You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $15,770,000
Community centers

490 Prospect Blvd 8 Frederick, MD 21701-6430

28,300 SF 2.86 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US40-1238922
Property summary
AI-generated overview

This exceptional retail opportunity is located at 490 Prospect Blvd in Frederick, Maryland, 21701. The property, known as Festival at Frederick, offers a total of 9,300 square feet of retail space within a multi-tenant building. Currently, there is 12,797 square feet of vacant space available, divisible into units ranging from a minimum of 3,115 square feet to a maximum contiguous space of 8,025 square feet. The center enjoys a highly visible location at the intersection of I-270 and South Jefferson Street, providing excellent accessibility and high traffic volume. Its strategic position offers convenient access to downtown Frederick (5 minutes away), Washington, D.C. (45 minutes away), and Baltimore (45 minutes away). The property benefits from a strong anchor tenant, Weis Markets, further enhancing its appeal and drawing significant customer traffic. This presents a unique chance to establish a retail presence in a thriving, well-connected area with substantial foot traffic and convenient access to major transportation arteries. The property is situated in Frederick County, Maryland, offering a robust local market and a strong regional draw. This retail space is ideal for businesses seeking high visibility and convenient access to a large customer base.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,300 SF
Lot 2.86 ac (124,538 SF)
Zoning code GC
APN 02-149303
UPID US40-1238922
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Acadia Dental & Dentures Dental Office
  • Zainali Orthodontics Dental Office
  • Key Programming Euless Home Help
  • Creekside Canine Training Animal Training
  • Hair N Dipity Pet Salon Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.30M
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.77M
Owner & transaction history
Prospect Growth Ventures LLC · 1 yrs held
Prospect Growth Ventures LLC
since 2025
Last sale
$16.1M
2 recorded transactions
2025
$16.1M
1969
Price N/A
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 490 Prospect Blvd, Unit 8?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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