M1-Zoned Office
551 E CHURCH STREET, Frederick, MD 21701
For Sale
New
Contact for pricing
Five offices and a full basement provide a defined layout for commercial use.
Property Size2,175 SF
Price / SF$0.01
Days on Market4
Property Features for 551 E CHURCH STREET
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Office Units
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Nancy A Green · License #512471
(301) 748-3321
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:57PM
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 Mackintosh, Inc.
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Investment Insights
Based on property information with market context.
The standalone office building at 551 East Church Street contains five offices, an enclosed rear printer and porch area, and a full open basement. Built in 1930, the property totals 2,175 square feet and is zoned M1.
The building has frontage facing Highland Street, with parking behind it and rear access through an alley.
The building has frontage facing Highland Street, with parking behind it and rear access through an alley.
Key Highlights
- 2,175‑square‑foot standalone office building
- Five offices plus an enclosed rear printer and porch area
- Full open basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,847
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,940
$796.9K
Cap Rate 7%
$569,243
$569.2K
Cap Rate 9%
$442,744
$442.7K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$67.3K $30.96/SF
− Vacancy
−$14.2K −$6.53/SF
EGI
$53.1K $24.43/SF
− OpEx
−$13.3K −$6.11/SF
NOI
$39.8K $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%
$796,940
Cap Rate 7%
$569,243
Cap Rate 9%
$442,744
Alternative Uses
Best Use
Office B
$569.2K
$498.1K – $664.1K
NOI $39,847 @ 7.0% cap · market cap 249,043.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$805.9K
$705.2K – $940.3K
NOI $56,416 @ 7.0% cap · market cap 352,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
1,320
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Five offices and a full basement provide a defined layout for commercial use.
Where is this office building located?
The property is located at 551 E CHURCH STREET Frederick, MD.
What are key features of this property?
This property features: 2,175‑square‑foot standalone office building; Five offices plus an enclosed rear printer and porch area; Full open basement
