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Property profile & analytics
FOR SALE
Investment properties
3535 Urbana Pike Frederick, MD 21704
Entity Owned
15-yr Hold
Property ID
US40-1941406
For Sale
1 / 27
$2,500,000
3535 Urbana Pike, Frederick, MD 21704
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
808 SF
Lot
0.45 ac (19,602 SF)
Zoning code
VC
APN
07-199228
UPID
US40-1941406
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
-
Sierra Construction Construction Company
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
Urbana One LLC · 15 yrs held
Urbana One LLC
since 2011
7 recorded transactions
Zoning & alternative use
VC · 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
—
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
$3,565
Tax year 2023
Assessed value
$291,567
Assessed 2023
Previous assessed
$399,100
-26.9% YoY
Effective rate
1.22%
On assessed value
Land market value
$147,000
Improvement market value
$147,300
Total market value
$294,300
Applied tax rate
7.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1950
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
808 SF
Lot
0.45 ac (19,602 SF)
Zoning code
VC
APN
07-199228
UPID
US40-1941406
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
VC · Frederick, MD
Zoning VC · permitted uses
VC · 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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Urbana One LLC
Entity
Mailing address
5340 SPECTRUM DR STE J, FREDERICK, MD 21703-7357
Ownership since
2011
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
Jul 30, 2021
—
Urbana One LLC
—
Deed
related
$590,000 · The Schroyer Family Trust
Dec 23, 2019
—
Urbana One LLC
—
Deed
related
$400,000 · Nymeo FCU
May 4, 2011
$50,000
Urbana One LLC
Diamond Cindy R
Trustees Deed
—
Dec 9, 2004
$390,000
Swaminarayan Investments
Harris,rovena O
Grant Deed
$312,000 · Sandy Spring Bank
Nov 6, 2002
$204,900
Rovena O Harris
Gillespie,rexel P & Karen L
Grant Deed
—
Mar 10, 2000
$100,000
Rexel P Gillespie
Kauffman,margaret K
Grant Deed
$59,789 · Seller
—
—
Rexel P Gillespie
—
Deed Of Trust
related
$107,900 · National City Mortgage Co
—
—
Urbana One LLC
—
Deed Of Trust
related
$50,000 · Sheri A Schroyer
—
—
Rovena O Harris
—
Deed Of Trust
related
$57,500 · Schroyer Trust
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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