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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Strip malls
467 Patrick St, Frederick, MD 21701-4805
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0818271
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,225 SF
Lot
4.01 ac (174,676 SF)
Zoning code
DB
APN
02-094541
UPID
US40-0818271
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
-
Mills Hair Styling Barber Shop
-
Jimmy's Cleaner's (Bike/Boat/Book/etc) Store
-
Fredericktowne Eye Care: Adams Kathleen OD Physician
-
John Higinbotham Physician
-
WetchCo Signs Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.88M
Owner & transaction history
Hsr Terrace LLC · 2 yrs held
Hsr Terrace LLC
since 2023
Last sale
$5.1M
3 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
$4,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,855,000
6.5%
$4,480,000
7%
$4,160,000
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $5.11M (Feb 26 2025)
Last sale anchor
$5.11M
Feb 26 2025
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
$434 / 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
$48,003
Tax year 2023
Assessed value
$2,618,833
Assessed 2023
Previous assessed
$2,618,833
+0.0% YoY
Effective rate
1.83%
On assessed value
Land market value
$1,397,400
Improvement market value
$1,689,700
Total market value
$3,087,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
11,225 SF
Lot
4.01 ac (174,676 SF)
Zoning code
DB
APN
02-094541
UPID
US40-0818271
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
4.01 ac
Current owner
From public records · entity-resolved
Hsr Terrace LLC
Entity
Mailing address
888 16TH ST NW STE #555, WASHINGTON, DC 20006-4142
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$5,107,748
Hsr Terrace LLC
Ace LLC
Special Warranty Deed
$4,341,586 · Ace LLC
Jun 18, 2018
$3,900,000
Ace LLC
Patrick Street Ctr Busn
Grant Deed
—
—
—
Patrick Street Ctr Busn Trust
—
Deed Of Trust
related
$1,100,000 · Woodsboro 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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