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Property profile & analytics
OFF-MARKET
Apartment buildings
729 Market St, Frederick, MD 21701-5246
Entity Owned
10-yr Hold
Property ID
US40-0748089
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Total area
11,940 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R8
APN
02-028972
UPID
US40-0748089
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
-
Faith House Charitable Organization Social Service Agency
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
Faith House Of Frederick LLC · 10 yrs held
Faith House Of Frederick LLC
since 2015
7 recorded transactions
Zoning & alternative use
R8 · 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
$588
Tax year 2023
Assessed value
$1,522,267
Assessed 2023
Previous assessed
$1,522,267
+0.0% YoY
Effective rate
0.04%
On assessed value
Land market value
$302,200
Improvement market value
$1,337,200
Total market value
$1,639,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
HEAT PUMP
Buildings
2
Stories
3
Units
12
Bathrooms
1
Total area
11,940 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R8
APN
02-028972
UPID
US40-0748089
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
R8 · Frederick, MD
Zoning R8 · permitted uses
R8 · 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
2003
Heating
HEAT PUMP
Stories
3
Buildings
2
Units
12
Bathrooms
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Faith House Of Frederick LLC
Entity
Mailing address
PO BOX 3389, FREDERICK, MD 21705-3389
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2015
$1,260,000
Faith House Of Frederick LLC
Interfaith Housing Alliance INC
Deed
$1,000,000 · Blueridge Bank
Aug 17, 2001
$1,375,000
3160 LP
—
Grant Deed
related
—
Jan 9, 1998
—
Interfaith Housing Of Western Md
Interfaith,housi
Quit Claim Deed
related
—
Aug 19, 1997
$175,000
Interfaith Housing Western Md
Sharpe,lee E & Baerbel H
Grant Deed
$175,000 · Farmers & Mechanics Bank
—
—
Interfaith Hsng Alliance INC
—
Deed Of Trust
related
$119,000 · Board/cnty Commissioners/frede
—
—
Interfaith Hsng Of Wstn Maryland In
—
Deed Of Trust
related
$930,000 · Frederick County Bank
—
—
Interfaith Hsng Of Wstn Maryland In
—
Deed Of Trust
related
$100,000 · Maryland Affordable Hsng Trust
—
—
Interfaith Hsng Of Wstn Maryland In
—
Deed Of Trust
related
$350,000 · Community Dev Admn
—
—
Interfaith Hsng Of Wstn Maryland In
—
Deed Of Trust
related
$70,000 · Frederick County 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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