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Property profile & analytics
OFF-MARKET
Estimated value
$4,540,000
Automotive properties
1301 Patrick St, Frederick, MD 21701-3159
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1078548
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1987
Total area
25,077 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GC
APN
02-466449
UPID
US40-1078548
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
-
The Hub of Frederick Advertising Agency Marketing & Advertising
-
Grimes Systems Co Inc Trucking Company
-
Boscov's Department Store
-
Fredrick Towne Mall Shopping Center & Mall
-
Marks Equipment Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$4.54M
Owner & transaction history
Rch Investments LLC · 3 yrs held
Rch Investments LLC
since 2023
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.0M
+76.8%
Commercial (general)
$6.3M
+59.3%
Industrial (general)
$6.2M
+55.1%
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
$4,425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,965,000
Current use
RETAIL STORES
$7,010,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,315,000
Change: +59% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,150,000
Change: +55% · Conversion: Easy
WAREHOUSE, STORAGE
$3,490,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$4.54M
Range $4.09M – $4.99M · ±10% · vs last sale $4.60M (Jun 29 2023)
Last sale anchor
$4.60M
Jun 29 2023
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
$181 / 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
$54,472
Tax year 2023
Assessed value
$2,879,667
Assessed 2023
Previous assessed
$2,664,500
+8.1% YoY
Effective rate
1.89%
On assessed value
Land market value
$947,800
Improvement market value
$2,362,200
Total market value
$3,310,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
25,077 SF
Lot
2.72 ac (118,483 SF)
Zoning code
GC
APN
02-466449
UPID
US40-1078548
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Frederick, MD
Zoning GC · permitted uses
GC · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frederick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.0M
RETAIL STORES
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
Rch Investments LLC
Entity
Mailing address
9807 MDW ROCK DR, HAGERSTOWN, MD 21740-1863
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
—
Westlake One Partnership Lllp
—
Deed
related
$8,600,000 · Farmers And Merchants Bank
Jun 29, 2023
$4,595,200
Rch Investments LLC
Grimes Properties Vi LLC
Deed
$3,995,200 · Grimes Properties Vi LLC
Jun 29, 2023
—
Rch Investments LLC
—
Deed
related
$650,000 · Middletown Valley Bank
Feb 23, 2021
—
Grimes Properties Vii LLC
James S Grimes
Deed
—
Nov 7, 2019
—
The West Frederick Center LLP
—
Deed
related
$9,700,000 · First United Bank & Trust
Nov 17, 2017
—
Westlake One Ptshp Lllp
—
Grant Deed
related
$5,900,000 · Itria Ventures LLC
Jul 27, 2017
—
James S Grimes
Grimes,james S
Quitclaim Deed
related
$977,500 · Frederick Cnty Bk
Mar 17, 2017
$6,250,000
West Frederick Center Lllp
Frederick Towne Mall Assocs Ll
Grant Deed
$6,200,000 · Other Institutional Lenders
—
—
James S Grimes
—
Deed Of Trust
related
$1,400,000 · Frederick County Bank
—
—
James S Grimes
—
Deed Of Trust
related
$1,300,000 · Frederick County Bank
—
—
James S Grimes
—
Deed Of Trust
related
$100,000 · Frederick County Bank
—
—
James S Grimes
—
Deed Of Trust
related
$750,000 · Frederick County 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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