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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Banks
31 Patrick St Frederick, MD 21701-5553
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0162113
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,400 SF
Lot
0.62 ac (26,907 SF)
Zoning code
DB
APN
02-063182
UPID
US40-0162113
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
-
Law Offices of Stanley Tashoff Law Firm
-
Alan J. Nuta, Attorney at Law Law Firm
-
Flynn & Clarke, LLC Law Firm
-
Frederick MADE Clothing & Fashion Store
-
Lisa Sirbaugh Creative | Graphic Design & Branding Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$570k
Owner & transaction history
Landsdale Homeowners Assoc · 5 yrs held
Landsdale Homeowners Assoc
since 2020
4 recorded transactions
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+42.5%
Auto repair, garage
$605,000
+8.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$560,000
Current use
RETAIL STORES
$800,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
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
$62,630
Tax year 2023
Assessed value
$3,355,800
Assessed 2023
Previous assessed
$3,369,300
-0.4% YoY
Effective rate
1.87%
On assessed value
Assessed land
$1,130,000
Assessed improvement
$2,225,800
Land market value
$1,130,000
Improvement market value
$2,225,800
Total market value
$3,355,800
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
5
Units
47
Total area
4,400 SF
Lot
0.62 ac (26,907 SF)
Zoning code
DB
APN
02-063182
UPID
US40-0162113
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
DB · Frederick, MD
Zoning DB · permitted uses
DB · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frederick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$560,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$460,000
FINANCIAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
5
Units
47
Lot
0.62 ac
Current owner
From public records · entity-resolved
Landsdale Homeowners Assoc
Individual
Free & Clear · 5 yrs held
Mailing address
8975 GUILFORD RD STE #100, COLUMBIA, MD 21046-2390
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
—
Landsdale Homeowners Assoc
Monocacy Invstmnt Ci LLC
Grant Deed
related
—
—
—
Francis S Key Hotel Associates
—
Deed Of Trust
related
$4,587,600 · Reilly Mortgage Group INC
—
—
Francis S Key Hotel Associates
—
Deed Of Trust
related
$1,100,000 · Housing & Community Dev (md)
—
—
Francis S Key Hotel Assocs LP
—
Deed Of Trust
related
$617,800 · Hud
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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