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Property profile & analytics
OFF-MARKET
Estimated value
$9,840,000
Hospitals
200 16th St Frederick, MD 21701-4400
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1174043
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1985
Construction
BRICK
Total area
69,424 SF
Lot
8.33 ac (362,855 SF)
Zoning code
IST
APN
02-139324
UPID
US40-1174043
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
-
Northampton Manor Nursing and Rehabilitation Center Nursing Home
-
Jones Ppatricia A Physician
-
Rehab Care Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.24M
Blend (final)
Blend
$9.84M
Owner & transaction history
Northampton Manor INC · 7 yrs held
Northampton Manor INC
since 2018
6 recorded transactions
Zoning & alternative use
IST · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.3M
+123.5%
Retail stores
$12.6M
+73.3%
Restaurant
$12.5M
+71.7%
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
MEDICAL BUILDING
$7,290,000
Current use
COMMERCIAL (GENERAL)
$16,290,000
Change: +124% · Conversion: Easy
RETAIL STORES
$12,630,000
Change: +73% · Conversion: Difficult
RESTAURANT
$12,515,000
Change: +72% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,570,000
Change: +31% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,905,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,765,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$9.84M
Range $8.86M – $10.82M · ±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
$142 / 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
$278,424
Tax year 2023
Assessed value
$15,244,400
Assessed 2023
Previous assessed
$15,024,700
+1.5% YoY
Effective rate
1.83%
On assessed value
Assessed land
$3,129,500
Assessed improvement
$12,114,900
Land market value
$3,129,500
Improvement market value
$12,114,900
Total market value
$15,244,400
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
190
Total area
69,424 SF
Lot
8.33 ac (362,855 SF)
Zoning code
IST
APN
02-139324
UPID
US40-1174043
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IST · Frederick, MD
Zoning IST · permitted uses
IST · 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
MEDICAL BUILDING Current
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$16.3M
RETAIL STORES
Est. value
$12.6M
RESTAURANT
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$7.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
1985
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
190
Lot
8.33 ac
Current owner
From public records · entity-resolved
Northampton Manor INC
Entity
Free & Clear · 7 yrs held
Mailing address
5305 VLG CRK DR, PLANO, TX 75093-4810
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2019
—
East Sixteenth Realty LLC
—
Deed
related
$23,848,000 · Capital Fndg
Oct 1, 2018
—
Northampton Manor INC
Grand Lodge Of Maryland Of The
Quit Claim Deed
related
—
Dec 29, 2016
—
East Sixteenth Realty LLC
—
Deed
related
$134,625,000 · Bank Of Tx
Jan 7, 2016
$17,475,425
Northampton Manor Realty LLC
Northampton Manor INC
Trustees Deed
$64,000,000 · Oxford Fin
—
—
East Sixteenth Realty LLC
—
Deed Of Trust
related
$23,848,000 · Capital Fndg
—
—
Northampton Manor INC
—
Deed Of Trust
related
$11,217,900 · Red Mortgage Capital INC
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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