Heated and Cooled Medical Office
241 E 4th St #106, Frederick, MD 21701
For Sale
New
$280,000
The suite offers 1,058 square feet of office or medical space, with shared restrooms and a breakroom.
Property Size44,840 SF
Lot Size1.49 Acres
Price / SF$264.65
Days on Market6
Property Features for 241 E 4th St #106
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Multiple Restrooms and Breakroom in Common Area
Air Conditioned and Heated
Downtown
Building Details
Year Built
Buildings
Building Size
Listing Agency:
MACKINTOSH, INC.
(301) 662-0155
Listed By:
NANCY A GREEN · License MD #512471
(240) 529-0135
Source:
Corcoran
Added: Nov 8
Changed: Nov 13
Last Checked: Nov 12 at 2:31PM
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.
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Investment Insights
Based on property information with market context.
This 1,058-square-foot office or medical suite is located within a 44,840-square-foot building constructed in 1937. The suite has heating and air conditioning, and restrooms and a breakroom are provided in a common area. DB zoning applies to the property, which occupies 1.49 acres (64,620 square feet).
The property is on East Street in downtown Frederick. Additional units may be combined with the suite to create more space.
The property is on East Street in downtown Frederick. Additional units may be combined with the suite to create more space.
Key Highlights
- 1,058 SF office or medical suite
- 44,840 SF building on 1.49 acres (64,620 SF)
- Heating and air conditioning in the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,975
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,500
$399.5K
Cap Rate 7%
$285,357
$285.4K
Cap Rate 9%
$221,944
$221.9K
Market Conditions
NOI Build-Up for 1,058 SF
Gross rent
$37.1K $35.04/SF
− Vacancy
−$3.8K −$3.57/SF
EGI
$33.3K $31.47/SF
− OpEx
−$13.3K −$12.59/SF
NOI
$20.0K $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%
$399,500
Cap Rate 7%
$285,357
Cap Rate 9%
$221,944
Alternative Uses
Best Use
Healthcare Medical
$285.4K
$249.7K – $332.9K
NOI $19,975 @ 7.0% cap · market cap 7.13%
Second Best
Office B
$276.9K
$242.3K – $323.1K
NOI $19,383 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$392.0K
$343.0K – $457.4K
NOI $27,443 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite offers 1,058 square feet of office or medical space, with shared restrooms and a breakroom.
Where is this medical office space located?
The property is located at 241 E 4th St #106 Frederick, MD.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,058 SF office or medical suite; 44,840 SF building on 1.49 acres (64,620 SF); Heating and air conditioning in the suite
