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Property profile & analytics
OFF-MARKET Estimated value $770,000
Investment properties

302 4th St Frederick, MD 21701-5708

2,785 SF 0.77 ac lot Built 1948
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US40-1404696
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1948
Total area 2,785 SF
Lot 0.77 ac (33,452 SF)
Zoning code DR
APN 02-122324
UPID US40-1404696
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
  • Talon Construction Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$733k
Blend (final) Blend
$770k
Owner & transaction history
Rick Jones Properties 2 LLC · 1 yrs held
Rick Jones Properties 2 LLC
since 2025
Last sale
$785,000
7 recorded transactions
2025
$785,000
2024
$80,000
2017
Price N/A
2003
$375,000
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DR · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.0M +43.9%
Retail stores $780,000 +11.0%
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