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    Remodeled Office Space with Furnishings Title is generated by Realmo AI

    127-129 5 W Patrick St, Frederick, MD

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    Fully furnished, remodeled office space available for rent.

    Type:OFFICE
    Property size:
    1,653 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $281/SF
    Added:
    Nov 24, 2025
    Days on Market:
    199
    Last Refresh:
    May 20 at 9:33 pm

    Property Features for 127-129 5 W Patrick St

    General Information

    Standard status
    Active
    Size
    1,653 SF
    Lot size
    0.02 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 127-129 5 W Patrick St Contact us

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    Listing Contact
    Chris Kline, Jr.

    Listing agent Chris Kline, Jr.

    Listing office Frederick Commercial Real Estate

    Listing date Nov 24, 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 Frederick Commercial Real Estate

    HighLights

    • Full remodel in 2020 including flooring, doors, cabinets, paint, HVAC, lighting, bathrooms, and kitchenettes.
    • Fully furnished with desks, chairs, TVs, dry erase blackboards, couches, refrigerators, Nespresso coffee machine, dishes, and silverware.
    • Features three private offices, reception/waiting area, and conference room.
    • Energy‑efficient lighting with auto‑detect and Nest HVAC thermostat with remote access helps reduce and optimize monthly electric bill.
    • Ring alarm system with remote access.
    • Water filtration systems in both kitchen sinks.

    Overview

    This office space features three private offices, a reception/waiting area, a conference room, and a kitchenette. The property underwent a full remodel in 2020, including new flooring, doors, cabinets, paint, HVAC, lighting, bathrooms, and kitchenettes. The space is fully furnished with desks, chairs, TVs, dry erase blackboards, couches, refrigerators, a Nespresso coffee machine, dishes, and silverware. Energy-efficient lighting with auto-detect capabilities and an energy-efficient Nest HVAC thermostat with remote access are installed. A Ring alarm system with remote access and water filtration systems in both kitchen sinks are also included. The property contains 1,653 square feet.

    Local Financial Insights For Office B

    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 $51.2k $30.96
    − Vacancy −$10.8k −$6.53
    EGI $40.4k $24.43
    − OpEx −$10.1k −$6.11
    NOI $30.3k $18.32
    1,653 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $432.6K
    $378.6K – $504.7K (±1% cap)
    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 (±1% cap)
    NOI $42,876 @ 7.0% cap · market cap 9.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frederick
    County
    Frederick
    State
    Maryland
    Longitude
    -77.408
    Latitude
    39.4142

    FAQs

    What type of property is this?
    Office units - Fully furnished, remodeled office space available for rent.
    Where is this office units 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: Full remodel in 2020 including flooring, doors, cabinets, paint, HVAC, lighting, bathrooms, and kitchenettes.; Fully furnished with desks, chairs, TVs, dry erase blackboards, couches, refrigerators, Nespresso coffee machine, dishes, and silverware.; Features three private offices, reception/waiting area, and conference room.
    (240) 457-4802 Call to check price and availability
    More about this property
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