Historic Office
233 W PATRICK St Frederick, MD 21701
233 W PATRICK St, Frederick, MD, 21701
$295,000
For Sale
$295,000
Well-maintained 1,176 SF office building built in 1910 with DB zoning in Frederick.
Property Size1,176 SF
Price / SF$250.85
Days on Market50
Property Features for 233 W PATRICK St
General Information
- Standard status
- Active
- Size
- 1,176 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
VCRE.CO
(301) 639-5894
Listed by
Justin Saltzman · License #0668428
(301) 639-5894
Source
Elliman
Added: Jun 3 Updated: Jul 21 at 10:07PM Checked: Jul 21 at 10:07PM
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 VCRE.CO
Investment Insights
Based on property information with market context.
This well-maintained office building offers 1,176 SF of space in a historic structure built in 1910. The property is presented for office or office building use, with DB zoning providing flexibility for potential tenants and businesses.
The building is located at 233 W Patrick St in Frederick, Maryland. BikeScore is listed as 47 (Somewhat Bikeable), walkScore as 62 (Somewhat Walkable), and transitScore as 36 (Some Transit), offering a moderate level of access for daily commutes.
Zoned DB, the property supports a range of office-related uses while retaining its historic character.
The building is located at 233 W Patrick St in Frederick, Maryland. BikeScore is listed as 47 (Somewhat Bikeable), walkScore as 62 (Somewhat Walkable), and transitScore as 36 (Some Transit), offering a moderate level of access for daily commutes.
Zoned DB, the property supports a range of office-related uses while retaining its historic character.
Key Highlights
- Well‑maintained 1,176 SF office building built in 1910 in Frederick
- Zoned DB, offering flexibility for office or office building uses
- Historic build year (1910) with modern utility for tenant/business use
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 | $36.4k | $30.96 |
| − Vacancy | −$7.7k | −$6.53 |
| EGI | $28.7k | $24.43 |
| − OpEx | −$7.2k | −$6.11 |
| NOI | $21.5k | $18.32 |
1,176 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$307.8K
$269.3K – $359.1K
NOI $21,545 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.8K
$381.3K – $508.4K
NOI $30,504 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fait & DiLima Family ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-maintained 1,176 SF office building built in 1910 with DB zoning in Frederick.
Where is this office building located?
The property is located at 233 W PATRICK St Frederick, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Well‑maintained 1,176 SF office building built in 1910 in Frederick; Zoned DB, offering flexibility for office or office building uses; Historic build year (1910) with modern utility for tenant/business use
