Property profile

250 Merrimac Ct 11 Prince Frederick, MD 20678

OFF-MARKET
Office Spaces
Property ID
US40-0234708
1,600 SF Built 1989
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1989
Construction BRICK
Total area 1,600 SF
Zoning code TC
APN 02-069105
UPID US40-0234708

Cap rate & NOI

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

Location

250 Merrimac Ct, Unit 11 Prince Frederick, MD 20678-6113
Prince Frederick metro Census 860702 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2025
Last sale
$250,000
3 recorded transactions
2025
$250,000
2002
$169,000
1969
Price N/A

Zoning & alternative use

TC · Prince Frederick, MD

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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