Office and Medical
105-241 E 4th St Frederick, MD 21701
For Sale
$779,000
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 Market438
Property Features for 105-241 E 4th St
General Information
Standard status
Active
Size
2,848 SF
Lot size
1.49 Acres
Listing Agency:
Mackintosh, Inc.
(301) 748-3321
Listed By:
Nancy A Green · License #512471
(301) 748-3321
Source:
Exprealty
Added: May 16, 2025
Changed: Jul 25
Last Checked: Jul 26 at 6:35PM
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.
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 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 |
2,848 SF · lease $35.04/SF/yr · vacancy 10.20% · expense 40.00%
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.
Property Analytics
Location Intelligence
Current Use
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
