Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4959 New Design Rd Frederick, MD 21703-5502
    Back to Search
    Property profile & analytics

    4959 New Design Rd, Frederick, MD 21703-5502

    View on Map
    • Industrial properties
    • 66,600 SF
    • 4.74 lot acres
    Off-Market
    Property ID
    US40-1461839
    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
    $6,465,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The SpaceMasters / Storage Facility
    • Ventanix | Design & Marketing Agency / Advertising Agency / Marketing & Advertising
    • Best Stove and Fireplace Center / Hardware & Home Improvement
    • Apex Solar & Roofing / Roofing Company / General Contractor
    • Premier Commercial Flooring / General Contractor / Renovation Specialist

    Property Details for 4959 New Design Rd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.74 lot acres
    Zone code
    LI
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    01-037846
    APU
    1037846

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2023 — Wedgewood Property LLC — Deed · related $5.9M · Minnesota Life Insurance Company
    — — Frederick Wedgewood Prop LLC — Deed Of Trust · related $7.8M · Aviva Life & Annuity Co
    — — Frederick Wedgewood Prop LLC — Deed Of Trust · related $3.8M · Aviva Life & Annuity Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4295
    Latitude
    39.368
    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
    $61,167
    $0.00
    $0.00
    $5,100,800
    -
    $1,032,300
    $4,276,900
    $5,309,200

    Comparable in this City

    • Value Estimation
      $2,150,000
      20,000 SF

      4580 Mack Ave

      INDUSTRIAL LOFT BUILDING
      4580 Mack Ave, Frederick, MD 21703-7345
      View Details
    • Value Estimation
      $4,040,000
      11,600 SF

      5310 Spectrum Dr

      INDUSTRIAL LOFT BUILDING
      5310 Spectrum Dr, Frederick, MD 21703-7362
      View Details
    • Value Estimation by Request
      48,900 SF

      650 Medimmune Ct

      INDUSTRIAL LOFT BUILDING
      650 Medimmune Ct, Frederick, MD 21703-2600
      View Details
    • Value Estimation
      $6,115,000
      63,100 SF

      4635 Wedgewood Blvd

      INDUSTRIAL LOFT BUILDING
      4635 Wedgewood Blvd, Frederick, MD 21703-7172
      View Details
    • Value Estimation
      $2,130,000
      19,200 SF

      4540 Mack Ave

      INDUSTRIAL LOFT BUILDING
      4540 Mack Ave, Frederick, MD 21703-3302
      View Details
    • Value Estimation
      $4,410,000
      45,520 SF

      4725 Arcadia Dr

      INDUSTRIAL LOFT BUILDING
      4725 Arcadia Dr, Frederick, MD 21703-7494
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Versatile Flex/Warehouse Facility

      20,000 SF flex/warehouse facility in Frederick, Maryland.
      4102 Harvard Pl, Frederick, MD 21703
      View Details
    • $1,800,000

      Versatile Commercial Building Near Interstates

      6,000 sq ft commercial building suitable for industrial or flex uses.
      4603 Wedgewood Blvd, Frederick, MD 21703
      View Details
    • Contact for pricing
      2,500 SF

      Frederick Flex/Industrial Space Available

      2,500 SF flex/industrial space for rent in Frederick, MD.
      7495 New Horizon Way, Frederick, MD 21703
      View Details
    • Contact for pricing
      4,770 SF

      Freestanding Building on Golden Mile

      4,770 SF retail building with high visibility and signage.
      1328 W Patrick St, Frederick, MD 21703
      View Details
    • Contact for pricing

      Commercial Land Near Shopping Center

      Land suitable for retail, restaurant, or office development.
      7091 Corporate Dr, Frederick, MD 21703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,346 SF

      New Warehouse Building in Frederick

      Class A distribution center with high-bay flex space available for lease.
      5981 Jefferson Station Ct, Frederick, MD 21703
      View Details
    • Contact for pricing
      3,200 SF

      New Warehouse Units For Lease

      Small to medium warehouse units in Stanford Industrial Park.
      3950 Dartmouth Ct, Frederick, MD 21703
      View Details
    • Contact for pricing
      164,321 SF

      Class A Industrial Distribution Center

      New-build distribution facility with high clear height, dock capacity, and expandable drive-ins for flexible logistics operations.
      5941 Jefferson Station Ct, Frederick, MD 21703
      View Details
    • Contact for pricing
      8,000 SF

      New Warehouse Units For Lease

      Small to medium warehouse units available in Stanford Industrial Park.
      3954 Dartmouth Ct, Frederick, MD 21703
      View Details
    • Contact for pricing
      164,321 SF

      Frederick Industrial Space For Lease

      Class A industrial space available for lease in Frederick, MD.
      5941 Jefferson Station Ct, Frederick, MD 21703
      View Details
    • Contact for pricing
      9,267 SF

      Frederick Flex Space Available

      Energy-efficient flex space with front and rear entrances, near I-270.
      5340 Spectrum Dr, Frederick, MD 21703
      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.
    4959 New Design Rd
    Frederick, MD 21703-5502
    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

    Thank You for Inquiry
    4959 New Design Rd, Frederick, MD, 21703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!