Property profile

244 2nd St Frederick, MD 21701

OFF-MARKET
Warehouses
Property ID
US40-1543856
14,976 SF 0.14 ac lot Built 1910
Entity Owned 23-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1910
Construction BRICK
Total area 14,976 SF
Lot 0.14 ac (5,924 SF)
Zoning code DB
APN 02-016761
UPID US40-1543856

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

244 2nd St Frederick, MD 21701
Frederick metro Census 750200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.17M

Owner & transaction history

since 2002
2 recorded transactions
2002
Price N/A
2002
$7,260

Zoning & alternative use

DB · Frederick, MD
Zoning description

DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It allows most office and retail activities as well as high density residential uses.…

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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