Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    613 Patrick St Frederick, MD 21701-4027
    Back to Search
    Property profile & analytics

    613 Patrick St, Frederick, MD 21701-4027

    View on Map
    • Assisted living facilities
    • 5,668 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US40-0161141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 613 Patrick St

    Year built
    2018
    Lot size
    0.45 lot acres
    Zone code
    RO
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    02-083493
    APU
    2083493

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2015 — Good Neighbor 2 LLC Good Neighbor 1 LLC Quit Claim Deed —
    Apr 9, 2014 $75,000 Good Neighbor 1 LLC Mercer Pauline H Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4296
    Latitude
    39.4148
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $168
    $0.00
    $0.00
    $1,390,067
    -
    $321,600
    $1,217,600
    $1,539,200

    Comparable in this City

    • Value Estimation
      $18,445,000
      39,588 SF

      8401 Gas House Pike

      HOMES (RETIRED, NURSING)
      8401 Gas House Pike, Frederick, MD 21701-4703
      View Details
    • Value Estimation
      $945,000
      27,121 SF

      1820 Latham Dr

      HOMES (RETIRED, NURSING)
      1820 Latham Dr, Frederick, MD 21701-9393
      View Details
    • Value Estimation by Request
      4,850 SF

      27 Degrange St

      HOMES (RETIRED, NURSING)
      27 Degrange St, Frederick, MD 21701-4864
      View Details
    • Value Estimation by Request
      10,982 SF

      335 Patrick St

      HOMES (RETIRED, NURSING)
      335 Patrick St, Frederick, MD 21701-4871
      View Details
    • Value Estimation by Request
      17,827 SF

      100 Market St

      HOMES (RETIRED, NURSING)
      100 Market St, Frederick, MD 21701-5527
      View Details
    • Value Estimation by Request
      6,154 SF

      219 Patrick St

      HOMES (RETIRED, NURSING)
      219 Patrick St, Frederick, MD 21701-6933
      View Details

    Similar Nearby for Sale

    • $495,000

      Frederick Commercial Property For Sale

      Two units with M2 zoning, potential for various uses.
      804-6 E South St, Frederick, MD 21701
      View Details
    • $3,000,000
      13,248 SF

      Downtown Frederick Mixed-Use Gem

      Historic Charm, Modern Amenities, Prime Location
      47 All Saints St, Frederick, MD 21701
      View Details
    • $1,350,000

      Historic Mixed-Use Property For Sale

      Historic property with commercial and residential potential in Frederick, MD.
      110 N Court St, Frederick, MD 21701
      View Details
    • $850,000

      Downtown Frederick Apartment Building Investment

      Well-maintained 6-unit apartment building in a prime downtown location.
      241 E 2Nd St, Frederick, MD 21701
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Massage Therapy Storefront

      Turnkey storefront setup with treatment-ready layout and HVAC for starting a massage practice.
      917 7Th St W, Frederick, MD 21701
      View Details
    • Contact for pricing

      3 Acre Commercial Land Lease

      Commercial land for lease near downtown Frederick and I-70.
      801 E Patrick St, Frederick, MD 21701
      View Details
    • Contact for pricing

      Downtown Frederick Commercial Space Available

      Commercial space for lease in a renovated historic building.
      15 S Carroll St, Frederick, MD 21701
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space in Frederick, Maryland

      Retail space for lease in a neighborhood shopping center.
      1700 Kingfisher Dr, Frederick, MD 21701
      View Details
    • Contact for pricing
      258,129 SF

      Frederick Warehouse Space Available

      258,129 SF warehouse space in Frederick, Maryland.
      1664 Bowmans Farm Rd, Frederick, MD 21701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    613 Patrick St
    Frederick, MD 21701-4027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    613 Patrick St, Frederick, MD, 21701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!