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Property profile & analytics
OFF-MARKET
Estimated value
$12,625,000
Apartment buildings
1705 Market St, Frederick, MD 21701-4348
Entity Owned
10-yr Hold
Property ID
US40-0645186
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
WOOD FRAME
Total area
114,012 SF
Lot
4.83 ac (210,395 SF)
Zoning code
R6
APN
02-030616
UPID
US40-0645186
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
-
Magnolia Dentistry on Market Dental Office
-
HOTWORX - Frederick, MD (Bottling Plant) Gym & Fitness Center
-
Cugino Forno Frederick Restaurant
-
Dr. Caprice Marjenin Dental Office
-
MD Performance Auto Parts 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
$12.63M
Owner & transaction history
The Commons On North Market LLC · 10 yrs held
The Commons On North Market LLC
since 2016
1 recorded transaction
Zoning & alternative use
R6 · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RETAIL STORES
$20,740,000
Change: 0% · Conversion: Difficult
RESTAURANT
$20,555,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,715,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,980,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,750,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$12.63M
Range $11.36M – $13.89M · ±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
$111 / 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
$346,512
Tax year 2023
Assessed value
$19,040,900
Assessed 2023
Previous assessed
$19,040,900
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,814,600
Assessed improvement
$17,226,300
Land market value
$1,814,600
Improvement market value
$17,226,300
Total market value
$19,040,900
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Units
86
Total area
114,012 SF
Lot
4.83 ac (210,395 SF)
Zoning code
R6
APN
02-030616
UPID
US40-0645186
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R6 · Frederick, MD
Zoning R6 · permitted uses
R6 · 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
RETAIL STORES
Est. value
$20.7M
RESTAURANT
Est. value
$20.6M
AUTO REPAIR, GARAGE
Est. value
$15.7M
INDUSTRIAL (GENERAL)
Est. value
$13.0M
WAREHOUSE, STORAGE
Est. value
$12.8M
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2019
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
86
Lot
4.83 ac
Current owner
From public records · entity-resolved
The Commons On North Market LLC
Entity
Mailing address
817 LINSLADE ST UNIT UNIT, GAITHERSBURG, MD 20878-2129
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2016
$1,625,000
The Commons On North Market LLC
Coca Cola Refreshments USA INC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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