Property profile

77 Monocacy Blvd Frederick, MD 21701

OFF-MARKET
Drive through restaurants
Property ID
US40-0559519
4,140 SF 1.15 ac lot Built 2022
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of commercial pad sites with approximately 5,000 square feet of land area. The site provides vehicular access from I-70 and has street access via a signalized intersection on Monocacy Blvd, as well as access from Patrick Street. The location is planned for a Tru by Hilton development, with future ground-breaking that was anticipated for the second quarter of 2023.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2022
Total area 4,140 SF
Lot 1.15 ac (50,094 SF)
Zoning code GC
APN 02-602656
UPID US40-0559519

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

77 Monocacy Blvd Frederick, MD 21701-5781
Frederick metro Census 772200 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

GC · Frederick, MD
Zoning description

A. All uses permitted in the GC General Commercial District, and B. Multi-family residential dwellings which may be permitted provided the requirements set forth in (d)(1) below are met. Under no circumstances shall resi…

General category COMMERCIAL
Top alternative use upside
Office building $1.5M +15.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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