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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Commercial land
Grv Rd, Frederick, MD 21704
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-1582141
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Lot
3.46 ac (150,805 SF)
Zoning code
GC
APN
28-538650
UPID
US40-1582141
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
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Rkm Lhc LLC · 4 yrs held
Rkm Lhc LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
GC · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,480,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10% · vs last sale $2.70M (Apr 18 2022)
Last sale anchor
$2.70M
Apr 18 2022
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
—
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
$30,045
Tax year 2023
Assessed value
$2,563,600
Assessed 2023
Previous assessed
$2,563,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,563,600
Land market value
$2,563,600
Total market value
$2,563,600
Applied tax rate
28.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
AC.PACKAGE
Lot
3.46 ac (150,805 SF)
Zoning code
GC
APN
28-538650
UPID
US40-1582141
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Frederick, MD
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Cooling
Yes
Lot
3.46 ac
Current owner
From public records · entity-resolved
Rkm Lhc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5903 URBANA PIKE, FREDERICK, MD 21704-7206
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Rkm Lhc LLC
—
Deed
related
$829,000 · Middletown Valley Bank
Jul 22, 2022
—
Rkm Lhc LLC
—
Deed
related
$2,978,000 · Middletown Valley Bank
Apr 18, 2022
—
Rkm Lhc LLC
Rkm Lhc LLC
Intrafamily Transfer
related
—
Dec 16, 2021
$2,700,000
Rkm Lhc LLC
Lidl Us Operations LLC
Special Warranty Deed
$2,025,000 · Middletown Valley Bank
Apr 28, 2016
$2,400,000
Lidl Us Operations LLC
Frederick Land Lllp
Grant Deed
—
Mar 9, 2006
$774,456
Frederick Land LLP
Joy Family
Grant Deed
—
—
—
Joy Family LP
—
Deed Of Trust
related
$400,000 · Virginia Commerce Bank
—
—
Frederick Land Llllp
—
Loan Modification
related
$45,500,000 · Pnc Bank
—
—
Frederick Land Lllp
—
Deed Of Trust
related
$1,030,000 · Pnc 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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