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Property profile & analytics
OFF-MARKET
Estimated value
$6,605,000
Commercial land
Huges Frd Rd, Frederick, MD 21701
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1698260
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
3,558 SF
Lot
37.5 ac (1,633,500 SF)
Zoning code
MU1
APN
02-099454
UPID
US40-1698260
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
$5.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.61M
Owner & transaction history
Joskar Velandria · 1 yrs held
Joskar Velandria
since 2024
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
MU1 · 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
$6,675,000
ML approach
$5,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.61M
Range $5.94M – $7.27M · ±10% · vs last sale $6.93M (Mar 7 2023)
Last sale anchor
$6.93M
Mar 7 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
$1,856 / 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
$26,966
Tax year 2023
Assessed value
$1,500,000
Assessed 2023
Previous assessed
$1,786,800
-16.1% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,500,000
Land market value
$1,500,000
Total market value
$1,500,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
RADIANT
Stories
2
Bathrooms
2
Total area
3,558 SF
Lot
37.5 ac (1,633,500 SF)
Zoning code
MU1
APN
02-099454
UPID
US40-1698260
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
MU1 · Frederick, MD
Zoning MU1 · permitted uses
MU1 · 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
RADIANT
Stories
2
Bathrooms
2
Lot
37.5 ac
Current owner
From public records · entity-resolved
Joskar Velandria
Individual
Mailing address
181 HARRY S TRUMAN PKWY STE #250, ANNAPOLIS, MD 21401-7577
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$519,475
Joskar Velandria
D R Horton INC
Deed
$510,065 · Dhi Mortgage Company Ltd
Mar 7, 2023
$6,933,918
D R Horton INC
Forestar USA Real Estate Group INC
Special Warranty Deed
—
Mar 12, 2021
$15,500,000
Forestar USA Real Estate Group INC
Wvs Renn Farm LLC
Special Warranty Deed
—
Oct 14, 2015
$13,500,000
Wvs Renn Farm LLC
Renn Family Investments LLC
Deed
—
Sep 21, 2015
—
Renn Family Investments LLC
Renn,margaret O
Quit Claim Deed
related
—
Nov 13, 2014
—
Renn Family Investments Lllp
Renn,beattie I & Robert E JR
Quit Claim Deed
—
Apr 20, 2009
$39,171
Sill Ventures LLC
Renn,robert E & Beattie I
Grant Deed
$340,000 · Woodsboro 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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