Property profile

1202 Patrick St Frederick, MD 21701

OFF-MARKET
Strip malls
Property ID
US40-0917361
34,750 SF 4.16 ac lot Built 1986
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This property consists of pad sites intended for rental development, located with access to Interstate 70. The sites have access via a traffic light on Monocacy Boulevard and also via Patrick Street.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,750 SF
Lot 4.16 ac (181,210 SF)
Zoning code GC
APN 02-127687
UPID US40-0917361

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Accounting Firm Tax Preparation
  • Hair Salon
  • Hair Salon
  • Bar & Pub Restaurant

Location

1202 Patrick St Frederick, MD 21701-3171
Frederick metro Census 772200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.92M

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2014
Price N/A
2013
Price N/A

Zoning & alternative use

GC · Frederick, MD
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 resi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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