241 E 4TH Street Frederick, MD 21701
Commercial Sale - FREDERICK, MD
Property Features for 241 E 4TH Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 8
- Parking features
- On Street, Parking Lot
- Standard status
- Active
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8852
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Number of units
- 1
- Building materials
- Brick, Brick Front, Metal Siding
Listing agent Nancy A Green License #512471 (301) 748-3321
Listing office Mackintosh, Inc. 262 W Patrick Street, Frederick, MD (301) 662-0155
Listing date May 16, 2025
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The space is located on East Street at 241 E 4TH Street in Frederick, MD 21701.
The subject is part of a larger 44,840 SF building on 1.49 acres. The property is designated DB zoning.
Key Highlights
- 2,848 SF Office/Medical Space in Historic Downtown Frederick
- Five Offices, Conference Room, Three Large Open Cubicle Areas, Large Full Kitchen
- Located on East Street with on‑street and parking lot options
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $35.04 |
| − Vacancy | −$10.2k | −$3.57 |
| EGI | $89.6k | $31.47 |
| − OpEx | −$35.8k | −$12.59 |
| NOI | $53.8k | $18.88 |
Alternative Uses
Property Analytics
Current Use by Public Records
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