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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Retail residential properties
8994 Urbana Church Rd Frederick, MD 21704-7605
Entity Owned
2-yr Hold
Property ID
US40-0949371
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1865
Total area
2,285 SF
Lot
1.45 ac (63,162 SF)
Zoning code
VC
APN
07-205333
UPID
US40-0949371
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
-
The Buyer's Best Real Estate Agency
-
Relocation Frederick Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$725k
Owner & transaction history
Dogivillage LLC · 2 yrs held
Dogivillage LLC
since 2023
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
VC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$640,000
+7.3%
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
$820,000
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)
$595,000
Current use
RETAIL STORES
$640,000
Change: +7% · Conversion: Easy
OFFICE BUILDING
$540,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $850k (Aug 9 2023)
Last sale anchor
$850k
Aug 9 2023
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
$317 / 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
$4,935
Tax year 2023
Assessed value
$408,433
Assessed 2023
Previous assessed
$393,467
+3.8% YoY
Effective rate
1.21%
On assessed value
Land market value
$189,400
Improvement market value
$234,000
Total market value
$423,400
Applied tax rate
7.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1865
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Total area
2,285 SF
Lot
1.45 ac (63,162 SF)
Zoning code
VC
APN
07-205333
UPID
US40-0949371
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
VC · Frederick, MD
Zoning VC · permitted uses
VC · 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
$595,000
RETAIL STORES
Est. value
$640,000
OFFICE BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE 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
1865
Heating
RADIANT
Stories
2
Units
1
Bathrooms
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
Dogivillage LLC
Entity
Mailing address
24301 STRINGTOWN RD, CLARKSBURG, MD 20871-9214
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Dogivillage LLC
—
Deed
related
$410,000 · Eagle Bank
Aug 9, 2023
$850,000
Dogivillage LLC
Gabriela Anitamaria Richeimer
Deed
—
Aug 9, 2023
—
Gabriela Anitamaria Richeimer
Gabriela Anitamaria Richeimer
Intrafamily Transfer
related
—
Oct 11, 2019
—
Mary B Richeimer
—
Deed
related
$50,000 · Frederick County Bank
Apr 10, 2017
—
Mary B Richeimer
—
Deed
related
$246,500 · Prime Lndg
—
—
Mary B Richeimer
—
Deed Of Trust
related
$160,000 · Headlands Mortgage
—
—
Mary B Richeimer
—
Deed Of Trust
related
$80,000 · J P Morgan Chase Bank
—
—
Mary B Richeimer
—
Deed Of Trust
related
$150,000 · Chase Manhattan Mortgage Corp
—
—
Mary B Richeimer
—
Deed Of Trust
related
$30,000 · Chase Manhattan Bank USA NA
—
—
Mary B Richeimer
—
Deed Of Trust
related
$154,900 · Chase Manhattan Mortgage Corp
—
—
Mary B Richeimer
—
Deed Of Trust
related
$151,500 · Chase Manhattan Mortgage Corp
—
—
Mary B Richeimer
—
Deed Of Trust
related
$40,000 · Chase Manhattan Bank USA NA
—
—
Mary B Richeimer
—
Deed Of Trust
related
$50,000 · Chase Manhattan Bank USA NA
—
—
Mary B Richeimer
—
Deed Of Trust
related
$80,000 · Chase Manhattan Bank USA NA
—
—
Mary B Richeimer
—
Deed Of Trust
related
$246,500 · Prime Lndg
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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