Medical Office
241 E 4TH Street, Frederick, MD 21701
For Sale
New
$540,000
Commercial Sale, FREDERICK, MD
Property Size44,840 SF
Price / SF$273.56
Days on Market5
Property Features for 241 E 4TH Street
General Information
Property type
Property subtype
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
Multiple Restrooms
Breakroom
Air Conditioned and Heated
Building Details
Year built
Number of units
Building materials
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Nancy A Green · License MD #512471
(301) 748-3321
Added: Nov 9
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# MDFR2091770
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 1,974-square-foot medical office suite is in a 44,840-square-foot building on 1.49 acres. The space is heated and cooled, with multiple restrooms and a breakroom in a common area. The property is designated DB, and other units may be combined to create additional space. Retail use is excluded.
The building dates to 1937 and is located in historic downtown Frederick. Parking features include a lot and on-street parking.
The building dates to 1937 and is located in historic downtown Frederick. Parking features include a lot and on-street parking.
Key Highlights
- 1,974‑square‑foot medical office suite
- DB zoning; other units may be combined for additional space
- Shared area includes multiple restrooms and a breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,268
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,360
$745.4K
Cap Rate 7%
$532,400
$532.4K
Cap Rate 9%
$414,089
$414.1K
Market Conditions
NOI Build-Up for 1,974 SF
Gross rent
$69.2K $35.04/SF
− Vacancy
−$7.1K −$3.57/SF
EGI
$62.1K $31.47/SF
− OpEx
−$24.8K −$12.59/SF
NOI
$37.3K $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%
$745,360
Cap Rate 7%
$532,400
Cap Rate 9%
$414,089
Alternative Uses
Best Use
Healthcare Medical
$532.4K
$465.9K – $621.1K
NOI $37,268 @ 7.0% cap · market cap 6.90%
Second Best
Office B
$516.6K
$452.1K – $602.8K
NOI $36,165 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$731.5K
$640.0K – $853.4K
NOI $51,202 @ 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
Under-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Heated, air-conditioned space includes access to shared restrooms and a breakroom.
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 $540,000.
What are key features of this property?
This property features: 1,974‑square‑foot medical office suite; DB zoning; other units may be combined for additional space; Shared area includes multiple restrooms and a breakroom
