500 W Patrick St, Frederick, MD
Fully leased retail property with versatile development options.
- Added:
- Mar 10, 2025
- Days on Market:
- 463
- Last Refresh:
- May 20 at 8:22 pm
Property Features for 500 W Patrick St
General Information
- Standard status
- Active
- Size
- 12,761 SF
- Lot size
- 0.91 Acres
- Property subtype
- RETAIL
Listing agent Kevin Brandes
Listing office ONE Street (202) 867-5309
Listing date Mar 10, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ONE Street
HighLights
- 1.6% in place Cap Rate
- 100% leased
- 12,761 square feet across three buildings
- Features 4 retail/commercial spaces
- DB Zoning allowing versatile development options
Overview
Local Financial Insights For Retail
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 | $203.7k | $15.96 |
| − Vacancy | −$5.1k | −$0.40 |
| EGI | $198.6k | $15.56 |
| − OpEx | −$59.6k | −$4.67 |
| NOI | $139.0k | $10.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.3978
- Latitude
- 39.4118
