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Property profile & analytics
OFF-MARKET
Estimated value
$8,060,000
Warehouses
811 Es St Frederick, MD 21701-5753
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1661786
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Construction
FRAME
Total area
103,600 SF
Lot
3.38 ac (147,233 SF)
Zoning code
M2
APN
02-227134
UPID
US40-1661786
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
$9.82M
Blend (final)
Blend
$8.06M
Owner & transaction history
Bluegrass Storage Lc · 3 yrs held
Bluegrass Storage Lc
since 2023
4 recorded transactions
Zoning & alternative use
M2 · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M2 district is intended to permit general or heavy industrial activities not able to meet the criteria applicable in the M1 districts. General retail and residential uses are not appropriate for this zone. MO (Manufacturing/ Office) The M/O district is intended to provide a park-like setting for a community of industries, having no nuisance factors as a…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
125.11 ac
Source
ARTICLE 4 - ZONING
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.06M
Range $7.25M – $8.87M · ±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
$78 / 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
$114,893
Tax year 2023
Assessed value
$6,269,600
Assessed 2023
Previous assessed
$809,700
+674.3% YoY
Effective rate
1.83%
On assessed value
Land market value
$809,700
Improvement market value
$5,972,500
Total market value
$6,782,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
103,600 SF
Lot
3.38 ac (147,233 SF)
Zoning code
M2
APN
02-227134
UPID
US40-1661786
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
M2 · Frederick, MDZoning M2 · permitted uses
M2 · Frederick, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M2 district is intended to permit general or heavy industrial activities not able to meet the criteria applicable in the M1 districts. General retail and residential uses are not appropriate for this zone. MO (Manufacturing/ Office) The M/O district is intended to provide a park-like setting for a community of industries, having no nuisance factors as a means of protecting investments within the district, and reducing the impact of industrial uses on surrounding districts. Though leeway is provided concerning the type of industry permitted within the district the appearance and means of operation shall be scrutinized and compared to the performance standards provided herein.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
125.11 ac
Source
ARTICLE 4 - ZONING
Building & site characteristics
From public records
Year built
2022
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
4
Units
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
Bluegrass Storage Lc
Individual
Mailing address
12500 FAIR LKS CIR FAIRFAX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 11, 2023
—
Bluegrass Storage Lc
Frederick Corner III LLC
Lease
$10,000,000 · Sandy Spring Bank
Sep 30, 2016
$1,800,000
Frederick Corner III LLC
Wolfe Family Lllp
Grant Deed
—
Sep 17, 1999
$590,552
Wolfe Family Lllp
Romsburg,p E & Mildred V
Grant Deed
—
—
—
Wolfe Family Lllp
—
Deed Of Trust
related
$750,000 · Middletown Valley Bank
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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