Office Suite with Private
For Sale
Contact for pricing
127-129 5 W Patrick St, Frederick, MD 21701
Office suite features a reception and conference room, plus kitchenettes on both floors.
Property Size1,653 SF
Price / SF$281.31
Days on Market168
Property Features for 127-129 5 W Patrick St
General Information
Standard status
Active
Size
1,653 SF
Total Parking Spaces
1
Property subtype
OFFICE
Listing Agency:
Frederick Commercial Real Estate
(240) 457-4802
Listed By:
Chris Kline, Jr. · License #652912
Source:
Moodyscre
Added: May 6
Changed: Oct 3
Last Checked: Oct 19 at 9:05AM
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 Frederick Commercial Real Estate
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Investment Insights
Based on property information with market context.
This office suite offers three private offices, a reception/waiting area, and a conference room. Kitchenettes are available on both the first and second floor, supporting day-to-day tenant convenience.
The property is located at 127-129 5 W Patrick St in Frederick, MD 21701. It includes one dedicated parking space.
With a layout built for professional office use—private workrooms, a dedicated meeting space, and a reception area—this space is suited for teams that need both administrative and collaborative functions within the same suite.
The property is located at 127-129 5 W Patrick St in Frederick, MD 21701. It includes one dedicated parking space.
With a layout built for professional office use—private workrooms, a dedicated meeting space, and a reception area—this space is suited for teams that need both administrative and collaborative functions within the same suite.
Key Highlights
- 1,653 SF office suite
- Three private offices
- Reception/waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,284
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,680
$605.7K
Cap Rate 7%
$432,629
$432.6K
Cap Rate 9%
$336,489
$336.5K
Market Conditions
NOI Build-Up for 1,653 SF
Gross rent
$51.2K $30.96/SF
− Vacancy
−$10.8K −$6.53/SF
EGI
$40.4K $24.43/SF
− OpEx
−$10.1K −$6.11/SF
NOI
$30.3K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,680
Cap Rate 7%
$432,629
Cap Rate 9%
$336,489
Alternative Uses
Best Use
Office B
$432.6K
$378.6K – $504.7K
NOI $30,284 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$612.5K
$536.0K – $714.6K
NOI $42,876 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,911
Businesses Nearby
Explore this area
Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite features a reception and conference room, plus kitchenettes on both floors.
Where is this office unit located?
The property is located at 127-129 5 W Patrick St Frederick, MD.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,653 SF office suite; Three private offices; Reception/waiting area
