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    Property profile & analytics

    302 4Th St Frederick, MD 21701

    • Investment properties
    • 2,785 SF
    • 0.77 lot acres
    For Sale
    View listing
    $785,000
    Value Estimation
    Last Sale
    Mar 05, 2025
    $785,000
    Location Intelligence
    Property ID
    US40-1404696
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Talon Construction Inc / Contractor / General Contractor

    Property Details for 302 4Th St

    Year built
    1948
    Lot size
    0.77 lot acres
    Property size
    2,785 SF
    Zone code
    DR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    02-122324
    APU
    2122324

    Description

    This exceptional income-producing commercial property, located in the heart of Frederick's business district, presents a unique investment opportunity. The main building, a three-story office building with a full basement, offers 5,699 square feet of space and is currently leased until June 30, 2026, ensuring immediate cash flow. The building is in good condition and features central gas heating and electric air conditioning systems, both in excellent working order. A fully functional security system enhances the property's safety and security. Adding to its versatility, a substantial 40 x 45 foot pole building provides ample storage and shop space, ideal for various business needs. The property sits on a half-acre lot (0.5 acres), zoned M-1 Light Industrial, offering flexibility for future development or expansion. Detailed lot information, including Lot 2, is available upon request. Showings are available weekdays between 8 AM and 5 PM. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving business location. Don't miss out on this chance to own a piece of Frederick's commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $885,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $855,000
      Geo Method
      $850,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $725,000
      Retail
      $690,000
      Mixed-Use
      $795,000
      Hospitality
      $660,000
      Educational
      $675,000
      Residential Income
      $805,000
      Energy
      $760,000
      Income-Based Land
      $675,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4033
    Latitude
    39.4182
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,710
    $0.00
    $0.00
    $530,367
    -
    $234,100
    $332,200
    $566,300

    Comparable in this City

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      212 Market St Sta, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 4,690 SF
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      10409 Old Liberty Rd

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      1005 Patrick St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,724 SF
      1005 Patrick St, Frederick, MD 21701-3119
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    • Value Estimation by Request
      1,710 SF

      230 Patrick St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,710 SF
      230 Patrick St, Frederick, MD 21701-5676
      View Details

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    302 4Th St
    Frederick, MD 21701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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