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    Property profile & analytics

    997 Patrick St Frederick, MD 21702-4077

    • Drive through restaurants
    • 2,249 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $4,075,000
    Last Sale
    Sep 23, 2021
    $3,075,000
    Location Intelligence
    Property ID
    US40-1879847
    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

    • Chipotle Mexican Grill / Mexican Restaurant / Caterer

    Property Details for 997 Patrick St

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Property size
    2,249 SF
    Zone code
    GC
    Property type
    Drive through restaurants
    APN
    02-464519
    APU
    2464519

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.4378
    Latitude
    39.4165
    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
    $25,261
    $920,200
    $485,000
    $1,405,200
    -
    $920,200
    $485,000
    $1,405,200

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      1560 Opossumtown Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,680 SF
      1560 Opossumtown Pike, Frederick, MD 21702-4337
      View Details
    • Value Estimation by Request
      3,039 SF

      1203 Patrick St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,039 SF
      1203 Patrick St, Frederick, MD 21702-3905
      View Details
    • Value Estimation by Request
      2,304 SF

      1201 Patrick St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,304 SF
      1201 Patrick St, Frederick, MD 21702-3905
      View Details
    • Value Estimation by Request
      3,588 SF

      2020 Yellow Spgs Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,588 SF
      2020 Yellow Spgs Rd, Frederick, MD 21702-2304
      View Details
    • Value Estimation by Request
      4,792 SF

      1399 7th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,792 SF
      1399 7th St, Frederick, MD 21702-4128
      View Details
    • Value Estimation by Request
      3,024 SF

      191 Thomas Johnson Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,024 SF
      191 Thomas Johnson Dr, Frederick, MD 21702-4314
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,790 SF

      Restaurant Pad Site with Drive-Thru

      4,790 SF restaurant pad site with drive-thru available.
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      Frederick Retail Space For Lease

      Prime Frederick location, 3,424 sq ft restaurant space.
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      Retail space available in a well-located, anchored shopping center.
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      Frederick County Retail Center

      Prime Frederick retail space available.
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      227,382 SF

      Frederick County Retail Center

      Prime Frederick location, multiple suites available.
      1003 Patrick St, Frederick, MD 21702
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    • $1,350 /Mo

      Retail Space For Rent

      Retail space available for lease.
      184 Thomas Johnson Dr, Frederick, MD 21702
      View Details

    Property Visit Statistics

    • Visits by month
      25.5k
    • Visitors by month
      18.6k
    • Avg Time on site
      12 min
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    997 Patrick St
    Frederick, MD 21702-4077
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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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