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Property profile & analytics
FOR LEASE
Medical Office Space
1475 Taney Ave, Frederick, MD 21702
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0110398
For Lease
1 / 2
$24 SF/Yr
1475 Taney Ave, Frederick, MD 21702
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,944 SF
Lot
1.22 ac (53,143 SF)
Zoning code
R20
APN
02-129280
UPID
US40-0110398
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 Pediatric Center of Frederick Pediatrician Medical Clinic
-
Harshberger Waldo B DDS Dental Office
-
Ginsburg Mitchell PHD Physician Medical Clinic
-
Hudak David J Lcsw C Physician
-
Dr. Alexandra Cassotta, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.90M
Owner & transaction history
Pcf Properties LLC · 1 yrs held
Pcf Properties LLC
since 2024
5 recorded transactions
Zoning & alternative use
R20 · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+94.5%
Commercial (general)
$3.8M
+80.5%
Restaurant
$3.6M
+71.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,095,000
Current use
OFFICE BUILDING
$4,075,000
Change: +95% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,780,000
Change: +81% · Conversion: Easy
RESTAURANT
$3,595,000
Change: +72% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,075,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,055,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,030,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10%
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
$145 / 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
$78,366
Tax year 2023
Assessed value
$4,335,900
Assessed 2023
Previous assessed
$4,022,833
+7.8% YoY
Effective rate
1.81%
On assessed value
Assessed land
$503,700
Assessed improvement
$3,832,200
Land market value
$503,700
Improvement market value
$3,832,200
Total market value
$4,335,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
19,944 SF
Lot
1.22 ac (53,143 SF)
Zoning code
R20
APN
02-129280
UPID
US40-0110398
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R20 · Frederick, MD
Zoning R20 · permitted uses
R20 · 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
MEDICAL BUILDING Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RESTAURANT
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Pcf Properties LLC
Entity
Mailing address
11 CANAL SIDE MEWS EE, OCEAN CITY, MD 21842-7589
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$2,475,000
Pcf Properties LLC
Dpj Properties LLC
Deed
$2,350,000 · Woodsboro Bank
Jan 3, 2020
—
Dpj Properties LLC
Patricia Economides
Grant Deed
—
Dec 12, 2012
—
Patricia Economides
Cokinos,christine
Grant Deed
related
—
Apr 30, 2008
—
Christine Cokinos
Cokinos,christine
Quit Claim Deed
related
—
May 4, 2005
$3,500,000
Christine Cokinos
Amber Ridge Medical Surgical Ctr
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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