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Property profile & analytics
OFF-MARKET
Estimated value
$3,405,000
Hospitals
347 Ballenger Ctr Dr Frederick, MD 21703-7095
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-1838604
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2015
Construction
FRAME
Total area
59,316 SF
Lot
5.66 ac (246,550 SF)
Zoning code
MO
APN
02-588352
UPID
US40-1838604
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
-
Ballenger Creek Center Nursing Home Retirement Community
-
Grandma miller place Nursing Home
-
Autumn Lake Healthcare at Ballenger Creek Nursing Home
-
Teal Hutzler Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.41M
Owner & transaction history
Lg Ohi Frederick LLC · 9 yrs held
Lg Ohi Frederick LLC
since 2016
6 recorded transactions
Zoning & alternative use
MO · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$57 / 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
$178,001
Tax year 2023
Assessed value
$9,693,000
Assessed 2023
Previous assessed
$9,693,000
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$2,465,400
Assessed improvement
$7,227,600
Land market value
$2,465,400
Improvement market value
$7,227,600
Total market value
$9,693,000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
130
Total area
59,316 SF
Lot
5.66 ac (246,550 SF)
Zoning code
MO
APN
02-588352
UPID
US40-1838604
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MO · Frederick, MD
Zoning MO · permitted uses
MO · 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.
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
130
Lot
5.66 ac
Current owner
From public records · entity-resolved
Lg Ohi Frederick LLC
Entity
Mailing address
303 INTERNATIONAL CIR STE #200, HUNT VALLEY, MD 21030-1359
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Lg Ohi Frederick LLC
—
Deed
related
$260,000,000 · First Citizens Bank & Trust Co
Jun 21, 2021
—
Lg Ohi Frederick LLC
—
Deed
related
$285,000,000 · Capital Funding
Jun 7, 2021
—
Lg Ohi Frederick LLC
—
Deed
related
$66,726,045 · Lg Ohi Reit 2 LLC
Dec 20, 2016
—
Lg-ohi Frederick LLC
—
Deed
related
$267,500,000 · Citigroup Global Markets Rlty
Dec 1, 2016
—
Lg Ohi Frederick LLC
Fc Gen Real Estate LLC
Deed
$535,000 · Citigroup Global Markets Realituy Vorp
May 9, 2013
$2,466,140
Fc-gen Real Eastate LLC
Ace LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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