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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Investment properties
426 Market St Frederick, MD 21701-5241
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-2356812
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1881
Construction
BRICK
Total area
2,030 SF
Lot
0.06 ac (2,640 SF)
Zoning code
DB
APN
02-257920
UPID
US40-2356812
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$627k
Blend (final)
Blend
$655k
Owner & transaction history
Darren Chamblee · 3 yrs held
Darren Chamblee
since 2023
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$735,000
+43.9%
Retail stores
$565,000
+11.0%
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
$645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
OFFICE BUILDING
$735,000
Change: +44% · Conversion: Easy
RETAIL STORES
$565,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $670k (Jan 6 2023)
Last sale anchor
$670k
Jan 6 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
$323 / 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
$8,241
Tax year 2023
Assessed value
$453,500
Assessed 2023
Previous assessed
$390,500
+16.1% YoY
Effective rate
1.82%
On assessed value
Land market value
$184,600
Improvement market value
$394,900
Total market value
$579,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1881
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
3
Total area
2,030 SF
Lot
0.06 ac (2,640 SF)
Zoning code
DB
APN
02-257920
UPID
US40-2356812
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$510,000
OFFICE BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$565,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1881
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Darren Chamblee
Individual
Mailing address
426 N MARKET ST, FREDERICK, MD 21701-5241
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$670,000
Darren Chamblee
Matthew P Donahue
Deed
—
Nov 29, 2010
$260,000
Matthew P Donahue
Kocan,stephen M
Grant Deed
$316,000 · Woodsboro Bank
Mar 22, 2010
$256,000
Stephen M Kocan
Marketshare Properties INC
Grant Deed
—
Aug 14, 2009
$120,000
Marketshare Properties INC
Sebastian Kevin R
Trustees Deed
—
Jun 10, 2005
$144,444
424-434 N Market Street LLC
Warner East
Grant Deed
—
Jun 3, 2005
$4,000,000
Churchill Group Of Maxwell Square I
R W Warner INC
Grant Deed
—
—
—
Matthew P Donahue
—
Deed Of Trust
related
$320,000 · Pnc Mortgage
—
—
Matthew P Donahue
—
Deed Of Trust
related
$318,300 · Quicken Loans INC
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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