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    Property profile & analytics

    Technology Way Frederick, MD 21703

    • Office buildings
    • 32,263 SF
    • 7.57 lot acres
    OFF-MARKET
    Value Estimation
    $4,655,000
    Last Sale
    Jul 27, 2022
    $5,000,000
    Location Intelligence
    Property ID
    US40-0378230
    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

    • Office buildings

    Property Details for Technology Way

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.57 lot acres
    Property size
    32,263 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    28-602005
    APU
    28602005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,485,000
      6.5%
      $5,485,000
      7%
      $4,940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,465,000
      Geo Method
      $5,275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,685,000
      Retail
      $4,300,000
      Mixed-Use
      $4,525,000
      Hospitality
      $4,460,000
      Educational
      $4,445,000
      Residential Income
      $5,500,000
      Energy
      $5,500,000
      Income-Based Land
      $4,060,000
      Food Service
      $4,965,000

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4453
    Latitude
    39.3894
    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
    $23,190
    $923,500
    $1,244,700
    $2,168,200
    -
    $923,500
    $1,244,700
    $2,168,200

    Comparable in this City

    • Value Estimation by Request
      21,978 SF

      Technology Way

      OFFICE BUILDING • 21,978 SF
      Technology Way, Frederick, MD 21703
      View Details
    • Value Estimation by Request
      37,712 SF

      7445 Technology Way

      OFFICE BUILDING • 37,712 SF
      7445 Technology Way, Frederick, MD 21703
      View Details
    • Value Estimation
      $10,985,000
      86,000 SF

      321 Ballenger Ctr Dr

      OFFICE BUILDING • 86,000 SF
      321 Ballenger Ctr Dr, Frederick, MD 21703-4565
      View Details
    • Value Estimation by Request
      1,440 SF

      4570 Mack Ave

      OFFICE BUILDING • 1,440 SF
      4570 Mack Ave, Frederick, MD 21703-7346
      View Details
    • Value Estimation
      $1,950,000
      2,240 SF

      4619 Wedgewood Blvd

      OFFICE BUILDING • 2,240 SF
      4619 Wedgewood Blvd, Frederick, MD 21703-7120
      View Details
    • Value Estimation
      $375,000
      1,200 SF

      6633 Mt Phillip Rd

      OFFICE BUILDING • 1,200 SF
      6633 Mt Phillip Rd, Frederick, MD 21703-5959
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Modern office building with convenient access and ample parking.
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    • $4,995,000
      20,000 SF

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      20,000 SF flex/warehouse facility in Frederick, Maryland.
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    • Contact for pricing
      11,656 SF

      Premier Office Space in Frederick

      High-quality office space with excellent access to major routes.
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    • $24 SF/Yr
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      Office space featuring modern amenities in a convenient location.
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    Technology Way
    Frederick, MD 21703
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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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