New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,425,000
Apartment buildings
500 Pearson Cir, Frederick, MD 21702-3396
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1624244
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2016
Construction
FRAME
Total area
72,341 SF
Lot
95.75 ac (4,170,870 SF)
Zoning code
IST
APN
02-241595
UPID
US40-1624244
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
-
The Lodge at Willow Ponds Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.43M
Owner & transaction history
Bloomfields LLC · 3 yrs held
Bloomfields LLC
since 2022
5 recorded transactions
Zoning & alternative use
IST · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,715,000
Change: 0% · Conversion: Moderate
RESTAURANT
$13,045,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$7,595,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,530,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,460,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,365,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.43M
Range $7.58M – $9.27M · ±10%
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
$116 / 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
$997,030
Tax year 2023
Assessed value
$54,929,900
Assessed 2023
Previous assessed
$54,929,900
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$6,438,900
Assessed improvement
$48,491,000
Land market value
$6,438,900
Improvement market value
$48,491,000
Total market value
$54,929,900
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
4
Units
195
Total area
72,341 SF
Lot
95.75 ac (4,170,870 SF)
Zoning code
IST
APN
02-241595
UPID
US40-1624244
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
IST · Frederick, MD
Zoning IST · permitted uses
IST · 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
COMMERCIAL (GENERAL)
Est. value
$13.7M
RESTAURANT
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.4M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
2016
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Buildings
3
Units
195
Lot
95.75 ac
Current owner
From public records · entity-resolved
Bloomfields LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16107 ELLIOTT PKWY, WILLIAMSPORT, MD 21795-4084
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
—
Bloomfields LLC
Homewood At Frederick Md INC
Deed
—
Jun 20, 2014
—
Homewood At Frederick Md INC
—
Grant Deed
related
$86,000,000 · Manufacturers & Traders Tr
Dec 26, 2002
$675,000
Homewood At Frederick Md INC
Joli LP Lllp
Grant Deed
—
—
—
Homewood At Frederick Md INC
—
Loan Modification
related
—
—
—
Homewood At Frederick Md INC
—
Deed Of Trust
related
$163,368,252 · County Commissioners
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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