Property profile

1505 Garrett Dr Frederick, MD 21702

OFF-MARKET
Turn key restaurants
Property ID
US40-0763594
6,009 SF 1.27 ac lot Built 1995
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction WOOD
Total area 6,009 SF
Lot 1.27 ac (55,397 SF)
Zoning code GC
APN 02-195739
UPID US40-0763594

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1505 Garrett Dr Frederick, MD 21702-3799
Frederick metro Census 750506 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$632k
Blend (final) Blend
$680k

Owner & transaction history

since 2016
1 recorded transaction
2016
$975,624

Zoning & alternative use

GC · Frederick, MD
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 resi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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