Brick-Front Retail
250 W PATRICK STREET, Frederick, MD 21701
For Sale
New
$353,700
An open interior, tall ceilings, and broad windows provide a flexible setting for commercial use.
Property Size1,660 SF
Price / SF$213.07
Days on Market4
Property Features for 250 W PATRICK STREET
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Construction
Listing Agency:
Sunshine Management Corp.
Listed By:
William Zahler · License MD #35528
(301) 663-8383
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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 Sunshine Management Corp.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1890, this 1,660-square-foot retail property at 250 W Patrick Street in Frederick, Maryland, has a brick exterior and an open interior. High ceilings and expansive windows bring natural light into the space, while the open layout allows for flexible configurations.
Parking options include on-street spaces and a nearby parking lot.
Parking options include on-street spaces and a nearby parking lot.
Key Highlights
- 1,660 square feet of retail space
- Built in 1890 with a brick exterior
- Open interior with high ceilings and expansive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,082
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,640
$361.6K
Cap Rate 7%
$258,314
$258.3K
Cap Rate 9%
$200,911
$200.9K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$26.5K $15.96/SF
− Vacancy
−$662 −$0.40/SF
EGI
$25.8K $15.56/SF
− OpEx
−$7.7K −$4.67/SF
NOI
$18.1K $10.89/SF
Area
Frederick County, MD
Vacancy
2.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,640
Cap Rate 7%
$258,314
Cap Rate 9%
$200,911
Alternative Uses
Best Use
Retail
$258.3K
$226.0K – $301.4K
NOI $18,082 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,765
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Groceries 10%
Shops & Services 5%
Shuckin' Shack Oyster Bar
Dining
7,560 visits/mo
0.4 miles
China Garden
Dining
7,073 visits/mo
0.5 miles
The Spice & Tea Exchange
Groceries
1,728 visits/mo
0.5 miles
M&T Bank
Shops & Services
910 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Frederick County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An open interior, tall ceilings, and broad windows provide a flexible setting for commercial use.
Where is this retail space located?
The property is located at 250 W PATRICK STREET Frederick, MD.
What is the asking price?
The asking price for this property is $353,700.
What are key features of this property?
This property features: 1,660 square feet of retail space; Built in 1890 with a brick exterior; Open interior with high ceilings and expansive windows
