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Property profile & analytics
OFF-MARKET Estimated value $570,000
Grocery and convenience stores

1380 Patrick St Frederick, MD 21703-3850

1,855 SF 1.48 ac lot Built 1996
Entity Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US40-1321975
Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1996
Construction BRICK
Total area 1,855 SF
Lot 1.48 ac (64,381 SF)
Zoning code GC
APN 02-209675
UPID US40-1321975
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
  • Exxon Gas Station
  • M&T Bank ATM Atm
  • Tacos El Compa Take-out & Catering Catering Service
  • La Parada Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
$740k
Comparable Approach Comparable
$549k
Blend (final) Blend
$570k
Owner & transaction history
Southside Oil LLC · 16 yrs held
Southside Oil LLC
since 2010
2 recorded transactions
2010
Price N/A
2010
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
Top alternative use upside
Commercial (general) $420,000 +264.8%
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