Class A Office Condo with Luxury
For Sale
Contact for pricing
50 Carroll Creek Way, Frederick, MD 21701
Third-floor office suite with private offices, meeting space, kitchenette, reception, and waiting areas.
Property Size1,851 SF
Price / SF$316.05
Days on Market227
Property Features for 50 Carroll Creek Way
General Information
Standard status
Active
Size
1,851 SF
Class
Class A
Total Parking Spaces
1
Property subtype
OFFICE
Additional Details
Floor
3
Amenities
common area restrooms
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(410) 821-8585
Listed By:
Mike Ruocco · License #MD 641180
(410) 627-6881
Source:
Moodyscre
Added: Feb 27
Changed: Oct 10
Last Checked: Oct 11 at 9:50AM
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 occupies the third floor at South Market Center and features a high-end luxury buildout. The layout includes six private offices, a conference room, kitchenette, reception area, waiting room, and access to common area restrooms. One dedicated parking space, identified as 320-A, is included with the sale.
The property fronts Carroll Creek and its Linear Park, with Carroll Creek Garage directly across the street and the Frederick County Public Library adjacent. The office is situated in Downtown Frederick, surrounded by retail services and dining options.
The property fronts Carroll Creek and its Linear Park, with Carroll Creek Garage directly across the street and the Frederick County Public Library adjacent. The office is situated in Downtown Frederick, surrounded by retail services and dining options.
Key Highlights
- 1,851 SF ± Class A office condo on the third floor
- Luxury buildout with 6 private offices, conference room, kitchenette, reception, and waiting room
- One dedicated parking space, 320‑A, included with sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,911
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,220
$678.2K
Cap Rate 7%
$484,443
$484.4K
Cap Rate 9%
$376,789
$376.8K
Market Conditions
NOI Build-Up for 1,851 SF
Gross rent
$57.3K $30.96/SF
− Vacancy
−$12.1K −$6.53/SF
EGI
$45.2K $24.43/SF
− OpEx
−$11.3K −$6.11/SF
NOI
$33.9K $18.32/SF
Area
Frederick County, MD
Vacancy
21.10%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,220
Cap Rate 7%
$484,443
Cap Rate 9%
$376,789
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 authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,024
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Third-floor office suite with private offices, meeting space, kitchenette, reception, and waiting areas.
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: 1,851 SF ± Class A office condo on the third floor; Luxury buildout with 6 private offices, conference room, kitchenette, reception, and waiting room; One dedicated parking space, 320‑A, included with sale
