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Property profile & analytics
OFF-MARKET
Estimated value
$35,885,000
Industrial properties
6433 English Muffin Way, Frederick, MD 21703-7367
Entity Owned
9-yr Hold
Property ID
US40-0057588
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2016
Total area
103,017 SF
Lot
45.39 ac (1,977,188 SF)
Zoning code
MXD
APN
01-015451
UPID
US40-0057588
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
-
Thermo Fisher Scientific Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.89M
Owner & transaction history
Ybc Investors LLC · 9 yrs held
Ybc Investors LLC
since 2016
7 recorded transactions
Zoning & alternative use
MXD · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$47.0M
+86.1%
Restaurant
$32.2M
+27.6%
Retail stores
$28.8M
+14.0%
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
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
INDUSTRIAL (GENERAL)
$25,260,000
Current use
OFFICE BUILDING
$47,000,000
Change: +86% · Conversion: Difficult
RESTAURANT
$32,225,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$28,795,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$26,840,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$35.89M
Range $32.30M – $39.47M · ±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
$348 / 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
$695,397
Tax year 2023
Assessed value
$58,140,867
Assessed 2023
Previous assessed
$57,520,333
+1.1% YoY
Effective rate
1.20%
On assessed value
Land market value
$7,908,700
Improvement market value
$50,852,700
Total market value
$58,761,400
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2016
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
6
Bathrooms
2
Total area
103,017 SF
Lot
45.39 ac (1,977,188 SF)
Zoning code
MXD
APN
01-015451
UPID
US40-0057588
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MXD · Frederick, MD
Zoning MXD · permitted uses
MXD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$25.3M
OFFICE BUILDING
Est. value
$47.0M
RESTAURANT
Est. value
$32.2M
RETAIL STORES
Est. value
$28.8M
COMMERCIAL (GENERAL)
Est. value
$26.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
6
Units
6
Bathrooms
2
Lot
45.39 ac
Current owner
From public records · entity-resolved
Ybc Investors LLC
Entity
Mailing address
460TH WEDGEWOOD BLVD, FREDERICK, MD 21703
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2017
—
Ybc Investors LLC
—
Deed
related
$8,000 · Manufacturers And Traders Trust Com
Jun 20, 2017
—
Ybc Investrors LLC
—
Deed
related
$8,501,192 · Manufacturers & Traders Trust Co
Jun 13, 2017
—
Srin Arbor Of Frederick Real E
—
Deed
related
$2,242,500 · Other Institutional Lenders
Oct 28, 2016
$32,098
Ybc Investors LLC
Wellington II LLC
Deed
—
Jul 16, 2013
$9,800,200
Dr Horton INC
Ybc Investors LLC
Grant Deed
—
Mar 2, 2007
$370,000
Ybc Investors LLC
Younkins,austin A
Grant Deed
—
Mar 2, 2007
$5,200,000
Ybc Investors LLC
Westchester Manor LLC
Grant Deed
—
Dec 21, 2000
—
Westchester Manor LLC
Youkins,austin A
Grant Deed
related
—
—
—
Ybc Investors LLC
—
Loan Modification
related
$17,329,000 · Manufacturers & Traders Tr
—
—
Srin Arbor Of Frederick Real E
—
Deed Of Trust
related
$2,242,500 · Other Institutional Lenders
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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