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    Property profile & analytics

    5432 Old National Pike Frederick, MD 21702-3640

    • Warehouses
    • 2,102 SF
    • 9.60 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    6.2%
    Warehouses
    Location Intelligence
    Property ID
    US40-1401085
    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.

    Current Use by Public Records

    • Meadows Farms Nurseries and Landscape / Garden Center / Landscaper

    Property Details for 5432 Old National Pike

    Year built
    1980
    Construction
    BRICK
    Lot size
    9.60 lot acres
    Property size
    2,102 SF
    Zone code
    R3
    Property type
    Warehouses
    APN
    24-458806
    APU
    24458806

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $330,000
      6.5%
      $305,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $443,000
      Market price range: $199k - $444k
      AI Estimate
      $477,000
      Market price range: $58.9k - $478k

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4781
    Latitude
    39.4218
    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
    $10,023
    $726,200
    $113,200
    $839,400
    -
    $726,200
    $113,200
    $839,400

    Comparable in this City

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      $510,000
      11,625 SF

      11 Byte Ct

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    • Value Estimation
      $780,000
      47,325 SF

      33 Thomas Johnson Dr

      WAREHOUSE, STORAGE • 47,325 SF
      33 Thomas Johnson Dr, Frederick, MD 21702-4301
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    • Value Estimation
      $500,000
      12,500 SF

      124 Byte Dr

      WAREHOUSE, STORAGE • 12,500 SF
      124 Byte Dr, Frederick, MD 21702-8717
      View Details
    • Value Estimation by Request
      3,753 SF

      9801 Hansonville Rd

      WAREHOUSE, STORAGE • 3,753 SF
      9801 Hansonville Rd, Frederick, MD 21702-1903
      View Details
    • Value Estimation
      $780,000
      3,010 SF

      17 Western Dr

      MINI-WAREHOUSE, STORAGE • 3,010 SF
      17 Western Dr, Frederick, MD 21702-3741
      View Details
    • Value Estimation
      $380,000
      2,800 SF

      9125 Bethel Rd

      WAREHOUSE, STORAGE • 2,800 SF
      9125 Bethel Rd, Frederick, MD 21702-2005
      View Details

    Similar Nearby for Sale

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      12,351 SF

      Baltimore Pike Commercial Complex

      Multi-building retail & warehouse opportunity
      6905 Baltimore National Pike, Frederick, MD 21702
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    • $2,250,000

      Versatile Commercial Property For Sale

      Spacious property with showroom, warehouse, and excellent accessibility.
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    • Contact for pricing
      1.72 Acres

      Frederick Industrial Warehouse Space

      1,000 SF Warehouse, Golden Mile Location
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    • $477,038

      Frederick Land For Sale

      Land available in Frederick, Maryland.
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    • $635,000

      Frederick Specialty Property For Sale

      Specialty property available for purchase in Frederick, Maryland.
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    • $410,000
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      Frederick Residential Property For Sale

      Residential property in Frederick, Maryland, offering 1320 square feet.
      2421 Dunmore Ct, Frederick, MD 21702
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    Similar Nearby for Lease

    • $2,400 /Mo

      Warehouse Space on Golden Mile

      1600 sqft warehouse with drive-in door and parking.
      6907 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $16 SF/Yr
      5,800 SF

      Secure, Conditioned Storage and Manufacturing

      Secure, conditioned space suitable for storage, manufacturing, or assembly.
      110 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $14 SF/Yr
      5,000 SF

      Frederick Warehouse - 5,000 SF

      Prime warehouse space, ideal for various uses. Excellent location & accessibility.
      6905 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $1,400 /Mo

      Warehouse Unit on Golden Mile

      1,000 SF warehouse with drive-in door and bathroom.
      6907 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $3,250 /Mo

      Frederick Flex Space with Loading

      2,600 SF flex space with loading docks for lease.
      6907 Baltimore National Pike #11, Frederick, MD 21702
      View Details
    • Contact for pricing
      227,382 SF

      Frederick County Retail Center

      Prime Frederick location, multiple suites available.
      1003 Patrick St, Frederick, MD 21702
      View Details
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    5432 Old National Pike
    Frederick, MD 21702-3640
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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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