Retail Investment
For Sale
Contact for pricing
500 W Patrick St, Frederick, MD
Fully leased retail property with versatile development options.
Property Size12,761 SF
Lot Size0.91 Acres
Price / SF$171.62
Days on Market509
Property Features for 500 W Patrick St
General Information
Standard status
Active
Size
12,761 SF
Lot size
0.91 Acres
Property subtype
RETAIL
Listing Agency:
ONE Street
(240) 813-9344
Listed By:
Kevin Brandes · License #DCSP98378229
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 2:59AM
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 ONE Street
Investment Insights
Based on property information with market context.
This retail property features 12,761 square feet of space distributed across three buildings. It comprises four retail/commercial spaces and is currently 100% leased. The property operates at a 6% capitalization rate. Zoned DB, the site allows for versatile development options.
Key Highlights
- 1.6% in place Cap Rate
- 100% leased
- 12,761 square feet across three buildings
Financial Insights For Retail
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 | $203.7k | $15.96 |
| − Vacancy | −$5.1k | −$0.40 |
| EGI | $198.6k | $15.56 |
| − OpEx | −$59.6k | −$4.67 |
| NOI | $139.0k | $10.89 |
12,761 SF · lease $15.96/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.99M
$1.74M – $2.32M
NOI $139,002 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.73M
$4.14M – $5.52M
NOI $330,999 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Apparel 28%
Groceries 20%
Shops & Services 17%
Boscov's
Apparel
41,233 visits/mo
0.5 miles
Weis Markets
Groceries
29,491 visits/mo
0.1 miles
McDonald's
Dining
27,577 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
14,570 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,083 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail property with versatile development options.
Where is this retail space located?
The property is located at 500 W Patrick St Frederick, MD.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: 1.6% in place Cap Rate; 100% leased; 12,761 square feet across three buildings
