Property profile

506 Patrick St Frederick, MD 21701

OFF-MARKET
Turn key restaurants
Property ID
US40-1186860
3,961 SF 1.16 ac lot Built 1970
Trust Owned 16-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,961 SF
Lot 1.16 ac (50,530 SF)
Zoning code DB
APN 02-017571
UPID US40-1186860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

506 Patrick St Frederick, MD 21701-4002
Frederick metro Census 765100 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$825k

Owner & transaction history

since 2010
2 recorded transactions
2021
Price N/A
2010
Price N/A

Zoning & alternative use

DB · Frederick, MD
Zoning description

DB (Downtown Commercial / Residential) The DB district is intended to encourage the development of the Center City's commercial areas. It allows most office and retail activities as well as high density residential uses.…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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