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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Banks
7810 Wormans Ml Rd Frederick, MD 21701-3035
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-2064427
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Total area
4,514 SF
Lot
23.68 ac (1,031,501 SF)
APN
02-465329
UPID
US40-2064427
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
-
MyEyeDr. Eye Care Center Contact Lenses Supplier
-
T-Mobile Authorized Retailer Telecommunications Service Data Center
-
Kopit Dental Care Dental Office
-
Queena Singh Physician
-
Molly Carren Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$685k
Owner & transaction history
Lpf Clemson Corner LLC · 6 yrs held
Lpf Clemson Corner LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+97.6%
Commercial (general)
$1.1M
+83.8%
Retail stores
$820,000
+42.5%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$575,000
Current use
OFFICE BUILDING
$1,140,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,060,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$820,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$505,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$475,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$152 / 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
$1,110,688
Tax year 2023
Assessed value
$61,529,200
Assessed 2023
Previous assessed
$56,196,600
+9.5% YoY
Effective rate
1.81%
On assessed value
Assessed land
$5,782,800
Assessed improvement
$55,746,400
Land market value
$5,782,800
Improvement market value
$55,746,400
Total market value
$61,529,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Units
6
Total area
4,514 SF
Lot
23.68 ac (1,031,501 SF)
APN
02-465329
UPID
US40-2064427
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$575,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$505,000
MEDICAL BUILDING
Est. value
$475,000
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2011
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Units
6
Lot
23.68 ac
Current owner
From public records · entity-resolved
Lpf Clemson Corner LLC
Entity
Mailing address
100 E PRATT ST FL #20, BALTIMORE, MD 21202-1027
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
$67,016,000
Lpf Clemson Corner LLC
I&g Direct Real Estate 23 LP
Special Warranty Deed
$34,000,000 · The Northwest Mutual Life Insurance
Dec 29, 2011
$61,000,000
I LP
Clemson Corner LLC
Grant Deed
—
May 13, 2010
$4,150,000
Lowes Hm Ctrs INC
Clemson Corner LLC
Grant Deed
—
—
—
I LP
—
Deed Of Trust
related
$34,000,000 · Northwestern Mutual Life Ins
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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