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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Investment properties
8 Frederick St, Walkersville, MD 21793-8209
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0803600
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
2,300 SF
Lot
0.63 ac (27,600 SF)
Zoning code
B2
APN
26-441455
UPID
US40-0803600
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$590k
Owner & transaction history
Patrick M Heidenberg · 8 yrs held
Patrick M Heidenberg
since 2017
7 recorded transactions
Zoning & alternative use
B2 · Walkersville, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+43.9%
Retail stores
$515,000
+1.2%
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 Walkersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walkersville 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
COMMERCIAL (GENERAL)
$505,000
Current use
OFFICE BUILDING
$730,000
Change: +44% · Conversion: Easy
RETAIL STORES
$515,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$257 / 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
$5,491
Tax year 2023
Assessed value
$411,800
Assessed 2023
Previous assessed
$393,900
+4.5% YoY
Effective rate
1.33%
On assessed value
Land market value
$142,600
Improvement market value
$305,000
Total market value
$447,600
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1920
Construction
FRAME
Heating
RADIANT
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
2,300 SF
Lot
0.63 ac (27,600 SF)
Zoning code
B2
APN
26-441455
UPID
US40-0803600
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
B2 · Walkersville, MD
Zoning B2 · permitted uses
B2 · Walkersville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walkersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$515,000
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
1920
Construction
FRAME
Heating
RADIANT
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Patrick M Heidenberg
Individual
Mailing address
10 E FREDERICK ST, WALKERSVILLE, MD 21793-8235
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2017
$265,000
Patrick M Heidenberg
Stanwich Mortgage Loan Trct
Grant Deed
—
May 25, 2004
$430,000
Bill A Hall JR.
Bbr Properties LLC
Grant Deed
$387,000 · Suntrust Mortgage INC
May 16, 2003
$225,000
Bbr Properties LLC
Gamble,christopher L & Marsha B
Grant Deed
—
Apr 8, 2002
$418,500
American National Red Cross
Gamble,christopher & Marsha B
Grant Deed
—
Sep 27, 2000
—
Christopher L Gamble
Cornerstone Atlantic INC
Grant Deed
related
—
Oct 10, 1997
$350,000
Cornerstone Atlantic INC
C Beattie Stauffer Estate
Grant Deed
$280,000 · Huntington National Bank
—
—
Bill A Hall JR.
—
Deed Of Trust
related
$58,345 · Citifinancial INC
—
—
Bill A Hall JR.
—
Deed Of Trust
related
$63,088 · Citifinancial 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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