Flex/Warehouse Facility with
For Sale
Contact for pricing
4102 Harvard Pl, Frederick, MD 21703
Versatile flex/warehouse building featuring conditioned warehouse space and built-out office area.
Property Size20,000 SF
Lot Size3.35 Acres
Price / SF$249.75
Days on Market465
Property Features for 4102 Harvard Pl
General Information
Standard status
Active
Size
20,000 SF
Lot size
3.35 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
12,000 SF
Office Build-Out
8,000 SF
Conditioned Warehouse
Yes
Building Details
Buildings
1
Building Size
20,000 SF
Listing Agency:
Fitzgerald Realty Group, Inc.
(301) 698-1080
Listed By:
Seamus Fitzgerald · License #504744
(301) 787-4050
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:15AM
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 Fitzgerald Realty Group, Inc.
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Investment Insights
Based on property information with market context.
A versatile flex/warehouse facility offering a blend of conditioned warehouse space and built-out office. The building includes approximately 12,000 square feet of conditioned warehouse space alongside about 8,000 square feet of office, supporting a range of operations that need both storage and dedicated workspace.
The property is located at 4102 Harvard Place and sits on approximately 3.35 acres, providing room for on-site operational needs consistent with industrial use.
Available for sale, this property is presented by Fitzgerald Realty Group, Inc. as exclusive representative of the owner.
The property is located at 4102 Harvard Place and sits on approximately 3.35 acres, providing room for on-site operational needs consistent with industrial use.
Available for sale, this property is presented by Fitzgerald Realty Group, Inc. as exclusive representative of the owner.
Key Highlights
- Flex/warehouse facility at 4102 Harvard Place in Frederick
- Approximately 20,000 SF building on 3.35 acres
- Includes about 12,000+ SF of conditioned warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,605
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,752,100
$3.8M
Cap Rate 7%
$2,680,071
$2.7M
Cap Rate 9%
$2,084,500
$2.1M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$234.8K $11.74/SF
− Vacancy
−$14.1K −$0.70/SF
EGI
$220.7K $11.04/SF
− OpEx
−$33.1K −$1.66/SF
NOI
$187.6K $9.38/SF
Area
Frederick County, MD
Vacancy
6.00%
Lease Rate
$11.74 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,752,100
Cap Rate 7%
$2,680,071
Cap Rate 9%
$2,084,500
Alternative Uses
Best Use
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,605 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$2.21M
$1.93M – $2.57M
NOI $154,498 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$7.41M
$6.48M – $8.65M
NOI $518,767 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21703, MD
41,138
Population
15,773
Households
2.6
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
32.0 sq mi
ZIP Area
1,286
Density / Sq Mi
$105,293
Median Household Income
$56,791
Median Earnings
$1,887
Median Rent
$364,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex/warehouse building featuring conditioned warehouse space and built-out office area.
Where is this flex space located?
The property is located at 4102 Harvard Pl Frederick, MD.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Flex/warehouse facility at 4102 Harvard Place in Frederick; Approximately 20,000 SF building on 3.35 acres; Includes about 12,000+ SF of conditioned warehouse space
