New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,025,000
Manufacturing properties
351 Ballenger Ctr Dr, Frederick, MD 21703-7383
Entity Owned
Free & Clear
Property ID
US40-1186406
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
STEEL FRAME
Total area
82,607 SF
Lot
22.82 ac (994,039 SF)
Zoning code
M-O
APN
02-232480
UPID
US40-1186406
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
-
Southeastern Computer Consultants Tech Support Center (Bike/Boat/Book/etc) Store
-
Jan Gallart, Broker, SWC Realty Real Estate Agency
-
Hank's Courier Service Inc. Courier Service Postal Service
-
Coronis Health Medical Billing Service Consultant
-
Brandon Thomas, SWC Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.03M
Owner & transaction history
Frederick Self Storage LLC
Frederick Self Storage LLC
since 2025
7 recorded transactions
Zoning & alternative use
M-O · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,635,000
6.5%
$9,815,000
7%
$9,115,000
Blend value · Realmo final
$11.03M
Range $9.92M – $12.13M · ±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
$133 / 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
$243,742
Tax year 2023
Assessed value
$13,134,400
Assessed 2023
Previous assessed
$13,074,933
+0.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$4,667,400
Assessed improvement
$8,467,000
Land market value
$4,667,400
Improvement market value
$8,467,000
Total market value
$13,134,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Stories
2
Units
2
Total area
82,607 SF
Lot
22.82 ac (994,039 SF)
Zoning code
M-O
APN
02-232480
UPID
US40-1186406
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
M-O · Frederick, MD
Zoning M-O · permitted uses
M-O · 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
2008
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Units
2
Lot
22.82 ac
Current owner
From public records · entity-resolved
Frederick Self Storage LLC
Entity
Free & Clear · 0 yrs held
Mailing address
351 BALLENGER CTR DR, FREDERICK, MD 21703-7383
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
$1,572,054
Frederick Self Storage LLC
Ace LLC
Special Warranty Deed
—
Oct 17, 2024
—
Ballenger Creek Development LLC
Ogden Newspapers Of Maryland LLC
Deed
—
Apr 26, 2018
—
Vertincal Bridge S3 Assets LLC
—
Deed
related
—
Aug 2, 2017
—
Vertical Bridge Dev LLC
—
Deed
related
—
Jun 18, 2017
$12,500,000
Ogden Newspapers Maryland LLC
Ace LLC
Grant Deed
—
May 18, 2017
$12,500,000
Ogden Newspapers Maryland LLC
Ace LLC
Grant Deed
—
Dec 22, 2004
—
Ace LLC
—
Deed Of Trust
related
$28,000,000 · Wachovia Bank NA
Dec 14, 2004
—
Mor Ballenger Creek LLC
Mor Ballenger Creek Lllp
Quit Claim Deed
related
—
—
—
Vertical Bridge Dev LLC
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 351 Ballenger Ctr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
