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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Investment properties
503 Market St Frederick, MD 21701-6547
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-2127657
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Total area
1,312 SF
Lot
0.06 ac (2,482 SF)
Zoning code
DB
APN
02-093340
UPID
US40-2127657
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$545k
Owner & transaction history
Adam J Whittemore · 2 yrs held
Adam J Whittemore
since 2024
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$475,000
+43.9%
Retail stores
$365,000
+11.0%
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
$545,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$330,000
Current use
OFFICE BUILDING
$475,000
Change: +44% · Conversion: Easy
RETAIL STORES
$365,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $545k (Apr 4 2024)
Last sale anchor
$545k
Apr 4 2024
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
$415 / 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
$6,122
Tax year 2023
Assessed value
$335,667
Assessed 2023
Previous assessed
$335,667
+0.0% YoY
Effective rate
1.82%
On assessed value
Land market value
$183,100
Improvement market value
$242,700
Total market value
$425,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
1,312 SF
Lot
0.06 ac (2,482 SF)
Zoning code
DB
APN
02-093340
UPID
US40-2127657
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$330,000
OFFICE BUILDING
Est. value
$475,000
RETAIL STORES
Est. value
$365,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1880
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Adam J Whittemore
Individual
Mailing address
503 S MARKET ST, FREDERICK, MD 21701-6547
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2024
$545,000
Adam J Whittemore
Aaron Beebe
Deed
$517,750 · Rocket Mortgage LLC
Apr 6, 2021
—
Abigail Aldrich
Abigail S Aldrich
Intrafamily Transfer
related
$338,000 · Academy Mortgage Corp
Apr 12, 2013
$285,000
Abigail S Aldrich
Fogle,john & Emily
Grant Deed
$279,837 · Academy Mortgage Corp
Jan 9, 2008
$275,000
John Fogle
Stucki,benjamin D & Linda D
Grant Deed
$275,000 · Weichert Financial Services
Oct 21, 2002
$135,000
Benjamin D Stucki
Shorten,richard B & Mitsue
Grant Deed
$125,000 · Bank Of America
—
—
Benjamin G Stucki
—
Deed Of Trust
related
$74,138 · Bank Of America
—
—
Benjamin D Stucki
—
Deed Of Trust
related
$153,363 · Bank Of America
—
—
Benjamin D Stucki
—
Deed Of Trust
related
$50,000 · Bank Of America
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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