241 E 4th Street Unit 105, Frederick, MD 21701
2,848 SF office-medical suite with five offices, conference space, open cubicles, and a full kitchen.
- Added:
- May 9, 2025
- Days on Market:
- 403
- Last Refresh:
- Jun 10 at 1:47 am
Property Features for 241 E 4th Street Unit 105
General Information
- Standard status
- Active
- Size
- 2,848 SF
- Lot size
- 1.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1937
Listing agent Nancy A Green (301) 258-7757
Listing office Mackintosh,Inc.
Listing date May 9, 2025
Source Ournexthouse
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 Mackintosh,Inc.
HighLights
- 2,848 SF office/medical suite in historic downtown Frederick (no retail)
- Suite layout includes five offices, conference room, three large open cubicle areas, and a full kitchen
- Multiple restrooms and a breakroom located in the common area
- Suite includes three AC units
- Building built in 1937; 44,840 SF on 1.49 acres (64,620 SF) with DB zoning
Overview
The property is located in historic downtown Frederick on East Street. The broader building is a 64,620 SF asset on 1.49 acres, with DB zoning listed for the property.
This configuration is well suited for professional teams that need both private offices and collaborative work areas, along with dedicated meeting space and in-suite meal preparation. Access to restrooms and a breakroom in the common area supports day-to-day operations for office and medical uses. The presence of multiple AC units within the suite can help with temperature control across the working areas.
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
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.4056976
- Latitude
- 39.4190211
