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Property profile & analytics
OFF-MARKET Estimated value $700,000
Retail space

1216 Patrick St Frederick, MD 21703-3961

5,200 SF 0.3 ac lot Built 1984
Trust Owned 8-yr Hold ~ Est. High Equity
Property ID
US40-0922067
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction STEEL FRAME
Total area 5,200 SF
Lot 0.3 ac (13,101 SF)
Zoning code GC
APN 02-085054
UPID US40-0922067
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
  • Lovecraft (Bike/Boat/Book/etc) Store
  • Lovecraft Frederick (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$870k
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k
Owner & transaction history
Low,gordon B & Mary K Trust · 8 yrs held
Low,gordon B & Mary K Trust
since 2018
3 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
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
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