Property profile

2 Patrick St Frederick, MD 21701

OFF-MARKET
Commercial land
Property ID
US40-1867119
2.18 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.18 ac (94,961 SF)
Zoning code GC
APN 02-604902
UPID US40-1867119

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
  • Wedding Service
  • Real Estate Agency
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center
  • Corporate Office

Location

2 Patrick St Frederick, MD 21701-5628
Frederick metro Census 750200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.94M

Owner & transaction history

since 2023
Last sale
$4.0M
1 recorded transaction
2023
$4.0M

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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