You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,045,000
Grocery and convenience stores

1042 Patrick St Frederick, MD 21703-3963

2,655 SF 0.35 ac lot Built 1974
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US40-1448019
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,655 SF
Lot 0.35 ac (15,247 SF)
Zoning code GC
APN 02-102226
UPID US40-1448019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amazon Locker - Neptune Postal Service Courier Service
  • 7-Eleven Grocery & Convenience Store
  • Western Union Bank Credit Union
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
$1.06M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.05M
Owner & transaction history
Medservicemd Limited Liability Comp · 1 yrs held
Medservicemd Limited Liability Comp
since 2025
Last sale
$1.0M
3 recorded transactions
2025
$1.0M
2021
$590,000
2018
$225,000
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall residential dwellings in an MXE development include single family homes, townhouses, or duplexes. The multi-family residential element of the co…

Zone name General Commercial
General category COMMERCIAL
Zone area 1,213.15 ac
Source ARTICLE 4 - ZONING
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1042 Patrick St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message