Luxury Office Condo in
50 Carroll Creek Way Frederick, MD 21701
50 Carroll Creek Way, Frederick, MD, 21701
$585,000
For Sale
$585,000
Class A office condo in vibrant Downtown Frederick location.
Property Size1,851 SF
Price / SF$316.05
Days on Market110
Property Features for 50 Carroll Creek Way
General Information
- Standard status
- Active
- Size
- 1,851 SF
- Property subtype
- Office
Listing agency
MacKenzie Commercial Real Estate - Corporate
(410) 821-8585
Listed by
Gary Gill · License #MD 636644
(410) 821-8585
Source
Mackenziecommercial
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 2:58AM
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 MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
This 1,851 square foot Class A office condo is located on the third floor of the South Market Center. The space features a high-end luxury buildout, including six private offices, a conference room, a kitchenette, a reception area, and a waiting room. Common area restrooms are accessible. The sale includes one dedicated parking space (320-A). The property is positioned along Carroll Creek and its Linear Park, directly across from the Carroll Creek Garage and adjacent to the Frederick County Public Library. It is situated in the heart of Downtown Frederick, surrounded by retail and dining amenities.
Key Highlights
- Prime Downtown Frederick location with abundant retail and dining amenities.
- High‑end luxury buildout with six private offices, conference room, kitchenette, reception area, and waiting room.
- Located on Carroll Creek with views of Linear Park.
Local Financial Insights For Office B
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 | $57.3k | $30.96 |
| − Vacancy | −$12.1k | −$6.53 |
| EGI | $45.2k | $24.43 |
| − OpEx | −$11.3k | −$6.11 |
| NOI | $33.9k | $18.32 |
1,851 SF · lease $30.96/SF/yr · vacancy 21.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$484.4K
$423.9K – $565.2K
NOI $33,911 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$685.9K
$600.2K – $800.2K
NOI $48,012 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greber & Associates
Law Firm
KAMRAD ASSOCIATES, LLC
Law Firm
Affordable Auto Insurance
Marketing & Advertising
Community Title Network
Title Company
Contour Mortgage Frederick, ...
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Class A office condo in vibrant Downtown Frederick location.
Where is this office units located?
The property is located at 50 Carroll Creek Way Frederick, MD.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Prime Downtown Frederick location with abundant retail and dining amenities.; High‑end luxury buildout with six private offices, conference room, kitchenette, reception area, and waiting room.; Located on Carroll Creek with views of Linear Park.
