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    Property profile & analytics

    1020 Patrick St Frederick, MD 21703-3963

    • Turn key restaurants
    • 5,696 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-1030593
    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

    • Red Lobster / Restaurant / Seafood Restaurant

    Property Details for 1020 Patrick St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    3.01 lot acres
    Property size
    5,696 SF
    Zone code
    GC
    Property type
    Turn key restaurants
    APN
    02-070316
    APU
    2070316

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4402
    Latitude
    39.4156
    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
    $42,657
    $1,351,800
    $959,000
    $2,310,800
    -
    $1,351,800
    $959,000
    $2,310,800

    Comparable in this City

    • Value Estimation by Request
      8,996 SF

      996 Patrick St

      RESTAURANT • 8,996 SF
      996 Patrick St, Frederick, MD 21703-4066
      View Details
    • Value Estimation by Request
      5,509 SF

      5605 Spectrum Dr

      RESTAURANT • 5,509 SF
      5605 Spectrum Dr, Frederick, MD 21703-8301
      View Details
    • Value Estimation by Request
      6,026 SF

      5609 Spectrum Dr

      RESTAURANT • 6,026 SF
      5609 Spectrum Dr, Frederick, MD 21703-8301
      View Details
    • Value Estimation by Request
      19,794 SF

      581 Himes Ave

      RESTAURANT • 19,794 SF
      581 Himes Ave, Frederick, MD 21703-6106
      View Details
    • Value Estimation by Request
      4,890 SF

      5613 Spectrum Dr

      RESTAURANT • 4,890 SF
      5613 Spectrum Dr, Frederick, MD 21703-8301
      View Details
    • Value Estimation by Request
      1,875 SF

      4632 Wedgewood Blvd

      RESTAURANT • 1,875 SF
      4632 Wedgewood Blvd, Frederick, MD 21703-7159
      View Details

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    Similar Nearby for Lease

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      38,167 SF

      Modern Office Space with Amenities

      Office space featuring modern amenities in a convenient location.
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      Retail pad sites with excellent visibility and access.
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    • Contact for pricing
      21,262 SF

      Frederick Retail Shopping Center Space

      Retail space available in Frederick, Maryland shopping center.
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      519,954 SF

      Arcadia Business Park: Premier Spaces

      61-acre business park; flexible spaces available.
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      View Details
    • $20 SF/Yr
      6,200 SF

      Retail Space with Ample Parking

      Multi-tenanted retail space with easy highway access and parking.
      1306 W Patrick St, Frederick, MD 21703
      View Details
    • Contact for pricing
      4,890 SF

      Redevelopment Opportunity Near Francis Scott Key Mall

      High-profile redevelopment or repurpose opportunity near Francis Scott Key Mall.
      5613 Spectrum Dr, Frederick, MD 21703
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      3.6k
    • Avg Time on site
      65 min
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    1020 Patrick St
    Frederick, MD 21703-3963
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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
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