Office Condo Unit with
23 E FREDERICK STREET Unit 4 Walkersville, MD 21793
23 E FREDERICK STREET Unit 4, Walkersville, MD, 21793
$550,000
For Sale
$550,000
Well-maintained office condominium unit available with a leaseback in place through September 2027.
Property Size1,600 SF
Price / SF$343.75
Days on Market9
Property Features for 23 E FREDERICK STREET Unit 4
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
MacRo, Ltd.
(703) 507-1069
Listed by
Ashleigh Laura Rossi · License #659717
(703) 507-1069
Source
Xome
Added: Jul 13 Updated: Jul 21 at 2:39AM Checked: Jul 21 at 3:00AM
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 MacRo, Ltd.
Investment Insights
Based on property information with market context.
This well-maintained office condominium unit, identified as Unit 4 at 23 E. Frederick Street, is offered for sale as a turn-key investment with an existing occupant. The property is presented as a reliable, income-producing setup, with the seller requesting a leaseback through September 2027 to help support a seamless transition after closing.
The opportunity is located at 23 E. Frederick Street in Walkersville, Maryland. The transaction structure is designed to eliminate the need to secure a new tenant immediately after closing, since occupancy is already in place under the leaseback arrangement through September 2027.
The opportunity is located at 23 E. Frederick Street in Walkersville, Maryland. The transaction structure is designed to eliminate the need to secure a new tenant immediately after closing, since occupancy is already in place under the leaseback arrangement through September 2027.
Key Highlights
- Well‑maintained office condominium unit with a leaseback in place through September 2027
- Central air conditioning
- Heating system listed as "3"
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 | $49.5k | $30.96 |
| − Vacancy | −$10.5k | −$6.53 |
| EGI | $39.1k | $24.43 |
| − OpEx | −$9.8k | −$6.11 |
| NOI | $29.3k | $18.32 |
1,600 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$418.8K
$366.4K – $488.6K
NOI $29,313 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$592.9K
$518.8K – $691.7K
NOI $41,501 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dale Clabaugh - State ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office condominium unit available with a leaseback in place through September 2027.
Where is this office units located?
The property is located at 23 E FREDERICK STREET Unit 4 Walkersville, MD.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained office condominium unit with a leaseback in place through September 2027; Central air conditioning; Heating system listed as "3"
