Medical Office Suite with
For Sale
$779,000
241 E 4th St Unit 105, Frederick, MD 21701
Configured with five offices, a conference room, open cubicle areas, and shared restrooms.
Property Size44,840 SF
Lot Size1.49 Acres
Price / SF$273.53
Days on Market95
Property Features for 241 E 4th St Unit 105
General Information
Standard status
Active
Size
44,840 SF
Lot size
1.49 Acres
Zoning
DB
Additional Details
Office Units
1
Amenities
breakroom
restrooms
Building Details
Year Built
1937
Buildings
1
Building Size
44,840 SF
Listing Agency:
Mackintosh, Inc.
Listed By:
Nancy A Green · License #512471
(301) 748-3321
Source:
Hargreaveshomesales
Added: Jul 13
Changed: Sep 14
Last Checked: Oct 7 at 2:44PM
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.
This medical office space encompasses 2,848 SF within a 44,840 SF building constructed in 1937. The suite includes five offices, a conference room, three large open cubicle areas, and a full kitchen. Three AC units serve the space, while multiple restrooms and a breakroom are located in the common area. Retail use is not included in the described configuration.
The property is situated in historic downtown Frederick on 1.49 acres, comprising 64,620 SF of land. DB zoning supports the stated office and medical-office positioning. The combination of private offices, collaborative areas, meeting space, kitchen facilities, and common-area amenities creates a defined professional workplace layout.
The property is situated in historic downtown Frederick on 1.49 acres, comprising 64,620 SF of land. DB zoning supports the stated office and medical-office positioning. The combination of private offices, collaborative areas, meeting space, kitchen facilities, and common-area amenities creates a defined professional workplace layout.
Key Highlights
- 2,848 SF medical office suite
- Five offices, 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.
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Current Use
Lease Details
1
Office units
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with five offices, a conference room, open cubicle areas, and shared restrooms.
Where is this medical office space located?
The property is located at 241 E 4th St Unit 105 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 medical office suite; Five offices, conference room, and three large open cubicle areas; Full kitchen within the suite
