12-16 W Patrick St, Frederick, MD
25,586 SF building with development rights in Frederick, MD.
- Added:
- Mar 10, 2025
- Days on Market:
- 477
- Last Refresh:
- May 20 at 8:15 pm
Property Features for 12-16 W Patrick St
General Information
- Standard status
- Active
- Size
- 25,586 SF
- Lot size
- 0.25 Acres
- Property subtype
- RETAIL
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
- Amazing development rights for expansion.
- Prime location in vibrant Frederick area.
- Zoned DB for versatile commercial, retail, or mixed‑use potential.
- 25,586 SF building.
- Historic charm.
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 | $408.4k | $15.96 |
| − Vacancy | −$10.2k | −$0.40 |
| EGI | $398.1k | $15.56 |
| − OpEx | −$119.4k | −$4.67 |
| NOI | $278.7k | $10.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.4114
- Latitude
- 39.4137