250 Merrimac Ct 11 Prince Frederick, MD 20678-6113
This mixed-use office building, located at 250 Merrimac Ct, Prince Frederick, MD 20678, presents a unique investment opportunity. Built in 1989, this two-story, 1,600 square foot creative/executive/traditional office space is situated in the desirable Duke Street Commons complex. The property boasts a convenient location, within walking distance of the courthouse, new county office building, restaurants, and other businesses. The asking price is $250,000, translating to $156.25 per square foot. The unit features four offices and a bath on the upper level, and three offices and a bath on the main level, offering flexibility for various business configurations. An adjoining 1,600 sq ft unit is also available for purchase, providing the potential for a combined 3,200 sq ft space. The property benefits from ample parking for staff and clients. Low condo fees of $250 per month cover exterior maintenance, including gutters, siding, doors, windows, landscaping, snow removal, and common areas. The property is zoned TC and has an APN of 0502069105. Occupancy is available October 2, 2024. This is an excellent opportunity to own a well-located office space in a thriving business community. Don't miss this chance to acquire a valuable asset in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TC · Prince Frederick, MDPrince Frederick. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.