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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office Spaces
5960 Frederick Xing Ln Frederick, MD 21704-5164
Entity Owned
~
Est. High Equity
Property ID
US40-1799634
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2004
Total area
1,978 SF
Lot
0.05 ac (1,978 SF)
APN
28-586159
UPID
US40-1799634
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
-
Felicity Dental Frederick Dental Office
-
Dr. Lucy Gilbart Dental Office
-
Hina Bhinder Dental Office
-
Lucy Song Gilbart Dental Office
-
Frederick W Burrows Jr Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$655k
Owner & transaction history
True Love Real Estate LLC
True Love Real Estate LLC
since 2025
Last sale
$725,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$555,000
+18.4%
Commercial (general)
$515,000
+10.4%
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
$620,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$465,000
Current use
RETAIL STORES
$555,000
Change: +18% · Conversion: Moderate
COMMERCIAL (GENERAL)
$515,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $725k (Jun 4 2025)
Last sale anchor
$725k
Jun 4 2025
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
$331 / 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
$4,622
Tax year 2023
Assessed value
$385,700
Assessed 2023
Previous assessed
$385,700
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$127,200
Assessed improvement
$258,500
Land market value
$127,200
Improvement market value
$258,500
Total market value
$385,700
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2004
Heating
NONE
Units
1
Total area
1,978 SF
Lot
0.05 ac (1,978 SF)
APN
28-586159
UPID
US40-1799634
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$465,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$515,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
True Love Real Estate LLC
Entity
Mailing address
5960 FREDERICK XING LN, FREDERICK, MD 21704-5164
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$725,000
True Love Real Estate LLC
Gilbart Frederick Crossing Property
Deed
$616,500 · M & T Bank
May 27, 2022
$675,000
Gilbart Frederick Crossing Property
Burrows Runion Investment Company L
Deed
$675,000 · Bank Of Clarke County
Aug 25, 2016
—
Burrows Of Runion Investment Co L
—
Deed
related
$100,000 · Revere Bk
—
—
Burrows Of Runion Inv Co LLC
—
Deed Of Trust
related
$648,000 · Woodsboro Bank
—
—
Burrows Of Reunion Inv Co LLC
—
Deed Of Trust
related
$25,000 · Woodsboro Bank
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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