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Property profile & analytics
OFF-MARKET
Office Spaces

129-7 Patrick St Frederick, MD 21702

2,089 SF 0.05 ac lot Built 1985
Property ID
Property summary
AI-generated overview

This exceptional 2,089 square foot office condominium is situated in the heart of historic downtown Frederick, Maryland. Located at 129-7 W Patrick Street, Unit D-1, this two-story end unit offers a prime location adjacent to the Frederick County Courthouse and numerous city and county government buildings. The property boasts an excellent configuration ideal for a variety of professional uses, including law firms, settlement companies, engineering firms, or other similar businesses. The flexible layout allows for either single or multi-tenant occupancy, with each level featuring its own separate entrance and restrooms. This provides significant versatility for potential occupants. One designated parking space is included with the unit, and the property benefits from its proximity to two public parking decks, ensuring ample parking for clients and staff. This move-in ready space is one of the largest units in the complex, offering substantial space for operations and growth. The 0.05-acre lot provides convenient access and a professional presence. The property is priced at $339,900 and presents a rare opportunity to acquire a well-located, spacious, and versatile office space in a thriving downtown area. This is a unique opportunity to establish a presence in a highly desirable and convenient location.

Property profile
Verified
Property type Office Spaces
Year built 1985
Total area 2,089 SF
Lot 0.05 ac (2,178 SF)
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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