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Property profile & analytics

8401 Progress Ct Frederick, MD 21701

  • Industrial properties
  • 1.77 lot acres
Value Estimation
Last Sale
Jan 24, 2022
$1,175,000
Location Intelligence
Property ID
US40-0575327
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Industrial properties

Property Details for 8401 Progress Ct

Lot size
1.77 lot acres
Zone code
M1
Property type
Industrial properties
APN
02-257580
APU
2257580

Description

This exceptional 1.77-acre commercial and industrial land parcel, located at 8401 Progress Court in Frederick, Maryland, presents a compelling development opportunity. Priced at $1,500,000, this M1-zoned property boasts high visibility along Monocacy Boulevard, directly across from Ruters and situated at a newly installed traffic light. The site plan approval for a single 20,000 square foot building is already in place, streamlining the development process. Alternatively, a concept plan exists for two 10,000 square foot buildings, offering flexibility for owner-users seeking to expand their operations and lease out additional space, or for investors looking to develop multiple units. The property's strategic location within a high-traffic area ensures maximum exposure, making it ideal for a wide range of commercial and industrial uses. The 21701 zip code provides easy access to major transportation routes and amenities, further enhancing its appeal. This is a rare opportunity to acquire a highly visible, readily developable lot in a thriving area of Frederick County. The property's size and zoning make it suitable for a variety of uses, promising significant return on investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly growing market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,080,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,225,000
    6.5%
    $1,145,000
    7%
    $1,150,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,270,000
    Geo Method
    $1,325,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,270,000
    Retail
    $1,260,000
    Mixed-Use
    $1,200,000
    Hospitality
    $1,455,000
    Educational
    $1,305,000
    Residential Income
    $1,110,000
    Energy
    $1,245,000
    Income-Based Land
    $1,310,000
    Food Service
    $1,160,000

Location Insight

  • Map
  • Local Demand
City
Frederick
County
Frederick
State
Maryland
Longitude
-77.3771
Latitude
39.4368
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,464
$0.00
$0.00
$971,467
-
$1,079,400
$0.00
$1,079,400
More about this property
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