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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Warehouses
4965 Winchester Blvd, Frederick, MD 21703-7400
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-1139960
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
4,980 SF
Lot
3.14 ac (136,778 SF)
Zoning code
LI
APN
01-025252
UPID
US40-1139960
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
-
Ram Automotive Mobile Repair Services Auto Repair Shop Vehicle Inspection Center
-
R E Willard Plumbing Shop Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$1.01M
Owner & transaction history
4965 Winchester Boulevard LLC · 3 yrs held
4965 Winchester Boulevard LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
LI · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+100.8%
Commercial (general)
$1.3M
+87.2%
Auto repair, garage
$785,000
+13.6%
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
$1,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$695,000
Current use
RETAIL STORES
$1,390,000
Change: +101% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,295,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $1.20M (Aug 4 2022)
Last sale anchor
$1.20M
Aug 4 2022
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
$202 / 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
$9,040
Tax year 2023
Assessed value
$729,133
Assessed 2023
Previous assessed
$706,467
+3.2% YoY
Effective rate
1.24%
On assessed value
Land market value
$368,000
Improvement market value
$383,800
Total market value
$751,800
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
2
Total area
4,980 SF
Lot
3.14 ac (136,778 SF)
Zoning code
LI
APN
01-025252
UPID
US40-1139960
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
LI · Frederick, MD
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$695,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$785,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
2
Lot
3.14 ac
Current owner
From public records · entity-resolved
4965 Winchester Boulevard LLC
Entity
Mailing address
4975 WINCHESTER BLVD, FREDERICK, MD 21703-7400
Ownership since
2022
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
Aug 15, 2022
—
4965 Winchester Boulevard LLC
—
Deed
related
$617,000 · Chesapeake Business Finance Corp
Aug 4, 2022
$1,200,000
4965 Winchester Boulevard LLC
Roland E Willard JR
Special Warranty Deed
$617,000 · M & T Bank
—
—
Roland E Willard JR.
—
Deed Of Trust
related
$37,334 · Matthew Mohebbi
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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