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 Market90
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.
Source:
Moodyscre
Added: May 6
Changed: Jul 31
Last Checked: Aug 2 at 10:46AM
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
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 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
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.
Property 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite features a reception and conference room, plus kitchenettes on both floors.
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: 1,653 SF office suite; Three private offices; Reception/waiting area
