Office Suite with Conference
For Sale
Under Contract
$779,000
241 E 4TH Street, Frederick, MD 21701
Commercial Sale, FREDERICK, MD
Property Size44,840 SF
Lot Size1.49 Acres
Price / SF$273.53
Days on Market533
Property Features for 241 E 4TH Street
General Information
Property type
Other
Property subtype
Office
Parking
8
Parking features
On Street, Parking Lot
Elementary school district
FREDERICK COUNTY PUBLIC SCHOOLS
Middle school district
FREDERICK COUNTY PUBLIC SCHOOLS
High school district
FREDERICK COUNTY PUBLIC SCHOOLS
Standard status
Active Under Contract
Lot size
1.49 Acres
Additional Details
Property Use
Medical Office
Condition
Built-Out
Taxes and HOA fees
Tax Annual Amount
8852
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
Conference Room
Large Full Kitchen
Breakroom
Common Restrooms
Building Details
Year built
1937
Number of units
1
Building materials
Brick, Brick Front, Metal Siding
Buildings
1
Listing Agency:
Mackintosh, Inc.
Listed By:
Nancy A Green · License #512471
(301) 662-0155
Added: May 16, 2025
Changed: Oct 28
Last Checked: Oct 30 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,848-square-foot office suite is configured for office or medical use, with no retail use indicated. The layout includes five offices, a conference room, three large open cubicle areas, and a full kitchen. The suite has three AC units, while multiple restrooms and a breakroom are located in the common area.
The suite is within a 44,840-square-foot building on a 1.49-acre site. The building dates to 1937 and is zoned DB.
The suite is within a 44,840-square-foot building on a 1.49-acre site. The building dates to 1937 and is zoned DB.
Key Highlights
- 2,848 SF office/medical suite; no retail use
- Five offices, a conference room, and three large open cubicle areas
- Full kitchen within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,769
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,380
$1.1M
Cap Rate 7%
$768,129
$768.1K
Cap Rate 9%
$597,433
$597.4K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$99.8K $35.04/SF
− Vacancy
−$10.2K −$3.57/SF
EGI
$89.6K $31.47/SF
− OpEx
−$35.8K −$12.59/SF
NOI
$53.8K $18.88/SF
Area
Frederick County, MD
Vacancy
10.20%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,380
Cap Rate 7%
$768,129
Cap Rate 9%
$597,433
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,244
Businesses Nearby
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Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite offers five private offices, open work areas, and a full kitchen for office or medical use.
Where is this office unit 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 suite; no retail use; Five offices, a conference room, and three large open cubicle areas; Full kitchen within the suite
