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    Property profile & analytics

    8 2nd St Frederick, MD 21701-5345

    • Banks
    • 2,704 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $6,650,000
    Last Sale
    Oct 26, 2022
    $7,200,000
    Location Intelligence
    Property ID
    US40-1324507
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • VIP Headshot / Photographer / Commercial Photographer
    • Law Offices of John C. Hanrahan, LLC / Law Firm / Tax Attorney
    • Vanessa Honsou - MD Realtor / Real Estate Agent
    • Sara Rubio Morris, Century 21 Redwood Realty / Real Estate Agency
    • DOM / Mortgage Lender

    Property Details for 8 2nd St

    Year built
    1860
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    2,704 SF
    Zone code
    DB
    Property type
    Banks
    APN
    02-201615
    APU
    2201615

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,605,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,515,000
      6.5%
      $6,795,000
      7%
      $6,690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,430,000
      Geo Method
      $7,545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,600,000
      Retail
      $6,830,000
      Mixed-Use
      $6,845,000
      Hospitality
      $6,700,000
      Educational
      $6,555,000
      Residential Income
      $6,130,000
      Energy
      $7,135,000
      Income-Based Land
      $6,275,000
      Food Service
      $5,820,000

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.41
    Latitude
    39.4163
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,134
    $0.00
    $0.00
    $728,267
    -
    $290,700
    $457,300
    $748,000

    Comparable in this City

    • Value Estimation by Request
      3,656 SF

      1303rd E Patrick Sta

      FINANCIAL BUILDING • 3,656 SF
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    • Value Estimation
      $1,455,000
      3,420 SF

      490 Monocacy Blvd

      FINANCIAL BUILDING • 3,420 SF
      490 Monocacy Blvd, Frederick, MD 21701-6148
      View Details
    • Value Estimation by Request
      4,112 SF

      1990 Monocacy Blvd

      FINANCIAL BUILDING • 4,112 SF
      1990 Monocacy Blvd, Frederick, MD 21701-9416
      View Details
    • Value Estimation by Request
      2,520 SF

      1295 Riverbend Way

      FINANCIAL BUILDING • 2,520 SF
      1295 Riverbend Way, Frederick, MD 21701-9350
      View Details
    • Value Estimation
      $265,000
      2,110 SF

      18 Patrick St

      FINANCIAL BUILDING • 2,110 SF
      18 Patrick St, Frederick, MD 21701-6952
      View Details
    • Value Estimation by Request
      2,400 SF

      9 Monocacy Blvd

      FINANCIAL BUILDING • 2,400 SF
      9 Monocacy Blvd, Frederick, MD 21701-5781
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,804 SF

      Retail Center Space Available

      Retail space for sale in North Frederick.
      1800 Monocacy Blvd, Frederick, MD 21701
      View Details
    • Contact for pricing
      1,255 SF

      Retail Space in Affluent Area

      Built-out nail salon space available immediately in Frederick, MD.
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    • $424,000

      Historic Brick Shell with Potential

      Historic brick shell offering unmatched flexibility for various uses.
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      Frederick Mixed-Use Property For Sale

      Mixed-use property with commercial potential in a vibrant Frederick location.
      431 Patrick St, Frederick, MD 21701
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    • $1,299,000
      4,120 SF

      Commercial Property with Owner Financing

      Commercial gem with convenience store and apartment near Lake Linganore.
      9711 Liberty Rd, Frederick, MD 21701
      View Details
    • $2,190,000
      12,761 SF

      Retail Investment Opportunity

      Fully leased retail property with versatile development options.
      500 W Patrick St, Frederick, MD 21701
      View Details

    Similar Nearby for Lease

    • New
      $18 SF/Yr
      133,729 SF

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • New
      $18 SF/Yr
      133,729 SF

      Frederick Commercial Space with Drive-Through

      Versatile commercial space in Frederick, ideal for various businesses.
      198 Thomas Johnson Dr, Frederick, MD 21701
      View Details
    • $12 SF/Yr
      300,000 SF

      Frederick Retail Space For Lease

      300,000 sq ft of retail space available for lease.
      1301 Patrick St, Frederick, MD 21701
      View Details
    • Contact for pricing
      5,500 SF

      Retail Pad Sites Available

      Retail pad sites with excellent visibility and access available for rent.
      1202 E Patrick St, Frederick, MD 21701
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space in Frederick, Maryland

      Retail space for lease in a neighborhood shopping center.
      1700 Kingfisher Dr, Frederick, MD 21701
      View Details
    • $20 SF/Yr
      1,400 SF

      Retail Space Near Hood College

      Retail space for lease near Hood College and US 15.
      915-925 W 7Th St, Frederick, MD 21701
      View Details
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    8 2nd St
    Frederick, MD 21701-5345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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