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Property profile & analytics
FOR LEASE
Office buildings
17750 Creamery Rd, Emmitsburg, MD 21727
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1174273
For Lease
1 / 12
$20 SF/Yr
17750 Creamery Rd, Emmitsburg, MD 21727
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
WOOD
Total area
10,584 SF
Lot
2.67 ac (116,305 SF)
Zoning code
IP
APN
05-159970
UPID
US40-1174273
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
-
Emmitsburg Community Baptist Church Church
-
Enterprise Wireless Alliance Charitable Organization Social Service Agency
-
Blue Line Roofing & Exteriors Roofing Company General Contractor
-
Builders FirstSource Big Box & Wholesale Store Building Supply
-
Ashley Johnson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$2.96M
Owner & transaction history
Peter Zachariadis Christofer · 6 yrs held
Peter Zachariadis Christofer
since 2019
4 recorded transactions
Zoning & alternative use
IP · Emmitsburg, 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 Emmitsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emmitsburg 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%
$3,445,000
6.5%
$3,180,000
7%
$2,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,355,000
Current use
RESTAURANT
$3,310,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.96M
Range $2.66M – $3.25M · ±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
$279 / 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
$42,393
Tax year 2023
Assessed value
$2,761,500
Assessed 2023
Previous assessed
$2,621,200
+5.4% YoY
Effective rate
1.54%
On assessed value
Assessed land
$261,600
Assessed improvement
$2,499,900
Land market value
$261,600
Improvement market value
$2,499,900
Total market value
$2,761,500
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
WOOD
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
10,584 SF
Lot
2.67 ac (116,305 SF)
Zoning code
IP
APN
05-159970
UPID
US40-1174273
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IP · Emmitsburg, MD
Zoning IP · permitted uses
IP · Emmitsburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Emmitsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING Current
RESTAURANT
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
2001
Construction
WOOD
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.67 ac
Current owner
From public records · entity-resolved
Peter Zachariadis Christofer
Individual
Mailing address
314 W COLLEGE TER, FREDERICK, MD 21701-4846
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2019
$3,550,000
Peter Zachariadis Christofer
Catoctin Holdings LLC
Deed
$2,825,000 · Middletown Valley Bank
Dec 18, 2006
$3,000,000
Catoctin Holdings LLC
Seton Square Properties LLC
Grant Deed
$2,400,000 · Farmers & Mechanics Bank
Oct 26, 1999
$160,000
Seton Square Properties LLC
Cureton Family Partnership
Grant Deed
—
—
—
Catoctin Holdings LLC
—
Deed Of Trust
related
$2,200,000 · Blue Ridge Bank & Trust Co
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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