Property profile

7589 Shields Dr Frederick, MD 21704

FOR LEASE
Office buildings
Property ID
US40-0073082
1,520 SF 6.7 ac lot Built 1998
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5.2-acre pad site, located at 7589 Shields Dr in Frederick, Maryland, presents a remarkable opportunity for retail development. The property is zoned for commercial use and offers two available spaces, ideal for multiple tenants seeking high-visibility locations. Situated in Frederick County, zip code 21704, this land boasts a strategic location with excellent access to major roadways, ensuring high traffic volume and strong potential for customer reach. The expansive lot size provides ample space for building construction and ample parking, catering to the needs of both businesses and their customers. The property's classification as a retail pad site makes it particularly attractive for businesses seeking high-traffic locations with excellent visibility. This is a rare opportunity to acquire a substantial parcel of land in a thriving commercial area. The property's location in Frederick, MD offers access to a robust local economy and a strong consumer base. With its convenient access and ample space, this site is perfectly positioned for success. Serious inquiries are encouraged to explore the possibilities of this prime retail location. The property is currently available for lease. Further details regarding zoning and development possibilities are available upon request. Don't miss this chance to secure a prominent location for your business in a rapidly growing market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction WOOD
Total area 1,520 SF
Lot 6.7 ac (291,852 SF)
Zoning code GC
APN 28-534388
UPID US40-0073082

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

7589 Shields Dr Frederick, MD 21704
Frederick metro Census 751003 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.19M

Owner & transaction history

since 2006
2 recorded transactions
2006
$3.2M
1969
Price N/A

Zoning & alternative use

GC · Frederick, MD
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall resi…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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