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Property profile & analytics
OFF-MARKET
Office Spaces
5 Hillcrest Dr Ste B200 Frederick, MD 21703-6269
Entity Owned
18-yr Hold
Free & Clear
Property ID
US40-2159408
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
819 SF
Lot
0.02 ac (819 SF)
Zoning code
GC
APN
02-156024
UPID
US40-2159408
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
-
Jessica Garrison, Northrop Realty, A Long & Foster Company Real Estate Agency
-
Maryland Family Visitation Social Service Agency Charitable Organization
-
Rich Phillips, Northrop Realty Real Estate Agency
-
Khadeja Family Practice: Khadeja Baidoo, CRNP Medical Group Medical Center
-
Employment Law Center of Maryland Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robust Investments LLC · 18 yrs held
Robust Investments LLC
since 2008
5 recorded transactions
Zoning & alternative use
GC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,471
Tax year 2023
Assessed value
$135,100
Assessed 2023
Previous assessed
$135,100
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$44,500
Assessed improvement
$90,600
Land market value
$44,500
Improvement market value
$90,600
Total market value
$135,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
819 SF
Lot
0.02 ac (819 SF)
Zoning code
GC
APN
02-156024
UPID
US40-2159408
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Frederick, MD
Zoning GC · permitted uses
GC · 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
1988
Heating
NONE
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Robust Investments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
5 HILLCREST DR STE B200, FREDERICK, MD 21703-6269
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2008
$158,000
Robust Investments LLC
Lamb,eric N
Grant Deed
—
Aug 9, 2007
—
Eric N Lamb
Pte1 LLC
Grant Deed
—
Apr 29, 2005
$149,900
Eric N Lamb
Fifer,virginia P & Jay S
Grant Deed
—
Apr 29, 2005
—
Pte1 LLC
Lamd,eric N
Grant Deed
—
Jul 24, 1998
$75,000
Virginia P Fifer
Kronfli,rashad P
Grant Deed
$60,750 · First United Nat'l Bank & Tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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