208 MechanicFrostburg, MD 21532

  • Auto shops
  • 1,951 SF
Off market
$1,221,300 Estimated

Property Details for 208 Mechanic

Year built
1954
Construction
BRICK
Lot size
0.12 AC
Property size (Sq ft)
1,951 SF
Zone code
R2
Property type
Auto shops
APN
26-010721
APU
26010721

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $525,492
    6.5%
    $485,070
    7%
    $450,422
  • Comparable approach

    Method
    Valuation
    Relative Method
    $405,686
    Geo Method
    $405,686
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $939,464
    Mixed-Use / Specialty
    $485,954
    Hospitality / Lodging
    $359,932
    Office
    $485,790
    Institutional / Educational
    $506,131
    Residential Income
    $592,173
    Multifamily
    $695,729
    Automotive / Energy
    $433,826
    Parking / Income-Based Land
    $147,126
    Restaurant / Food Service
    $258,327
    Healthcare / Senior Housing
    $495,656

Location Insight

City
Frostburg
County
Allegany
State
Maryland
Latitude
39.6617
Longitude
-78.934
CBSA code
19060
CBSA name
CUMBERLAND, 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
$589
-
-
$58,300
-
$15,900
$43,000
$58,900

FAQs

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