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    Property profile & analytics

    48 Frederick Rd Funkstown, MD 21734-1209

    • Investment properties
    • 4,497 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Feb 15, 2022
    $400,000
    Location Intelligence
    Property ID
    US40-1274302
    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

    • Investment properties

    Property Details for 48 Frederick Rd

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.59 lot acres
    Property size
    4,497 SF
    Zone code
    TC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    10-016940
    APU
    10016940

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $445,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $455,000
      Mixed-Use
      $520,000
      Hospitality
      $445,000
      Educational
      $530,000
      Residential Income
      $380,000
      Energy
      $520,000
      Income-Based Land
      $465,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Funkstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7055
    Latitude
    39.606
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, 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
    $2,557
    $177,900
    $101,500
    $279,400
    -
    $177,900
    $101,500
    $279,400

    Comparable in this City

    • Value Estimation
      $215,000
      2,540 SF

      101 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,540 SF
      101 Baltimore St, Funkstown, MD 21734
      View Details
    • Value Estimation by Request
      2,256 SF

      43 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,256 SF
      43 Frederick Rd, Funkstown, MD 21734-2001
      View Details
    • Value Estimation
      $330,000
      6,050 SF

      1 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,050 SF
      1 Baltimore St, Funkstown, MD 21734-1163
      View Details
    • Value Estimation by Request
      2,236 SF

      10 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,236 SF
      10 Baltimore St, Funkstown, MD 21734-1162
      View Details
    • Value Estimation
      $335,000
      4,716 SF

      19 Baltimore St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,716 SF
      19 Baltimore St, Funkstown, MD 21734-1163
      View Details
    • Value Estimation
      $420,000
      3,285 SF

      44 Frederick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,285 SF
      44 Frederick Rd, Funkstown, MD 21734-1209
      View Details

    Similar Nearby for Sale

    • $550,000

      Commercial Land For Sale

      Commercial land available for sale.
      E Baltimore St, Funkstown, MD 21734
      View Details
    • New
      $284,900
      2,799 SF

      Multifamily Property in Funkstown, MD

      Multifamily property with income potential in Funkstown, Maryland.
      24 W Cemetery St, Funkstown, MD 21734
      View Details
    • $750,000

      High-Traffic Commercial Property For Sale

      High-visibility location with commercial zoning and rental income potential.
      44 Frederick Rd, Funkstown, MD 21734
      View Details
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    48 Frederick Rd
    Funkstown, MD 21734-1209
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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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