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Property profile & analytics
OFF-MARKET
Estimated value
$9,060,000
Community centers
5824 Ballenger Crk Pike Frederick, MD 21703-7030
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-1282590
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,826 SF
Lot
8.63 ac (375,923 SF)
Zoning code
PUD
APN
23-455935
UPID
US40-1282590
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
-
Car Key Fredrick MD Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.06M
Owner & transaction history
Ballenger Creek Shopping Center LLC · 3 yrs held
Ballenger Creek Shopping Center LLC
since 2022
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
PUD · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+264.8%
Restaurant
$7.4M
+190.2%
Office building
$6.4M
+150.7%
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 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
$8,720,000
ML approach
$8,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,255,000
Change: +265% · Conversion: Easy
RESTAURANT
$7,360,000
Change: +190% · Conversion: Difficult
OFFICE BUILDING
$6,360,000
Change: +151% · Conversion: Moderate
Blend value · Realmo final
$9.06M
Range $8.15M – $9.97M · ±10% · vs last sale $9.50M (Dec 8 2022)
Last sale anchor
$9.50M
Dec 8 2022
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
$222 / 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
$86,233
Tax year 2023
Assessed value
$7,221,600
Assessed 2023
Previous assessed
$7,221,600
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,819,400
Assessed improvement
$4,402,200
Land market value
$2,819,400
Improvement market value
$4,402,200
Total market value
$7,221,600
Applied tax rate
23.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
40,826 SF
Lot
8.63 ac (375,923 SF)
Zoning code
PUD
APN
23-455935
UPID
US40-1282590
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
PUD · Frederick, MD
Zoning PUD · permitted uses
PUD · 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
COMMERCIAL (GENERAL)
Est. value
$9.3M
RESTAURANT
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
8.63 ac
Current owner
From public records · entity-resolved
Ballenger Creek Shopping Center LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4719 HAMPDEN LN FL #3, BETHESDA, MD 20814-3182
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
—
Ballenger Creek Shopping Center LLC
Ballenger Creek Shopping Center LLC
Intrafamily Transfer
related
—
Sep 2, 2022
—
Ballenger Creek Shopping Center LLC
—
Deed
related
$7,200,000 · Burke And Herbert Bank And Trust Co
Aug 7, 2015
$9,500,000
Uc Parcel P-1 LLC
Ravid Frederick LLC
Grant Deed
$8,000,000 · * Other Institutional Lenders
May 22, 2013
$4,331,250
Ravid Frederick LLC
Lbubs 2000-c3 Ballenger Retail
Grant Deed
$4,290 · Eagle Bank
Oct 12, 2012
$4,725,000
Lbubs 2000-c3 Ballenger Retail
Cohen,cindi E
Trustees Deed
related
—
Nov 24, 1997
$8,088,904
C H Partners LP
M O R Crestwood LP
Grant Deed
$8,100,000 · Protective Life Insurance Co
—
—
C H Partners LP
—
Deed Of Trust
related
$8,700,000 · Warburg Dillon Read Swaps INC
—
—
Ballenger Creek Shopping Cente
—
Deed Of Trust
related
$7,200,000 · Burke & Herbert Bk&tr
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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