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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Hotels
5311 Buckeystown Pike Frederick, MD 21703
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1489374
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,220 SF
Lot
4.33 ac (188,615 SF)
Zoning code
GC
APN
28-537190
UPID
US40-1489374
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
-
Ambassador Baptist Church Church
-
Hampton Inn Frederick Hotel & Motel
-
The Beacon Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.10M
CAP Approach
CAP
$9.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.10M
Owner & transaction history
Phantom Fd I LLC · 2 yrs held
Phantom Fd I LLC
since 2024
Last sale
$9.1M
6 recorded transactions
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.9M
+586.6%
Medical building
$9.4M
+363.0%
Auto repair, garage
$9.1M
+349.0%
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
$9,100,000
ML approach
$9,100,000
CAP Approach
CAP Return
Estimation
6%
$10,065,000
6.5%
$9,290,000
7%
$8,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,895,000
Change: +587% · Conversion: Difficult
MEDICAL BUILDING
$9,370,000
Change: +363% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,085,000
Change: +349% · Conversion: Difficult
RETAIL STORES
$8,555,000
Change: +323% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,545,000
Change: +174% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.10M (Apr 9 2024)
Last sale anchor
$9.10M
Apr 9 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
$102 / 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
$85,293
Tax year 2023
Assessed value
$7,116,267
Assessed 2023
Previous assessed
$7,116,267
+0.0% YoY
Effective rate
1.20%
On assessed value
Land market value
$2,640,600
Improvement market value
$4,597,800
Total market value
$7,238,400
Applied tax rate
28.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
6
Units
1
Total area
89,220 SF
Lot
4.33 ac (188,615 SF)
Zoning code
GC
APN
28-537190
UPID
US40-1489374
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$9.1M
RETAIL STORES
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
6
Units
1
Lot
4.33 ac
Current owner
From public records · entity-resolved
Phantom Fd I LLC
Entity
Mailing address
11024 PARKWOOD DR, HAGERSTOWN, MD 21742-4011
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
$9,100,000
Phantom Fd I LLC
Avr Frederick Hotel LLC
Special Warranty Deed
$6,300,000 · Bank Of Charles Town
Aug 7, 2023
—
Avr Frederick Hotel LLC
—
Deed
related
$265,950,000 · Manufacturers & Traders Trust Co
Jan 3, 2019
$16,200,000
Avr Frederick Hotel LLC
Rbp Ww Frederick LLC
Special Warranty Deed
$265,950,000 · M & T Bank
Sep 30, 2013
$12,350,000
Rbp-ww Frederick LLC
Prince William Hospitality
Grant Deed
—
—
—
Rbp-ww Frederick LLC
—
Deed Of Trust
related
$10,920,000 · Bank Of America
—
—
Frederick Donohoe Hotel Assocs L
—
Deed Of Trust
related
$1,100,000 · Provident Bank INC
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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