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Two-Building Class A Office Park
For Lease
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5240 Corporate Dr, Frederick, MD 21703

New-construction office campus with flexible suite configurations and extensive on-site parking.

Space Size83,000 SF
Days on Market279

Property Features for 5240 Corporate Dr

General Information

Standard status Active
Size 83,000 SF
Class A
Property subtype OFFICE

Space & Availability

Divisible Yes
Space Use Office

Additional Details

Highway Access Yes

Spaces For Lease

at 5240 Corporate Dr Contact us

5240 Corporate Dr

Floor
Bldg
Size
83,000 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- This is a two building office park with a 38,000 square foot and a 45,000 square...
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Listing Agency: AushCo Commercial Real Estate
Listed By: Justin Ausherman
Source: Moodyscre
Added: Nov 25, 2025 Changed: Aug 29 Last Checked: Aug 31 at 2:36AM

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 AushCo Commercial Real Estate

Investment Insights

Based on property information with market context.

This office property comprises two newly constructed buildings totaling 83,000 square feet. The buildings measure 38,000 square feet and 45,000 square feet, with floor plates ranging from 15,000 - 18,000 SF. Flexible suite configurations are available within a modern Class A office setting designed for energy efficiency.

Located at 5240 Corporate Dr in Frederick, the property occupies Corporate Drive between Crestwood Boulevard and New Design Road. The site offers access from multiple directions and convenient connectivity to Rt. 270. Westview Promenade, with food and shopping amenities, is within walking distance. A large parking field serves the office campus, and the elevated site provides 360-degree views.

Key Highlights

  • Two office buildings totaling 83,000 square feet
  • Buildings measure 38,000 square feet and 45,000 square feet
  • Floor plates range from 15,000 - 18,000 SF

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Dental Office Parking Lot & Garage Acupuncture Barber Shop Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,293
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - New-construction office campus with flexible suite configurations and extensive on-site parking.
Where is this office building located?
The property is located at 5240 Corporate Dr Frederick, MD.
What are key features of this property?
This property features: Two office buildings totaling 83,000 square feet; Buildings measure 38,000 square feet and 45,000 square feet; Floor plates range from 15,000 - 18,000 SF
(240) 578-4220 Call to check price and availability
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