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Property profile & analytics
OFF-MARKET
Retail space
304 Patrick St Frederick, MD 21701-4889
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0394560
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
BRICK
Total area
619 SF
Lot
0.11 ac (4,663 SF)
Zoning code
DB
APN
02-128241
UPID
US40-0394560
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
-
Able Locksmiths LLC Locksmith
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
Able Lock Smiths LLC · 1 yrs held
Able Lock Smiths LLC
since 2024
7 recorded transactions
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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. To encourage the implementation of this objective, certain parking requirements are relaxed for development or redevelopment in this distri…
Zone name
Downtown Commercial And Residential
General category
COMMERCIAL
Zone area
207.36 ac
Source
ARTICLE 4 - ZONING
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
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
$2,398
Tax year 2023
Assessed value
$131,067
Assessed 2023
Previous assessed
$131,067
+0.0% YoY
Effective rate
1.83%
On assessed value
Land market value
$87,900
Improvement market value
$62,700
Total market value
$150,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1890
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
619 SF
Lot
0.11 ac (4,663 SF)
Zoning code
DB
APN
02-128241
UPID
US40-0394560
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
DB · Frederick, MDZoning DB · permitted uses
DB · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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. To encourage the implementation of this objective, certain parking requirements are relaxed for development or redevelopment in this district. District Established Purpose M1 (Light Industrial) The M1 district is intended to provide for offices and those industrial activities which do not require special measures to control odor, dust or noise and which do not involve hazardous materials and whose
Zone name
Downtown Commercial And Residential
General category
COMMERCIAL
Zone area
207.36 ac
Source
ARTICLE 4 - ZONING
Building & site characteristics
From public records
Year built
1890
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Able Lock Smiths LLC
Entity
Free & Clear · 1 yrs held
Mailing address
304 W PATRICK ST, FREDERICK, MD 21701-4889
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Able Lock Smiths LLC
Christopher K Christie
Deed
—
Sep 18, 2024
$285,900
Benjamin C Mosby
Shannon Anne Flannery
Deed
—
Oct 27, 2023
—
Christopher K Christie
Barbara K Christie
Intrafamily Transfer
related
—
May 1, 2023
—
Shannon Anne Flannery
—
Deed
related
$189,769 · Nfm INC
Apr 7, 2023
—
Shannon Anne Flannery
Everything Maryland LLC
Deed
—
Jan 24, 2023
$183,500
Everything Maryland LLC
David A Hunter
Deed
—
Apr 24, 2019
—
Barbara K Christie
Christie,barbara K
Quit Claim Deed
related
—
Jan 4, 2012
$107,000
Christie Chester JR.
Crome,catherine E
Grant Deed
—
Apr 2, 2002
$84,000
Catherine E Crome
Myers,robert L & Doris M
Grant Deed
$50,000 · Farmers & Mechanics Bank
Apr 15, 1999
$68,000
Robert L Myers
Hunter,ray A & Nancy L
Grant Deed
$56,000 · Fredericktown Bank & Trust Co
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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