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    Property profile & analytics

    87 Thomas Johnson Dr, Unit 1 Frederick, MD 21702-4427

    • Office Properties & Spaces
    • 6,311 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $1,500,000
    Last Sale
    Oct 03, 2022
    $1,608,000
    Location Intelligence
    Property ID
    US40-0706872
    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

    • Leena Dev / Medical Clinic / Internist
    • Judith E Goldstein OD / Ophthalmologist
    • Ingrid E Zimmer-Galler MD / Ophthalmologist
    • Frederick Pediatrics Associates: Vimal Sangeetha MD / Pediatrician
    • Helena Leite / Pediatrician / Practitioner Service Location

    Property Details for 87 Thomas Johnson Dr

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    6,311 SF
    Zone code
    PB
    Property type
    Office Properties & Spaces
    APN
    02-242478
    APU
    2242478

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,640,000
      6.5%
      $1,485,000
      7%
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,645,000
      Geo Method
      $1,415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,520,000
      Retail
      $1,385,000
      Mixed-Use
      $1,430,000
      Hospitality
      $1,400,000
      Educational
      $1,775,000
      Residential Income
      $1,710,000
      Energy
      $1,635,000
      Income-Based Land
      $1,795,000
      Food Service
      $1,560,000

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4073
    Latitude
    39.4459
    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
    $22,817
    $416,500
    $845,700
    $1,262,200
    -
    $416,500
    $845,700
    $1,262,200

    Comparable in this City

    • Value Estimation by Request
      540 SF

      176 Thomas Johnson Dr, Unit 5CL

      CONDOMINIUM OFFICES • 540 SF
      176 Thomas Johnson Dr, Frederick, MD 21702-4410
      View Details
    • Value Estimation by Request
      11,259 SF

      61 Thomas Johnson Dr, Unit 1

      CONDOMINIUM OFFICES • 11,259 SF
      61 Thomas Johnson Dr, Frederick, MD 21702-4301
      View Details
    • Value Estimation by Request
      1,874 SF

      107 Kearney Ct

      CONDOMINIUM OFFICES • 1,874 SF
      107 Kearney Ct, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      2,407 SF

      100 Old Farm Dr, Unit B

      CONDOMINIUM OFFICES • 2,407 SF
      100 Old Farm Dr, Frederick, MD 21702
      View Details
    • Value Estimation by Request
      2,307 SF

      2100 Old Farm Dr E E Ste

      CONDOMINIUM OFFICES • 2,307 SF
      2100 Old Farm Dr E E Ste, Frederick, MD 21702-5401
      View Details
    • Value Estimation by Request
      2,500 SF

      100 Tuscanny Dr, Unit 1

      CONDOMINIUM OFFICES • 2,500 SF
      100 Tuscanny Dr, Frederick, MD 21702-5958
      View Details

    Similar Nearby for Sale

    • $2,750,000
      12,351 SF

      Baltimore Pike Commercial Complex

      Multi-building retail & warehouse opportunity
      6905 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $339,900
      2,089 SF

      Downtown Frederick Office Condo

      Historic District, 2,089 sq ft Office
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    • $1,250,000

      Commercial Property in Frederick, MD

      Commercial property for sale in Frederick, Maryland.
      65 Thomas Johnson Ct, Frederick, MD 21702
      View Details
    • $3,950,000
      20,000 SF

      Free-Standing 2-Story Medical Building For Sale

      Free-Standing 2-Story Medical Building For Sale
      46 B Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • Contact for pricing
      654 SF

      Elevatored Office Building on Thomas Johnson

      Three-level condo offices ranging from 654 SF to 7,751 SF.
      57 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $479,000

      Luxury Medical Office Ready

      Renovated medical office with luxury finishes and reserved parking.
      75 Thomas Johnson Dr #Suite, Frederick, MD 21702
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,135 SF

      Ambers Professional Center Suites

      Frederick County Executive Office Space
      172-174 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • $25 SF/Yr

      Office Space in Frederick, MD

      Office space available for lease in Frederick, Maryland.
      65 Thomas Johnson Ct, Frederick, MD 21702
      View Details
    • Contact for pricing
      4,234 SF

      Professional Office Space Available

      First floor office space with existing build-out and at-grade entrance.
      7420 Hayward Rd, Frederick, MD 21702
      View Details
    • $1,200 /Mo
      83,200 SF

      Frederick Medical Office Suite Available

      Medical office suite for lease in Frederick, Maryland.
      286 Montevue Ln, Frederick, MD 21702
      View Details
    • $650 /Mo
      83,200 SF

      Frederick Medical Office Space Available

      Medical office space for lease in Frederick, Maryland.
      286 Montevue Ln, Frederick, MD 21702
      View Details
    • $21 SF/Yr
      2,674 SF

      Class A Office Space Available

      New Class A office suites with immediate availability.
      163 Thomas Johnson Dr, Frederick, MD 21702
      View Details
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    Frederick, MD 21702-4427
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    Realmo Value Estimation

    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.

    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.

    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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