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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Investment properties
8 Church St Frederick, MD 21701-5402
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US40-2265599
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1895
Total area
2,460 SF
Lot
0.05 ac (2,074 SF)
Zoning code
DBO
APN
02-099306
UPID
US40-2265599
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
-
Isellhouses.Com Real Estate Agency
-
Raymond Wright Real Estate Agency
-
Square Art Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$755k
Owner & transaction history
Church Street Investment Group LLC · 1 yrs held
Church Street Investment Group LLC
since 2025
Last sale
$695,000
7 recorded transactions
Zoning & alternative use
DBO · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$890,000
+43.9%
Retail stores
$690,000
+11.0%
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
$770,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Current use
OFFICE BUILDING
$890,000
Change: +44% · Conversion: Easy
RETAIL STORES
$690,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $695k (Apr 3 2025)
Last sale anchor
$695k
Apr 3 2025
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
$307 / 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
$10,983
Tax year 2023
Assessed value
$606,067
Assessed 2023
Previous assessed
$523,600
+15.8% YoY
Effective rate
1.81%
On assessed value
Land market value
$275,800
Improvement market value
$495,200
Total market value
$771,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1895
Heating
RADIANT
Cooling
YES
Stories
3
Units
1
Bathrooms
4
Total area
2,460 SF
Lot
0.05 ac (2,074 SF)
Zoning code
DBO
APN
02-099306
UPID
US40-2265599
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
DBO · Frederick, MD
Zoning DBO · permitted uses
DBO · 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
COMMERCIAL (GENERAL) Current
Est. value
$620,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1895
Heating
RADIANT
Cooling
Yes
Stories
3
Units
1
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Church Street Investment Group LLC
Entity
Mailing address
405 W 2ND ST, FREDERICK, MD 21701-5066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 3, 2025
$695,000
Church Street Investment Group LLC
S&w 8 East Church Street LLC
Deed
$521,250 · Pfn Lending Group INC
Mar 25, 2021
—
Brian K Ward
—
Deed
related
$379,000 · Direct Mortgage Loans LLC
Jan 2, 2019
$599,999
Brian K Ward
Pritinder Singh Khara
Deed
$400,000 · Direct Mortgage Loans LLC
Feb 18, 2016
—
Khara,pritinder S Living Trust
Khara,pritinder S
Quit Claim Deed
related
—
Dec 23, 2008
—
Pritinder S Khara
Khara,pritinder S
Quit Claim Deed
related
—
Sep 9, 2005
$625,000
Pritinder S Khara
Valley View Properties LLC
Grant Deed
$500,000 · Countrywide Home Loans INC
Jan 14, 2005
$365,000
Valley View Properties LLC
Wensel,john M
Grant Deed
—
May 4, 1999
$29,000
George W Stribling
Stribling,george W & Leslie R
Grant Deed
related
$50,000 · Transportation FCU
—
—
George W Stribling
—
Deed Of Trust
related
$93,000 · Champion Mortgage Co INC
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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