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Property profile & analytics
OFF-MARKET
Retail space
15 Carroll St Frederick, MD 21701-5606
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2266706
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
BRICK
Total area
1,458 SF
Lot
0.02 ac (916 SF)
Zoning code
DB
APN
02-119420
UPID
US40-2266706
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
-
MIDAR Cigars (Bike/Boat/Book/etc) Store
-
MIDAR Beer and Wine Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
15 S Carroll Street LLC · 5 yrs held
15 S Carroll Street LLC
since 2021
Last sale
$325,000
6 recorded transactions
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It allows most office and retail activities as well as high density residential uses. To encourage the implementation of this objective, certain parking requirements are relaxed for development or redevelopment in this distri…
Zone name
Downtown Commercial And Residential
General category
COMMERCIAL
Zone area
207.36 ac
Source
ARTICLE 4 - ZONING
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,162
Tax year 2023
Assessed value
$284,600
Assessed 2023
Previous assessed
$270,800
+5.1% YoY
Effective rate
1.11%
On assessed value
Land market value
$96,100
Improvement market value
$216,100
Total market value
$312,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
1,458 SF
Lot
0.02 ac (916 SF)
Zoning code
DB
APN
02-119420
UPID
US40-2266706
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
DB · Frederick, MDZoning DB · permitted uses
DB · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It allows most office and retail activities as well as high density residential uses. To encourage the implementation of this objective, certain parking requirements are relaxed for development or redevelopment in this district. District Established Purpose M1 (Light Industrial) The M1 district is intended to provide for offices and those industrial activities which do not require special measures to control odor, dust or noise and which do not involve hazardous materials and whose
Zone name
Downtown Commercial And Residential
General category
COMMERCIAL
Zone area
207.36 ac
Source
ARTICLE 4 - ZONING
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
15 S Carroll Street LLC
Entity
Mailing address
4843 WILLETT PKWY, BETHESDA, MD 20815-6401
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2021
$325,000
15 S Carroll Street LLC
Charless Development LLC
Deed
$243,750 · Fulton Bank NA
Dec 21, 2017
$275,000
Charless Dev LLC
Big Bark LLC
Grant Deed
—
Sep 14, 2004
$165,000
Big Bark LLC
Busch,theodore E
Grant Deed
—
Aug 15, 2003
$145,000
Theodore E Busch
Izadi,rafat & Mahnaz R
Grant Deed
$116,000 · Frederick County Bank
Oct 3, 2002
$102,000
Rafat Izadi
Warner,lynne M
Grant Deed
—
Oct 6, 1997
$112,500
Lynn M Warner
Williams,judith W
Grant Deed
$34,500 · Seller
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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