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Two-Building Class A Office Park
For Lease
Contact for pricing

5240 Corporate Drive, Frederick, MD 21703

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

Space Size83,000 SF
Days on Market46

Property Features for 5240 Corporate Drive

General Information

Standard status Active
Size 83,000 SF
Class A
Property subtype Office - General Office

Space & Availability

Divisible Yes
Space Use Office

Additional Details

Highway Access Yes

Building Details

Building Size 83,000 SF
Year Built 2022

Spaces For Lease

at 5240 Corporate Drive Contact us

100

Size
83,000 SF
Type
Office
Rate
Contact for pricing
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: AushCo
Listed By: Justin Ausherman
Source: Commercialcafe
Added: Jul 27 Changed: Sep 8 Last Checked: Sep 9 at 5:32AM

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

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

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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
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

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 Drive 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
More about this property
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