Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Devilbiss Brg Rd Thurmont, MD 21788

    • Warehouses
    • 11,261 SF
    • 10.46 lot acres
    OFF-MARKET
    Value Estimations
    $1,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1450929
    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

    • Warehouses

    Property Details for Devilbiss Brg Rd

    Year built
    1988
    Construction
    BRICK
    Lot size
    10.46 lot acres
    Property size
    11,261 SF
    Zone code
    GC
    Property type
    Warehouses
    APN
    20-408111
    APU
    20408111

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,490,000
      Market price range: $861k - $2.49M
      AI Estimate
      $1,323,000
      Market price range: $370k - $1.32M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,495,000
      Current use
      INDUSTRIAL (GENERAL)
      $2,625,000
      Change: +76% Conversion: Easy
      RETAIL STORES
      $2,510,000
      Change: +68% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,780,000
      Change: +19% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,770,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Thurmont
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4012
    Latitude
    39.5061
    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
    $38,152
    $0.00
    $0.00
    $3,069,267
    -
    $1,068,700
    $2,230,900
    $3,299,600

    Comparable in this City

    • Value Estimation
      $675,000
      12,200 SF

      108 Carroll St

      WAREHOUSE, STORAGE • 12,200 SF
      108 Carroll St, Thurmont, MD 21788-1743
      View Details
    • Value Estimation
      $510,000
      6,783 SF

      30 Elm St

      WAREHOUSE, STORAGE • 6,783 SF
      30 Elm St, Thurmont, MD 21788-1631
      View Details
    • Value Estimation by Request
      2,212 SF

      Frederick Rd

      WAREHOUSE, STORAGE • 2,212 SF
      Frederick Rd, Thurmont, MD 21788
      View Details
    • Value Estimation
      $610,000
      8,517 SF

      15784 Kelbaugh Rd

      WAREHOUSE, STORAGE • 8,517 SF
      15784 Kelbaugh Rd, Thurmont, MD 21788-1033
      View Details
    • Value Estimation
      $1,160,000
      10,500 SF

      11110 Angleberger Rd

      WAREHOUSE, STORAGE • 10,500 SF
      11110 Angleberger Rd, Thurmont, MD 21788-2501
      View Details
    • Value Estimation by Request
      987 SF

      133 Cody Dr

      WAREHOUSE, STORAGE • 987 SF
      133 Cody Dr, Thurmont, MD 21788
      View Details

    Similar Nearby for Sale

    • $730,000

      Versatile Industrial Site in Thurmont

      9,525 SF industrial/flex property with expansion potential on 1 acre.
      36 Walnut St, Thurmont, MD 21788
      View Details
    • Contact for pricing
      8,394 SF

      Flex and Manufacturing Buildings

      Flex and manufacturing buildings with solar system for sale.
      142 Water St, Thurmont, MD 21788
      View Details
    • $699,000

      Thurmont Industrial/Flex Property For Sale

      9,525 SF industrial/flex property with expansion potential in Thurmont, MD.
      36 Walnut St, Thurmont, MD 21788
      View Details
    • $395,000

      Thurmont Specialty Property For Sale

      Specialty property available for purchase in Thurmont, Maryland.
      1 Tacoma St, Thurmont, MD 21788
      View Details
    • Contact for pricing
      6.55 Acres

      229 Tippin Dr, Thurmont, MD 21788

      Retail properties & Spaces • 6.55 Acres
      229 Tippin Dr, Thurmont, MD 21788
      View Details
    • $405,000

      Thurmont Specialty Property For Sale

      Specialty property available for purchase in Thurmont, Maryland.
      206 Ironmaster Dr, Thurmont, MD 21788
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Thurmont Industrial/Flex Property for Rent

      9,525 SF industrial/flex space with expansion potential in Thurmont.
      36 Walnut St, Thurmont, MD 21788
      View Details
    • $15 SF/Yr

      Retail Space on Main Street

      Retail units available for lease in vibrant Thurmont area.
      11 E Main St, Thurmont, MD 21788
      View Details
    • Contact for pricing
      33,555 SF

      Thurmont Plaza Retail Center

      Prime Thurmont retail space, multiple units available.
      224 Church St, Thurmont, MD 21788
      View Details
    • $15 SF/Yr

      Retail Space on Main Street

      Available retail space in vibrant Thurmont location for lease.
      9 E Main St, Thurmont, MD 21788
      View Details
    • $3,000 /Mo

      Land Lease in Thurmont, MD

      Land lease available for retail or office use.
      229 Tippin Dr, Thurmont, MD 21788
      View Details
    • Contact for pricing
      18,000 SF

      Prime Thurmont Retail Space

      Freestanding building, 3 suites available, high visibility.
      205 Frederick Rd, Thurmont, MD 21788
      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.
    Devilbiss Brg Rd
    Thurmont, MD 21788
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!