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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Hospitals
56 Frederick St, Walkersville, MD 21793-8254
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US40-0933165
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1997
Construction
BRICK
Total area
50,840 SF
Lot
6.8 ac (296,208 SF)
Zoning code
BO
APN
26-438454
UPID
US40-0933165
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
-
Jessica Rowley Physician
-
Eureka Jackson Physician
-
Cathy Nivling Physician
-
Kaitlin Tuffy Physician
-
Nicole Smith Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$7.38M
Owner & transaction history
Lg Ohi Walkersville LLC · 9 yrs held
Lg Ohi Walkersville LLC
since 2016
7 recorded transactions
Zoning & alternative use
BO · Walkersville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+71.2%
Commercial (general)
$9.4M
+65.2%
Restaurant
$8.0M
+39.7%
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 Walkersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walkersville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,720,000
Current use
OFFICE BUILDING
$9,790,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,445,000
Change: +65% · Conversion: Easy
RESTAURANT
$7,990,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$5,925,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,560,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,325,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,320,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±10%
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
$145 / 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
$137,715
Tax year 2023
Assessed value
$10,258,400
Assessed 2023
Previous assessed
$10,258,400
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,962,000
Assessed improvement
$7,296,400
Land market value
$2,962,000
Improvement market value
$7,296,400
Total market value
$10,258,400
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
121
Total area
50,840 SF
Lot
6.8 ac (296,208 SF)
Zoning code
BO
APN
26-438454
UPID
US40-0933165
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
BO · Walkersville, MD
Zoning BO · permitted uses
BO · Walkersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walkersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.4M
RESTAURANT
Est. value
$8.0M
RETAIL STORES
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
121
Lot
6.8 ac
Current owner
From public records · entity-resolved
Lg Ohi Walkersville LLC
Entity
Mailing address
303 INTERNATIONAL CIR STE #200, HUNT VALLEY, MD 21030-1359
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Lg Ohi Walkersville LLC
—
Deed
related
$260,000,000 · First Citizens Bank & Trust Co
Jun 21, 2021
—
Lg Ohi Walkersville LLC
—
Deed
related
$285,000,000 · Capital Funding
Jun 7, 2021
—
Lg Ohi Walkersville LLC
—
Deed
related
$66,726,045 · Lg Ohi Reit 2 LLC
Dec 20, 2016
—
Lg-ohi Wlakersville LLC
—
Deed
related
$20,000,000 · Citigroup Global Markets Rlty
Dec 1, 2016
—
Lg Ohi Walkersville LLC
Fc Gen Real LLC
Deed
$535,000,000 · Citgroup Global Markets Realty Corp
Jun 29, 2012
$16,684,592
Fc-gen Real Estate LLC
Re Ahc Maryland 6 LLC
Grant Deed
—
Dec 13, 2010
$10,500,000
Re Ahc Maryland 6 LLC
Glade Valley Nursing & Rehabil
Grant Deed
$48,380,000 · Key Bank NA
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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