Boundary St Thurmont, MD 21788
b. The R -2 District is intended to provide for single family residential development on small lots where community sewer and water facilities are constructed or programmed. c. The R-3 District is intended to provide for a greater mix of residential dwelling types on small lots. d. The R -5 District is intended to provide for attached single family dwellings…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R2 · Thurmont, MDb. The R -2 District is intended to provide for single family residential development on small lots where community sewer and water facilities are constructed or programmed. c. The R-3 District is intended to provide for a greater mix of residential dwelling types on small lots. d. The R -5 District is intended to provide for attached single family dwellings on small lots, multi-family dwelling structures, and generally, a variety of residential building types and open spaces to create attractive planned communities. 4. Mixed-Use Village Districts a. The Mixed-Use Village-1 (MXV-1) District is established to foster a greater opportunity for creative development or redevelopment of vacant and underused lands for a variety of uses traditionally compatible with the small-town character of Thurmont. The District seeks to encourag e the following characteristics: 1. Retail shops, offices, residences, and civic space located within walking distance of the TB District and commercial activities. 2. Traditional site and building design. 3. Residential uses developed as accessory to commercial uses and new residential in conjunction with non- residential development. b. The Mixed-Use Village-2 (MXV-2) District is established to foster a greater opportunity for creative development or redevelopment of existing structures for uses traditionally compatible with the small-town character of Thurmont’s Main Street corridor. The MXV-2 District seeks to encourage the following characteristics: 1. Small retail shops, office personal services and residences along or near the Main Street corridor and within comfortable walking distance of the TB District and nearby commercial and civic activities. 2. Traditional site design and building design. 49 3. Residential uses maintained or established as accessory to commercial activities in the district. 4. The compact development or redevelopment of lands near Thurmont's primary economic development areas (current and planned). 5. Physical development characteristics of 1 1/2 to 2 1/2 story structures with commercial uses on the grou nd floor and residential uses above. 5. Business Districts a. The Town Business (TB) District is intended to serve residential neighborhoods with necessary retail facilities as well as service establishments, professional offices, social, and religious properties. It is also intended for the central business area of the town. Stores and other facilities should be grouped together in small areas and in an attractive, convenient manner with attention paid to the safety of pedestrian travel. Physician b.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.