First-Floor Residential
New
For Sale
$235,000
900 BLUE LEAF COURT #A, Frederick, MD 21701
New carpet runs throughout the unit, with downtown Frederick, shopping, dining and commuter routes nearby.
Property Size1,052 SF
Days on Market4
Property Features for 900 BLUE LEAF COURT #A
General Information
Standard status
Active
Size
1,052 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
1,052 SF
Year Built
1996
Listing Agency:
Laymanrei
Listed By:
George M Layman III
(301) 514-6378
Source:
Cindee.kw
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Laymanrei
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor condominium was built in 1996 and has newly installed carpet throughout. The property is in Monocacy Overlook, with downtown Frederick, shopping, restaurants and major commuter routes nearby.
Key Highlights
- First‑floor condominium in Monocacy Overlook
- New carpet installed throughout the unit
- Built in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,313
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,260
$286.3K
Cap Rate 7%
$204,471
$204.5K
Cap Rate 9%
$159,033
$159.0K
Market Conditions
NOI Build-Up for 1,052 SF
Gross rent
$27.4K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$26.0K $24.74/SF
− OpEx
−$11.7K −$11.13/SF
NOI
$14.3K $13.61/SF
Area
Frederick County, MD
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,260
Cap Rate 7%
$204,471
Cap Rate 9%
$159,033
Alternative Uses
Best Use
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,313 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$389.8K
$341.1K – $454.8K
NOI $27,287 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - New carpet runs throughout the unit, with downtown Frederick, shopping, dining and commuter routes nearby.
Where is this residential income property located?
The property is located at 900 BLUE LEAF COURT #A Frederick, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: First‑floor condominium in Monocacy Overlook; New carpet installed throughout the unit; Built in 1996
