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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
357 Patrick St, Frederick, MD 21701-4871
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0463451
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1893
Construction
BRICK
Total area
1,248 SF
Lot
0.04 ac (1,539 SF)
Zoning code
DB
APN
02-115123
UPID
US40-0463451
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
-
Horizon Realty Inc Property Management Company Real Estate Agency
-
Horizon Management Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$505k
Owner & transaction history
Western Maryland Counseling Center · 2 yrs held
Western Maryland Counseling Center
since 2023
Last sale
$575,000
5 recorded transactions
Zoning & alternative use
DB · 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
$555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$350,000
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $575k (Dec 4 2023)
Last sale anchor
$575k
Dec 4 2023
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
$405 / 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
$3,817
Tax year 2023
Assessed value
$210,000
Assessed 2023
Previous assessed
$210,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Land market value
$95,000
Improvement market value
$166,200
Total market value
$261,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1893
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Total area
1,248 SF
Lot
0.04 ac (1,539 SF)
Zoning code
DB
APN
02-115123
UPID
US40-0463451
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.
Building & site characteristics
From public records
Year built
1893
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Western Maryland Counseling Center
Individual
Mailing address
7141 STARMOUNT WAY, NEW MARKET, MD 21774-6878
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
$575,000
Western Maryland Counseling Center
Thomas B Trott JR
Deed
$465,000 · Thomas Trott
Feb 15, 2023
$350,000
Thomas B Trott JR
Richard R Murtagh
Deed
—
Feb 15, 2023
—
Richard R Murtagh
Richard R Murtagh
Intrafamily Transfer
related
—
Jul 24, 2002
$185,000
Richard R Murtagh
Ethridge Quinn Mcauliffe Rowan
Grant Deed
$157,250 · Frederick County Bank
—
—
Richard R Murtagh
—
Deed Of Trust
related
$100,000 · Frederick County Bank
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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