Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1460 Patrick St, Unit B Frederick, MD 21702-4915

    • Retail space
    • 13,640 SF
    • 4.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2024
    $4,700,000
    Value Estimations
    $4,700,000
    Show details
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence
    Property ID
    US40-0008355
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kreimer's Karate Institute Inc / Training Center / Sports School
    • MoneyGram / Bank / Credit Union
    • Divine Athletics Cheer / Gym & Fitness Center
    • Scott Academy of martial arts / Training Center / Sports School
    • MARYLAND TIRE & AUTO LLC / Auto Parts Store / Discount Store

    Property Details for 1460 Patrick St

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.19 lot acres
    Property size
    13,640 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    02-057484
    APU
    2057484

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,700,000
      ML approach
      $4,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,938,000
      Market price range: $2.11M - $5.94M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,815,000
      Current use
      RESTAURANT
      $4,265,000
      Change: +12% Conversion: Easy
      OFFICE BUILDING
      $3,605,000
      Change: -5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,555,000
      Change: -7% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,345,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4664
    Latitude
    39.4208
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,464
    $3,395,200
    $1,384,700
    $4,779,900
    -
    $3,395,200
    $1,384,700
    $4,779,900

    Comparable in this City

    • Value Estimation
      $970,000
      7,076 SF

      6905 Baltimore National Pike

      RETAIL STORES (PERSONAL SERVICES) • 7,076 SF
      6905 Baltimore National Pike, Frederick, MD 21702-3610
      View Details
    • Value Estimation
      $1,390,000
      12,960 SF

      1003 Patrick St

      RETAIL STORES (PERSONAL SERVICES) • 12,960 SF
      1003 Patrick St, Frederick, MD 21702-3939
      View Details
    • Value Estimation by Request
      1,425 SF

      1440 Patrick St

      RETAIL STORES (PERSONAL SERVICES) • 1,425 SF
      1440 Patrick St, Frederick, MD 21702-3750
      View Details
    • Value Estimation
      $860,000
      6,328 SF

      1828 Rosemont Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,328 SF
      1828 Rosemont Ave, Frederick, MD 21702-8250
      View Details
    • Value Estimation
      $2,745,000
      11,150 SF

      1000 Key Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 11,150 SF
      1000 Key Pkwy, Frederick, MD 21702-4056
      View Details
    • Value Estimation
      $1,765,000
      10,107 SF

      2020 Yellow Spgs Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,107 SF
      2020 Yellow Spgs Rd, Frederick, MD 21702-2304
      View Details

    Similar Nearby for Sale

    • $2,250,000

      Versatile Commercial Property For Sale

      Spacious property with showroom, warehouse, and excellent accessibility.
      6905 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $2,750,000
      12,351 SF

      Baltimore Pike Commercial Complex

      Multi-building retail & warehouse opportunity
      6905 Baltimore National Pike, Frederick, MD 21702
      View Details
    • $420,000

      Lakeside Drive Specialty Property

      Specialty property available for sale on Lakeside Drive.
      2457 Lakeside Dr, Frederick, MD 21702
      View Details
    • $167,000

      North Frederick Condo Unit

      Cozy condo unit in North Frederick with investment potential.
      997 Heather Ridge Dr, Frederick, MD 21702
      View Details
    • $495,000

      Frederick Specialty Property For Sale

      Specialty property available for purchase in Frederick, Maryland.
      7125 Edgemont Rd, Frederick, MD 21702
      View Details
    • $665,000

      Frederick Specialty Property For Sale

      Specialty property available for purchase in Frederick, Maryland.
      413 Bucklebury Ln, Frederick, MD 21702
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,542 SF

      Retail Space in Renovated Center

      Retail space available in a well-located, anchored shopping center.
      107 Baughmans Ln, Frederick, MD 21702
      View Details
    • Contact for pricing
      4,770 SF

      Freestanding Building on Golden Mile

      4,770 SF retail building with high visibility and signage.
      1328 W Patrick St, Frederick, MD 21702
      View Details
    • $1,350 /Mo

      Retail Space For Rent

      Retail space available for lease.
      184 Thomas Johnson Dr, Frederick, MD 21702
      View Details
    • Contact for pricing
      227,382 SF

      Frederick County Retail Center

      Prime Frederick location, multiple suites available.
      1003 Patrick St, Frederick, MD 21702
      View Details
    • Contact for pricing
      227,000 SF

      Frederick County Retail Center

      Prime Frederick retail space available.
      1003 Patrick St, Frederick, MD 21702
      View Details
    • Contact for pricing
      3,424 SF

      Frederick Retail Space For Lease

      Prime Frederick location, 3,424 sq ft restaurant space.
      1275 Patrick St, Frederick, MD 21702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1460 Patrick St, Unit B
    Frederick, MD 21702-4915
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!