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    500 Patrick St Frederick, MD 21701

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    For Sale
    Contact for pricing

    High-Yield Retail Investment, 100% Occupied

    Property size:
    12,761 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional investment opportunity presents a 12,761 square foot, three-building retail center in downtown Frederick, Maryland. Currently 100% occupied with four tenants under a Net Net + lease structure, this property offers immediate and stable income. Built in 1961, the property sits on a 41,574 square foot lot and features 39 parking spaces. The DB zoning allows for versatile development options, including significant redevelopment potential. The existing structure is a two-story, Class B building, presenting a unique opportunity to capitalize on the growth of Frederick's vibrant downtown. The property's strong tenancy and redevelopment potential make it an ideal investment for those seeking both immediate returns and long-term growth. This fee-simple ownership offers a rare chance to acquire a high-potential asset in a desirable location. Rent bumps are variable, offering potential for increased income. The property's size and zoning provide flexibility for a variety of retail and commercial uses, making it an attractive investment for both experienced and emerging investors. This is a stabilized investment with redevelopment potential, offering a compelling combination of immediate income and future upside.

    Property Features for 500 Patrick St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,761 SF
    Class
    B

    Building Details

    Year Built
    1961
    Buildings
    3
    Stories
    2
    Units
    4

    HighLights

    • 12,761 square feet across three buildings.
    • Four retail/commercial spaces, 100% occupied.
    • DB zoning allows versatile development options.
    • 100% leased, providing immediate income.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Cash Pawn Pawn Shop Zenobia Lounge Hookah Bar

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.425172712658
    Latitude
    39.413404013863

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Investment, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 500 Patrick St Frederick, MD.
    What are key features of this property?
    This property features: 12,761 square feet across three buildings.; Four retail/commercial spaces, 100% occupied.; DB zoning allows versatile development options.
    Request Owner's contact information
    500 Patrick St Frederick, MD 21701
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    Frederick, MD 21701
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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
    500 Patrick St Frederick, MD 21701
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