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Property profile & analytics
OFF-MARKET
Estimated value
$7,640,000
Life science properties
7495 New Horizon Way Frederick, MD 21703-8388
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0867372
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1990
Construction
BRICK
Total area
75,400 SF
Lot
4.53 ac (197,327 SF)
Zoning code
GC
APN
28-570996
UPID
US40-0867372
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
-
Theradaptive, Inc. Corporate Office
-
Wells Fargo Home Mortgage Inc Loan Service Bank
-
Zalgen Labs Corporate Office
-
KSN Sporting Goods (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.64M
Owner & transaction history
7495 Rp LLC · 5 yrs held
7495 Rp LLC
since 2021
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
GC · 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
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
OFFICE BUILDING
$11,740,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$7,915,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,680,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,230,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,685,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.64M
Range $6.88M – $8.40M · ±10% · vs last sale $7.64M (Apr 12 2021)
Last sale anchor
$7.64M
Apr 12 2021
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
$101 / 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
$290,808
Tax year 2023
Assessed value
$8,055,052
Assessed 2023
Previous assessed
$3,956,867
+103.6% YoY
Effective rate
3.61%
On assessed value
Land market value
$1,775,900
Improvement market value
$8,029,200
Total market value
$9,805,100
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
75,400 SF
Lot
4.53 ac (197,327 SF)
Zoning code
GC
APN
28-570996
UPID
US40-0867372
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Frederick, MD
Zoning GC · permitted uses
GC · 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
OFFICE BUILDING
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.53 ac
Current owner
From public records · entity-resolved
7495 Rp LLC
Entity
Mailing address
5377 JACKSON MTN RD, FREDERICK, MD 21702-2777
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
7495 Rp LLC
—
Deed
related
$15,000,000 · First Citizens Bank & Trust Co
Aug 2, 2021
—
Mfs Frederick LLC
—
Deed
related
$33,750,000 · City National Bank
Apr 12, 2021
$7,642,000
7495 Rp LLC
Mfs Abs Frederick LLC
Special Warranty Deed
$6,630,000 · First Citizens Bank & Trust Co
Mar 19, 2020
$43,000,000
Mfs-abs Frederick LLC
Technology Pk Maryland L 270
Grant Deed
—
Feb 15, 2019
—
270 Technology Park Lender LLC
—
Loan Modification
related
$127,937,715 · Citibank
Feb 18, 2015
$20,000,000
270 Technology Park Maryland
Smith Benjamin P|frederick Tech I Owner LLC
Trustees Deed
related
$423,204,865 · H/2 Financial Funding I LLC
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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