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Property profile & analytics
OFF-MARKET
Apartment buildings
520 Market St Frederick, MD 21701-5478
Entity Owned
9-yr Hold
Property ID
US40-0806913
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
BRICK
Total area
95,435 SF
Lot
1.23 ac (53,579 SF)
Zoning code
DB
APN
02-020637
UPID
US40-0806913
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
-
Frederick County Human Relations County Government Office
-
Risaa Events Data Center IT Consulting Firm
-
Frederick County Families First County Government Office
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
520 North Market Apartments LLC · 9 yrs held
520 North Market Apartments LLC
since 2016
6 recorded transactions
Zoning & alternative use
DB · 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
$37,153
Tax year 2023
Assessed value
$4,150,800
Assessed 2023
Previous assessed
$4,150,800
+0.0% YoY
Effective rate
0.90%
On assessed value
Land market value
$535,700
Improvement market value
$4,080,500
Total market value
$4,616,200
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 (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
BRICK
Heating
YES
Cooling
YES
Stories
3
Units
59
Total area
95,435 SF
Lot
1.23 ac (53,579 SF)
Zoning code
DB
APN
02-020637
UPID
US40-0806913
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.
Building & site characteristics
From public records
Year built
2019
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
3
Units
59
Lot
1.23 ac
Current owner
From public records · entity-resolved
520 North Market Apartments LLC
Entity
Mailing address
5301 BUCKEYSTOWN PIKE STE #320, FREDERICK, MD 21704-8367
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2016
$1,600,000
520 North Market Apartments LLC
Frederick County
Special Warranty Deed
$700,000 · Frederick County
Dec 21, 2016
—
520 North Market Apartments Ll
520 North Market Apartments Ll
Quit Claim Deed
related
—
Sep 2, 2015
—
Frederick County
Board Of Education/frederick Coun
Quit Claim Deed
—
—
—
520 N Market Apts LLC
—
Loan Modification
related
$2,820,000 · Bank Of America
—
—
520 N Market Apartments LLC
—
Deed Of Trust
related
$500,000 · Private Individual
—
—
520 N Market Apartments LLC
—
Deed Of Trust
related
$9,898 · 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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