1020 Prince Frederick BlvdPrince Frederick, MD 20678

Property Details for 1020 Prince Frederick Blvd

Year built

2006

Lot size

0.84 AC

Property size (Sq ft)

606 SF

Zone code

TC

Property type

Office buildings

APN

02-085615

APU

2085615

Description

This exceptional investment opportunity presents a three-story, 10,000-square-foot Class B office building situated on a 0.84-acre lot in the heart of Prince Frederick's Town Center. The property, built in 2006, features seven units currently occupied by nine tenants under a Net Lease agreement, offering a stable income stream. The net rentable area totals 6,400 square feet, with an asking price of $1,900,000, translating to $190 per square foot. The average rent per square foot is $16. The building boasts nicely finished professional offices, along with some unfinished space providing potential for future development or customization. Basement storage is also available, adding to the property's versatility. Convenient city water and sewer services are connected, and ample dedicated parking spaces are provided for tenants and visitors. The property is zoned for Town Center Office use, ensuring flexibility and potential for various commercial applications. This fee-simple ownership opportunity offers a strong return on investment in a thriving Maryland community. The property's address is 1020 N Prince Frederick Blvd, Prince Frederick, MD 20678, with APN 02-085615.

• CAP approach

  CAP return

  Valuation

  6%

  $111,003

  6.5%

  $102,465

  7%

  $95,145.80

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,400.20

  Geo Method

  $101,208

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $204,071

  Retail / Commercial

  $104,188

  Mixed-Use / Specialty

  $103,456

  Hospitality / Lodging

  $75,431.80

  Institutional / Educational

  $107,423

  Residential Income

  $125,685

  Multifamily

  $152,742

  Automotive / Energy

  $92,076.80

  Parking / Income-Based Land

  $32,131.40

  Restaurant / Food Service

  $53,037.30

  Healthcare / Senior Housing

  $106,462

Location Insight

City

Prince Frederick

County

Calvert

State

Maryland

Latitude

38.5578

Longitude

-76.6039

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].