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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office buildings
114 Ct St Frederick, MD 21701-6613
Entity Owned
21-yr Hold
Free & Clear
Property ID
US40-2380177
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,773 SF
Lot
0.06 ac (2,574 SF)
Zoning code
DBO
APN
02-123886
UPID
US40-2380177
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
-
Law Offices of Arthur C. Crum, PA Law Firm
-
Court Square Law Building Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$940k
Owner & transaction history
Court Street Properties LLC · 21 yrs held
Court Street Properties LLC
since 2004
3 recorded transactions
Zoning & alternative use
DBO · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DBO (Downtown Office Commercial) The DBO district is intended for professional and business offices with a limited number of supporting retail commercial activities. High-density residential activities are allowed as well. DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It…
Zone name
Downtown Office Commercial
General category
COMMERCIAL
Zone area
29.81 ac
Source
ARTICLE 4 - ZONING
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Frederick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frederick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$339 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,283
Tax year 2023
Assessed value
$514,033
Assessed 2023
Previous assessed
$459,100
+12.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$275,700
Improvement market value
$348,200
Total market value
$623,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Units
1
Total area
2,773 SF
Lot
0.06 ac (2,574 SF)
Zoning code
DBO
APN
02-123886
UPID
US40-2380177
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
DBO · Frederick, MDZoning DBO · permitted uses
DBO · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DBO (Downtown Office Commercial) The DBO district is intended for professional and business offices with a limited number of supporting retail commercial activities. High-density residential activities are allowed as well. DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It allows most office and retail activities as well as high density residential uses. To encourage the implementation of this objective, certain parking requirements are relaxed for development or redevelopment in this district. District Established Purpose M1 (Light Industrial) The M1 district is intended to provide for offices and those industrial activities which do not require special measures to control odor, dust or noise and which do not involve hazardous materials and whose
Zone name
Downtown Office Commercial
General category
COMMERCIAL
Zone area
29.81 ac
Source
ARTICLE 4 - ZONING
Building & site characteristics
From public records
Year built
1855
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
3
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Court Street Properties LLC
Entity
Free & Clear · 21 yrs held
Mailing address
114 N CT ST, FREDERICK, MD 21701-6613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2004
—
Court Street Properties LLC
Crum,arthur C JR & Mary K
Grant Deed
related
—
—
—
Court Street Properties LLC
—
Deed Of Trust
related
$248,242 · Sandy Spring Bank
—
—
Court Street Properties LLC
—
Deed Of Trust
related
$90,000 · Sandy Spring Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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