Office and Medical
241 E 4TH Street Frederick, MD 21701
241 E 4TH Street, Frederick, MD, 21701
$779,000
For Sale
$779,000
Commercial Sale - FREDERICK, MD
Property Size2,848 SF
Lot Size1.49 Acres
Price / SF$273.53
Days on Market427
Property Features for 241 E 4TH Street
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 8
- Parking features
- On Street, Parking Lot
- Standard status
- Active
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8852
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1937
- Number of units
- 1
- Building materials
- Brick, Brick Front, Metal Siding
Listing Agency
Mackintosh, Inc.
(301) 662-0155
262 W Patrick Street, Frederick, MD
Listed by
Nancy A Green · License #512471
(301) 748-3321
Added: May 16, 2025 Checked: Jul 16 at 10:06 pm
MLS# MDFR2064534
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.
Beautifully decorated 2,848 SF office and medical space (no retail) in historic downtown Frederick. The suite includes five offices, a conference room, three large open cubicle areas, and a large full kitchen. Multiple restrooms and a breakroom are located in the common area, and the suite contains three AC units.
The space is located on East Street at 241 E 4TH Street in Frederick, MD 21701.
The subject is part of a larger 44,840 SF building on 1.49 acres. The property is designated DB zoning.
The space is located on East Street at 241 E 4TH Street in Frederick, MD 21701.
The subject is part of a larger 44,840 SF building on 1.49 acres. The property is designated DB zoning.
Key Highlights
- 2,848 SF Office/Medical Space in Historic Downtown Frederick
- Five Offices, Conference Room, Three Large Open Cubicle Areas, Large Full Kitchen
- Located on East Street with on‑street and parking lot options
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Paige Hammarlund, Charis ...
Real Estate Agency
Latoya Thomas, Realtor
Real Estate Agency
The Wolfe Team of Charis ...
Real Estate Agency
Allie Vasquez | Maryland ...
Real Estate Agency
Jeremy Sanchez Realtor ...
Real Estate Agency
Similar For Sale Nearby
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
FAQs
What type of property is this?
Medical Office Space - Freestanding suite offers five offices, conference room, open cubicle areas, and a full kitchen.
Where is this medical office space located?
The property is located at 241 E 4TH Street 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 Space in Historic Downtown Frederick; Five Offices, Conference Room, Three Large Open Cubicle Areas, Large Full Kitchen; Located on East Street with on‑street and parking lot options
