Office Medical Suite with
For Sale
$789,900
241 E 4th Street Unit 105, Frederick, MD 21701
2,848 SF office-medical suite with five offices, conference space, open cubicles, and a full kitchen.
Property Size2,848 SF
Lot Size1.49 Acres
Price / SF$277.35
Days on Market475
Property Features for 241 E 4th Street Unit 105
General Information
Standard status
Active
Size
2,848 SF
Lot size
1.49 Acres
Property subtype
Commercial
Zoning
DB
Additional Details
Office Units
5
Building Details
Year Built
1937
Listing Agency:
Mackintosh,Inc.
Listed By:
Nancy A Green
(301) 258-7757
Source:
Ournexthouse
Added: Apr 13, 2025
Changed: Jul 10
Last Checked: Jul 24 at 10:52PM
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 Mackintosh,Inc.
Investment Insights
Based on property information with market context.
Suite 105 offers 2,848 SF of office and medical-oriented space with a professionally finished interior. The layout includes five offices, a conference room, three large open cubicle areas, and a large full kitchen. Multiple restrooms and a breakroom are provided within the common area. The suite also includes three AC units.
The property is located in historic downtown Frederick on East Street. The broader building is a 64,620 SF asset on 1.49 acres, with DB zoning listed for the property.
This configuration is well suited for professional teams that need both private offices and collaborative work areas, along with dedicated meeting space and in-suite meal preparation. Access to restrooms and a breakroom in the common area supports day-to-day operations for office and medical uses. The presence of multiple AC units within the suite can help with temperature control across the working areas.
The property is located in historic downtown Frederick on East Street. The broader building is a 64,620 SF asset on 1.49 acres, with DB zoning listed for the property.
This configuration is well suited for professional teams that need both private offices and collaborative work areas, along with dedicated meeting space and in-suite meal preparation. Access to restrooms and a breakroom in the common area supports day-to-day operations for office and medical uses. The presence of multiple AC units within the suite can help with temperature control across the working areas.
Key Highlights
- 2,848 SF office/medical suite in historic downtown Frederick (no retail)
- Suite layout includes five offices, conference room, three large open cubicle areas, and a full kitchen
- Multiple restrooms and a breakroom located in the common area
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 6.81%
Second Best
Office B
$745.4K
$652.2K – $869.6K
NOI $52,177 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
3,244
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 2,848 SF office-medical suite with five offices, conference space, open cubicles, and a full kitchen.
Where is this office units located?
The property is located at 241 E 4th Street Unit 105 Frederick, MD.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 2,848 SF office/medical suite in historic downtown Frederick (no retail); Suite layout includes five offices, conference room, three large open cubicle areas, and a full kitchen; Multiple restrooms and a breakroom located in the common area
