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Property profile & analytics
OFF-MARKET Estimated value $3,500,000
Retail space

402 Jefferson St Frederick, MD 21701-6208

10,107 SF 1.23 ac lot Built 1998
Entity Owned 28-yr Hold ~ Est. High Equity
Property ID
US40-1011728
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction BRICK
Total area 10,107 SF
Lot 1.23 ac (53,664 SF)
Zoning code GC
APN 02-101114
UPID US40-1011728
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
  • CVS Photo (Bike/Boat/Book/etc) Store
  • CVS Pharmacy
  • Nickeea Chalmers-Scott Physician
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.40M
Blend (final) Blend
$3.50M
Owner & transaction history
Red,leaf & Jefferson LLC · 28 yrs held
Red,leaf & Jefferson LLC
since 1998
2 recorded transactions
1998
$1.3M
1969
Price N/A
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall residential dwellings in an MXE development include single family homes, townhouses, or duplexes. The multi-family residential element of the co…

Zone name General Commercial
General category COMMERCIAL
Zone area 1,213.15 ac
Source ARTICLE 4 - ZONING
Top alternative use upside
Office building $3.7M +29.7%
Restaurant $3.2M +11.9%
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