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Property profile & analytics
OFF-MARKET
Office Spaces
604 Solarex Ct 103 Frederick, MD 21703-8678
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-2325947
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2000
Total area
1,493 SF
Lot
0.03 ac (1,493 SF)
Zoning code
MO
APN
02-459515
UPID
US40-2325947
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
-
Lee Family Dentistry Dental Office
-
Kurt A. Pierce, DDS MS Dental Office
-
Dr. Jeannie D. Pham, MD Physician
-
Brooke DeVries, LMT Alternative Medicine Practice Spa & Massage Center
-
Ballenger Creek Wellness Solutions Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lmh Office LLC · 1 yrs held
Lmh Office LLC
since 2025
Last sale
$395,000
4 recorded transactions
Zoning & alternative use
MO · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,275
Tax year 2023
Assessed value
$291,100
Assessed 2023
Previous assessed
$291,100
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$96,000
Assessed improvement
$195,100
Land market value
$96,000
Improvement market value
$195,100
Total market value
$291,100
Applied tax rate
4.0000
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
2000
Heating
NONE
Units
1
Total area
1,493 SF
Lot
0.03 ac (1,493 SF)
Zoning code
MO
APN
02-459515
UPID
US40-2325947
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MO · Frederick, MD
Zoning MO · permitted uses
MO · 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.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Lmh Office LLC
Entity
Free & Clear · 1 yrs held
Mailing address
604 SOLAREX CT UNIT #103, FREDERICK, MD 21703-8678
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$395,000
Lmh Office LLC
Grace Medical One LLC
Deed
—
Jul 13, 2007
$352,320
Grace Medical One LLC
Fwb Management & Dev LLC
Grant Deed
$290,000 · Farmers & Mechanics Bank
—
—
Grace Medical One LLC
—
Deed Of Trust
related
$96,075 · Sandy Spring Bk
—
—
Grace Medical One LLC
—
Deed Of Trust
related
$215,900 · Sandy Spring 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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