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    Property profile & analytics

    38 Market St Frederick, MD 21701-6956

    • Office buildings
    • 10,562 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $935,000
    Last Sale
    Feb 21, 2024
    $970,000
    Location Intelligence
    Property ID
    US40-0405273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wallet Wishes / Gift Shop / Store
    • Your Life Hypnosis / Hypnotherapy Service
    • Rodgers Consulting Inc / Business Management Consultant
    • Crystal Forests LLC / Psychic
    • Structures Salon and Spa / Hair Salon / Beauty Salon

    Property Details for 38 Market St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property size
    10,562 SF
    Zone code
    DB
    Property type
    Office buildings
    APN
    02-150859
    APU
    2150859

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $970,000

    • CAP approach

      CAP return
      Estimation
      6%
      $970,000
      6.5%
      $865,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $725,000
      Mixed-Use
      $970,000
      Hospitality
      $760,000
      Educational
      $755,000
      Residential Income
      $920,000
      Energy
      $990,000
      Income-Based Land
      $960,000
      Food Service
      $990,000

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4108
    Latitude
    39.413
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,195
    $0.00
    $0.00
    $1,222,933
    -
    $286,200
    $1,075,400
    $1,361,600

    Comparable in this City

    • Value Estimation by Request
      6,101 SF

      925 St

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      925 St, Frederick, MD 21701-4621
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      10,452 SF

      16 St

      OFFICE BUILDING • 10,452 SF
      16 St, Frederick, MD 21701-7712
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    • Value Estimation by Request
      5,758 SF

      132 4th St

      OFFICE BUILDING • 5,758 SF
      132 4th St, Frederick, MD 21701-5259
      View Details
    • Value Estimation by Request
      48,714 SF

      421 Aviation Way

      OFFICE BUILDING • 48,714 SF
      421 Aviation Way, Frederick, MD 21701-4756
      View Details
    • Value Estimation by Request
      2,120 SF

      260 Patrick St

      OFFICE BUILDING • 2,120 SF
      260 Patrick St, Frederick, MD 21701-6945
      View Details
    • Value Estimation by Request
      1,140 SF

      409 Patrick St

      OFFICE BUILDING • 1,140 SF
      409 Patrick St, Frederick, MD 21701-4857
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.02 Acres

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      Prime Office Space, Abundant Light
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      Downtown Frederick Office/Medical Space

      2,848 SF office/medical space in historic downtown Frederick.
      241 E 4Th St, Frederick, MD 21701
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      Historic Mixed-Use Complex For Sale

      Mixed-use complex in Hub and Opportunity Zone with unlimited potential.
      37-39 E South St, Frederick, MD 21701
      View Details
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      Frederick Mixed-Use Property For Sale

      Mixed-use property with commercial potential in a vibrant Frederick location.
      431 Patrick St, Frederick, MD 21701
      View Details
    • $785,000
      5,699 SF

      Prime Frederick Office Building

      Profitable Office & Shop Space, 0.5 Acres
      302 4Th St, Frederick, MD 21701
      View Details
    • $3,000,000
      13,248 SF

      Downtown Frederick Mixed-Use Gem

      Historic Charm, Modern Amenities, Prime Location
      47 All Saints St, Frederick, MD 21701
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,800 SF

      Prime Frederick Office Space

      Executive Suites, 1200-3600 sq ft
      44 Market St, Frederick, MD 21701
      View Details
    • Contact for pricing
      10,165 SF

      Frederick Medical Office Suite A

      1,549 SF Medical Office Space Available
      197 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • $18 SF/Yr
      133,729 SF

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 2Nd St, Frederick, MD 21701
      View Details
    • Contact for pricing
      2,289 SF

      Furnished Office Suites in Frederick

      Newly renovated, furnished office suites for lease in downtown Frederick.
      12 W Church St, Frederick, MD 21701
      View Details
    • Contact for pricing
      38,120 SF

      Flex Space Near Biotech Hub

      Flex/R&D space ideal for biotech, office, warehouse, distribution.
      430 Mohican Dr, Frederick, MD 21701
      View Details
    • $12 SF/Yr
      800 SF

      Functional Office Space Available

      800 SF office space with open layout and parking.
      605 E Church St, Frederick, MD 21701
      View Details

    Property Visit Statistics

    • Visits by month
      8.5k
    • Visitors by month
      7.5k
    • Avg Time on site
      92 min
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    38 Market St
    Frederick, MD 21701-6956
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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