Sign Up Successful!
You now have access to more from Realmo!
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

    1705 Market St Frederick, MD 21701-4348

    • Apartment buildings
    • 114,012 SF
    • 4.83 lot acres
    OFF-MARKET
    Value Estimations
    $12,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0645186
    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

    • 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

    Property Details for 1705 Market St

    Year built
    2019
    Construction
    WOOD FRAME
    Lot size
    4.83 lot acres
    Property size
    114,012 SF
    Zone code
    R6
    Property type
    Apartment buildings
    APN
    02-030616
    APU
    2030616

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $20,740,000
      RESTAURANT
      $20,555,000
      AUTO REPAIR, GARAGE
      $15,715,000
      INDUSTRIAL (GENERAL)
      $12,980,000
      WAREHOUSE, STORAGE
      $12,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.403
    Latitude
    39.4369
    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
    $346,512
    $1,814,600
    $17,226,300
    $19,040,900
    -
    $1,814,600
    $17,226,300
    $19,040,900

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      8410 Broadband Dr

      APARTMENT HOUSE (100+ UNITS) • 1,000 SF
      8410 Broadband Dr, Frederick, MD 21701-4731
      View Details
    • Value Estimation
      $2,510,000
      20,310 SF

      11 16th St

      APARTMENT HOUSE (5+ UNITS) • 20,310 SF
      11 16th St, Frederick, MD 21701-4498
      View Details
    • Value Estimation by Request
      4,370 SF

      700 Motter Ave

      APARTMENT HOUSE (5+ UNITS) • 4,370 SF
      700 Motter Ave, Frederick, MD 21701-5089
      View Details
    • Value Estimation by Request
      95,435 SF

      520 Market St

      APARTMENT HOUSE (5+ UNITS) • 95,435 SF
      520 Market St, Frederick, MD 21701-5478
      View Details
    • Value Estimation by Request
      6,246 SF

      128 Market St

      APARTMENT HOUSE (5+ UNITS) • 6,246 SF
      128 Market St, Frederick, MD 21701-6972
      View Details
    • Value Estimation by Request
      11,940 SF

      729 Market St

      APARTMENT HOUSE (5+ UNITS) • 11,940 SF
      729 Market St, Frederick, MD 21701-5246
      View Details

    Similar Nearby for Sale

    • $424,000

      Historic Brick Shell with Potential

      Historic brick shell offering unmatched flexibility for various uses.
      155 W Patrick St, Frederick, MD 21701
      View Details
    • $546,990

      Modern Townhome in Historic Downtown

      4BR, 3.5BA Auburn townhome in amenity-rich Renn Quarter.
      425 Ensemble Way, Frederick, MD 21701
      View Details
    • $271,999

      Well-Maintained Condo with Updates

      Updated condo near amenities with cathedral ceilings and recent upgrades.
      1603 Berry Rose Ct, Frederick, MD 21701
      View Details
    • $474,900

      Frederick Townhomes Near Amenities

      Townhomes in a walkable community near restaurants and retail.
      104 Spg Bank Way, Frederick, MD 21701
      View Details
    • $895,000
      3,840 SF

      Remodeled Multi-Family in Downtown Frederick

      Updated 3-unit property near shops, restaurants, and Carroll Creek.
      230 S Market St, Frederick, MD 21701
      View Details
    • $485,000

      Townhouse Duplex with Conversion Potential

      Two-unit townhouse, potential single-family conversion, two parking spaces.
      218 S Market St, Frederick, MD 21701
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      1,200 SF

      Updated Duplex in Downtown Frederick

      Charming duplex with updated features and a convenient downtown location.
      608 Trail Ave, Frederick, MD 21701
      View Details
    • $2,550 /Mo
      1,604 SF

      Frederick Townhome Near Downtown

      Two-bedroom townhome near historic downtown Frederick's restaurants and shops.
      611 E 7Th St, Frederick, MD 21701
      View Details
    • $16 SF/Yr
      4,800 SF

      Prime Frederick Office Space

      Executive Suites, 1200-3600 sq ft
      44 Market St, Frederick, MD 21701
      View Details
    • Contact for pricing
      10,165 SF

      Frederick Medical Office Suite A

      1,549 SF Medical Office Space Available
      197 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • $12 SF/Yr
      800 SF

      Functional Office Space Available

      800 SF office space with open layout and parking.
      605 E Church St, Frederick, MD 21701
      View Details
    • $12 SF/Yr
      8,700 SF

      Frederick Warehouse with Office Space

      8,700 SF warehouse with air-conditioned office space for lease.
      1341 Hughes Ford Rd, Frederick, MD 21701
      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.
    1705 Market St
    Frederick, MD 21701-4348
    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.