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    500 W Patrick St Frederick, MD 21701

    For Sale
    $2,190,000

    Fully leased retail property with versatile development options.

    Property size:
    12,761 SF
    Lot size:
    0.91 Acres

    Property Features for 500 W Patrick St

    General Information

    Size
    12,761 SF
    Lot size
    0.91 Acres

    Source: ONE Street Agent Kevin Brandes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Investment Opportunity

    This retail property features 12,761 square feet of space distributed across three buildings. It comprises four retail/commercial spaces and is currently 100% leased. The property operates at a 6% capitalization rate. Zoned DB, the site allows for versatile development options.
    Property Profile Insight Report 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
    -77.3977954
    Latitude
    39.4118396

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    FAQs

    What type of property is this?
    Retail space - Fully leased retail property with versatile development options.
    Where is this retail space located?
    The property is located at 500 W Patrick St Frederick, MD.
    What is the asking price?
    The asking price for this property is $2,190,000.
    What are key features of this property?
    This property features: - 1.6% in place Cap Rate; - 100% leased; - 12,761 square feet across three buildings
    (202) 867-5309
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    500 W Patrick St Frederick, MD 21701
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    500 W Patrick St
    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 W Patrick St Frederick, MD 21701
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