Property profile

5579 Spectrum Dr Frederick, MD 21703

OFF-MARKET
Motels
Property ID
US40-0730182
38,592 SF 3.56 ac lot Built 1987
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 38,592 SF
Lot 3.56 ac (155,074 SF)
Zoning code GC
APN 28-558368
UPID US40-0730182

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
  • Hotel & Motel

Location

5579 Spectrum Dr Frederick, MD 21703-8350
Frederick metro Census 751003 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
$1.16M
Blend (final) Blend
$3.58M

Owner & transaction history

since 2013
6 recorded transactions
2016
Price N/A
2013
$3.6M
2012
$5.9M
2005
$6.2M
1999
$1.2M
1969
Price N/A

Zoning & alternative use

GC · Frederick, MD
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall resi…

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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