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    3536 Worthington Blvd Frederick, MD 21704
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    3536 Worthington Blvd Frederick, MD 21704

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    • Office buildings
    • 0.03 lot acres
    For Sale
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    Worthington Blvd Commercial Townhouse For Sale
    Contact for pricing

    Worthington Blvd Commercial Townhouse

    Frederick Office/Retail Space - 900 SF

    3536 Worthington Blvd, Frederick, MD 21704
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    Property ID
    US40-1460583
    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

    • Luigi Crespo - Headshots, Portraits and Product Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Liesel Tavenner Photography / (Bike/Boat/Book/etc) Store / Photography Service
    • Capitol Bombshell - Boudoir and Pinup Photography / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 3536 Worthington Blvd

    Year built
    2015
    Lot size
    0.03 lot acres
    Property type
    Office buildings
    APN
    07-257511
    APU
    7257511

    Description

    This exceptional 900-square-foot commercial townhouse, located at 3536 Worthington Boulevard Unit 201 in the Villages of Rubana town center of Frederick, Maryland, presents a fantastic opportunity for a variety of businesses. The single-level layout features convenient double-door entrances, ideal for both retail and office uses. Its versatile design makes it suitable for a range of businesses, including but not limited to offices, retail spaces, spas, or classrooms. The property sits on a 0.03-acre lot and boasts ample free parking, a significant advantage for both employees and customers. Its prime location offers easy access to major transportation arteries, including I-270, Route 355, and Route 80, ensuring excellent accessibility for clients and employees. The surrounding area is rich with amenities, including nearby shopping centers, banks, and restaurants, providing a vibrant and convenient environment for your business. A three-year lease is preferred. This property offers a compelling combination of space, location, and convenience, making it an attractive investment for any discerning business owner seeking a thriving commercial space in Frederick, Maryland. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000
      ML approach
      $765,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.3538
    Latitude
    39.3292
    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
    $10,117
    $203,100
    $412,500
    $615,600
    -
    $203,100
    $412,500
    $615,600

    Comparable in this City

    • Value Estimation
      $3,000,000
      10,612 SF

      5705 Industry Ln

      OFFICE BUILDING • 10,612 SF
      5705 Industry Ln, Frederick, MD 21704-5163
      View Details
    • Value Estimation
      $570,000
      2,078 SF

      8923 Fingerboard Rd

      OFFICE BUILDING • 2,078 SF
      8923 Fingerboard Rd, Frederick, MD 21704-8162
      View Details
    • Value Estimation
      $580,000
      2,736 SF

      3520 Worthington Blvd

      OFFICE BUILDING • 2,736 SF
      3520 Worthington Blvd, Frederick, MD 21704-7036
      View Details
    • Value Estimation
      $555,000
      2,736 SF

      3558 Worthington Blvd

      OFFICE BUILDING • 2,736 SF
      3558 Worthington Blvd, Frederick, MD 21704-7045
      View Details
    • Value Estimation by Request
      1,520 SF

      7589 Shields Dr

      OFFICE BUILDING • 1,520 SF
      7589 Shields Dr, Frederick, MD 21704-7286
      View Details
    • Value Estimation
      $625,000
      2,280 SF

      1561 Tilco Dr

      OFFICE BUILDING • 2,280 SF
      1561 Tilco Dr, Frederick, MD 21704-6659
      View Details

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      0.03 Acres

      Worthington Blvd Commercial Townhouse

      Frederick Office/Retail Space - 900 SF
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      View Details

    Similar Nearby for Lease

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      Urbana Pike Retail/Office Space

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      View Details
    View Listing
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    Frederick, MD 21704
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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.

    More about this property
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