estate
    APN
    02-599609
    APU
    2599609

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,381,000
      Market price range: $2.48M - $4.37M
      AI Estimate
      $2,460,000
      Market price range: $1.26M - $3.21M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,215,000
      Current use
      RESTAURANT
      $3,860,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $3,450,000
      Change: +7% Conversion: Easy
      OFFICE BUILDING
      $3,260,000
      Change: +1% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,025,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4476
    Latitude
    39.4549
    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
    2023
    $43,426
    $0.00
    $0.00
    $2,373,900
    -
    $777,600
    $2,308,100
    $3,085,700

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      1120 Taney Ave

      COMMERCIAL CONDOMINUIM • 0.22 Acres
      1120 Taney Ave, Frederick, MD 21702-4217
      View Details
    • Value Estimation by Request
      0.22 Acres

      1100 Taney Ave

      COMMERCIAL CONDOMINUIM • 0.22 Acres
      1100 Taney Ave, Frederick, MD 21702-4217
      View Details
    • Value Estimation by Request
      3.74 Acres

      Church St

      COMMERCIAL (GENERAL) • 3.74 Acres
      Church St, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      3,360 SF

      20 Willowdale Dr

      COMMERCIAL (GENERAL) • 3,360 SF
      20 Willowdale Dr, Frederick, MD 21702-3978
      View Details
    • Value Estimation by Request
      0.22 Acres

      1116 Taney Ave

      COMMERCIAL CONDOMINUIM • 0.22 Acres
      1116 Taney Ave, Frederick, MD 21702-4217
      View Details
    • Value Estimation
      $1,950,000
      9,302 SF

      2401 Whittier Dr, Unit 2405-C

      COMMERCIAL CONDOMINUIM • 9,302 SF
      2401 Whittier Dr, Frederick, MD 21702-3355
      View Details

    Similar Nearby for Sale

    • $875,000
      1,968 SF

      Frederick Shop - Huge Potential!

      Versatile shop, 1.4 acres, updated 2020-2021.
      9827 Hansonville Rd, Frederick, MD 21702
      View Details
    • $299,900
      3,410 SF

      Prime Frederick Business Lot

      Cleared Lot, Ready to Build
      170 Baughmans Ln, Frederick, MD 21702
      View Details
    • $2,750,000
      12,351 SF

      Baltimore Pike Commercial Complex

      Multi-building retail & warehouse opportunity
      6905 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $459,316
      1,600 SF

      Charming Upgraded Townhome in Frederick

      Stunning townhome with farmhouse-style kitchen and luxurious primary suite.
      1827 Shookstown Rd, Frederick, MD 21702
      View Details
    • $639,000

      Frederick Specialty Property For Sale

      Specialty property available for purchase in Frederick, Maryland.
      7193 Stillwater Ct, Frederick, MD 21702
      View Details
    • $675,000

      Specialty Property for Sale

      Specialty property available for purchase.
      8116 Laurel Ridge Rd, Frederick, MD 21702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,234 SF

      Professional Office Space Available

      First floor office space with existing build-out and at-grade entrance.
      7420 Hayward Rd, Frederick, MD 21702
      View Details
    • Contact for pricing
      1,542 SF

      Retail Space in Renovated Center

      Retail space available in a well-located, anchored shopping center.
      107 Baughmans Ln, Frederick, MD 21702
      View Details
    • $12 SF/Yr

      Frederick Medical/Dental Office Space

      Medical/dental office space in Frederick with utilities included.
      110 Baughmans Ln, Frederick, MD 21702
      View Details
    • Contact for pricing
      227,000 SF

      Frederick County Retail Center

      Prime Frederick retail space available.
      1003 Patrick St, Frederick, MD 21702
      View Details
    • $12 SF/Yr

      Medical Office Space Available

      Medical office space for rent in Frederick, Maryland.
      110 Baughmans Ln, Frederick, MD 21702
      View Details
    • Contact for pricing
      2,452 SF

      Frederick Office Space Available

      Office space available for rent in Frederick, Maryland.
      130 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Whittier Dr
    Frederick, MD 21702-3355
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.