2401 Whittier DrFrederick, MD 21702

Property Details for 2401 Whittier Dr

Year built

2006

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

9,017 SF

Zone code

PND

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

02-599610

APU

2599610

Description

Exceptional investment opportunity in Frederick, MD, presents a Class A, 57,000 square foot shopping center and office building complex. This property, built in 2006, boasts two buildings totaling over 43,000 square feet of leasable space, including a 21,377 square foot shopping center and a 21,788 square foot office building. Additional square footage is occupied by a daycare center. The complex is strategically located at the main entrance of the Whittier Planned Urban Development (PUD), providing convenient access for residents and visitors. Each suite features modern layouts, individual HVAC systems, and ample parking, with a generous 5.61 spaces per 1,000 square feet ratio. The property is zoned GC and sits on a 57,000 square foot lot. With a strong net operating income (NOI) of $505,732 and an attractive 5.60% capitalization rate, this offering presents a compelling investment opportunity priced at $9,000,000. The sale is structured to accommodate a 1031 exchange. This exceptional property offers a blend of retail and office space, making it an ideal investment for discerning buyers seeking a high-performing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,097,850

  6.5%

  $1,936,477

  7%

  $1,798,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,073,288

  Geo Method

  $2,073,288

• Alternative Use

  Use

  Valuation

  Residential

  $2,456,503

  Hospitality

  $2,250,144

  Educational

  $1,872,093

  Medical

  $1,936,477

  Retail

  $2,912,145

Location Insight

City

Frederick

County

Frederick

State

Maryland

Latitude

39.4549

Longitude

-77.4476

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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