233 W PATRICK Street Frederick, MD 21701
Commercial Sale - FREDERICK, MD
Property Features for 233 W PATRICK Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 2
- Parking features
- Driveway, On Street
- Standard status
- Active
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5536
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Number of units
- 1
- Building materials
- Brick
Listing agent Justin Saltzman License #0668428 (301) 639-5894
Listing office VCRE.CO 50 Citizens Way unit: 203, FREDERICK, MD (240) 367-9600
Listing date Jun 2, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 233 W Patrick Street in Frederick, Maryland, the building is zoned DB, providing flexibility for potential office users.
As an existing office asset, this property may be a fit for buyers seeking a smaller building with established space and a zoning designation intended to accommodate a range of business uses.
Key Highlights
- 1,176 SF building with historic brick construction built in 1910
- Central air cooling plus heating listed as Other (Heating)
- Zoned DB, offering flexibility for office or office‑building uses
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 |
