Property profile

427 Patrick St Frederick, MD 21701

OFF-MARKET
Industrial properties
Property ID
US40-0070407
5,000 SF 0.31 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,000 SF
Lot 0.31 ac (13,397 SF)
Zoning code M1
APN 02-138514
UPID US40-0070407

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization
  • Big Box & Wholesale Store
  • Accounting Firm Tax Preparation

Location

427 Patrick St Frederick, MD 21701-5777
Frederick metro Census 772200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$595k
Comparable Approach Comparable
$776k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2025
Last sale
$1.1M
4 recorded transactions
2025
$335,000
2023
Price N/A
2016
$1.1M
2003
Price N/A

Zoning & alternative use

M1 · Frederick, MD
Zoning description

not able to meet the criteria applicable in the M1 districts. General retail and residential uses are not appropriate for this zone. MO (Manufacturing/ Office) The M/O district is intended to provide a park-like setting…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.4M +14.0%
Commercial (general) $1.3M +2.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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