Office and Medical
For Sale
$779,000
105-241 E 4th St, Frederick, MD 21701
Suite features five offices, conference room, open cubicle areas, and a full kitchen, with common-area restrooms.
Property Size2,848 SF
Lot Size1.49 Acres
Price / SF$273.53
Days on Market533
Property Features for 105-241 E 4th St
General Information
Standard status
Active
Size
2,848 SF
Lot size
1.49 Acres
Zoning
DB
Additional Details
Lease Term
8 months
Taxes and HOA fees
Annual Taxes
$8,852
Amenities
Five Offices
Conference Room
Three Large Open Cubicle Areas
Large Full Kitchen
Multiple Restrooms
Breakroom
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Nancy A Green · License #512471
(301) 748-3321
Source:
Exprealty
Added: May 16, 2025
Changed: Oct 26
Last Checked: Oct 28 at 2:21PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This beautifully decorated office/medical suite is approximately 2,848 square feet and is configured with five offices, a conference room, three large open cubicle areas, and a large full kitchen. The suite also includes multiple restrooms and a breakroom located in the common area, and the space contains three AC units.
The property is located in historic downtown Frederick on East Street. The building is approximately 64,620 square feet on 1.49 acres and is described as DB zoned.
The transaction is listed for sale with an existing 8-month lease and an option to buy, and the property is also offered for lease. The suite’s planned interior layout supports professional office and medical use (no retail).
The property is located in historic downtown Frederick on East Street. The building is approximately 64,620 square feet on 1.49 acres and is described as DB zoned.
The transaction is listed for sale with an existing 8-month lease and an option to buy, and the property is also offered for lease. The suite’s planned interior layout supports professional office and medical use (no retail).
Key Highlights
- 2,848 SF office/medical suite (no retail) in historic downtown Frederick
- Layout includes five offices, a conference room, three large open cubicle areas, and a large full kitchen
- Suite has multiple restrooms and a breakroom in the common area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,769
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,380
$1.1M
Cap Rate 7%
$768,129
$768.1K
Cap Rate 9%
$597,433
$597.4K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$99.8K $35.04/SF
− Vacancy
−$10.2K −$3.57/SF
EGI
$89.6K $31.47/SF
− OpEx
−$35.8K −$12.59/SF
NOI
$53.8K $18.88/SF
Area
Frederick County, MD
Vacancy
10.20%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,380
Cap Rate 7%
$768,129
Cap Rate 9%
$597,433
Alternative Uses
Best Use
Healthcare Medical
$768.1K
$672.1K – $896.2K
NOI $53,769 @ 7.0% cap · market cap 6.90%
Second Best
Office B
$745.4K
$652.2K – $869.6K
NOI $52,177 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,469
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Mc Clellan Veterinary Clinic — 142A W Patrick St, Frederick, MD 21701
- Kellogg H Scott DVM — 142 W Patrick St # A, Frederick, MD 21701
- Animal Hospital — Frederick, MD 21701
Frequently Asked Questions
What type of property is this?
Medical Office Space - Suite features five offices, conference room, open cubicle areas, and a full kitchen, with common-area restrooms.
Where is this medical office space located?
The property is located at 105-241 E 4th St Frederick, MD.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 2,848 SF office/medical suite (no retail) in historic downtown Frederick; Layout includes five offices, a conference room, three large open cubicle areas, and a large full kitchen; Suite has multiple restrooms and a breakroom in the common area
