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Property profile & analytics
OFF-MARKET
Medical Office Space
223 Main St, Frostburg, MD 21532-1522
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0412790
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
BRICK
Total area
2,825 SF
Lot
0.21 ac (9,075 SF)
Zoning code
C2
APN
12-012462
UPID
US40-0412790
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
225 E Main Street Frostburg LLC · 2 yrs held
225 E Main Street Frostburg LLC
since 2024
Last sale
$345,000
5 recorded transactions
Zoning & alternative use
C2 · Frostburg, 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 Frostburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frostburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,898
Tax year 2023
Assessed value
$187,867
Assessed 2023
Previous assessed
$178,500
+5.2% YoY
Effective rate
1.01%
On assessed value
Land market value
$36,300
Improvement market value
$170,300
Total market value
$206,600
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
2,825 SF
Lot
0.21 ac (9,075 SF)
Zoning code
C2
APN
12-012462
UPID
US40-0412790
Jurisdiction
ALLEGANY
Zoning & alternative use
C2 · Frostburg, MD
Zoning C2 · permitted uses
C2 · Frostburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frostburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
225 E Main Street Frostburg LLC
Entity
Mailing address
157 BALTIMORE ST, CUMBERLAND, MD 21502-2472
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$345,000
225 E Main Street Frostburg LLC
Adk Enterprises LLC
Deed
$355,000 · First Peoples Community FCU
Oct 2, 2013
$275,000
Weimer Holding LLC
Martino,vincent E
Grant Deed
$220,000 · First Peoples Community FCU
Dec 13, 2002
$110,000
Adk Enterprises LLC
Schonek,wilbur E Est
Grant Deed
$110,000 · Farmers & Merchants Bk & Tr
—
—
Adk Enterprises LLC
—
Deed Of Trust
related
$50,000 · Farmers & Merchants Bk & Tr
—
—
Adk Ents LLC
—
Deed Of Trust
related
$170,000 · Susquehanna Bank
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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