Stand-Alone Office
For Sale
$1,600,000
6008 Fair Oaks Drive, Frederick, MD 21703
Second-floor office space is available in a stand-alone building with on-site parking and multiple office rooms.
Property Size7,844 SF
Lot Size0.68 Acres
Price / SF$203.98
Days on Market130
Property Features for 6008 Fair Oaks Drive
General Information
Standard status
Active
Size
7,844 SF
Total Parking Spaces
12
Lot size
0.68 Acres
Property subtype
Commercial
Zoning
ORI
Lease Term
[]
Additional Details
Heavy Power
Yes
Office Units
5
Building Details
Year Built
2011
Listing Agency:
Mackintosh,Inc.
(301) 748-3321
Listed By:
Nancy A Green · License #512471
Source:
Deepcreeklake
Added: Apr 17
Changed: Aug 23
Last Checked: Aug 23 at 10:03AM
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.
Investment Insights
Based on property information with market context.
6008 Fair Oaks Drive is a stand-alone office building totaling 7,844 SF on a 29,620 SF lot. The first floor is fully leased with income, while the second floor is available for lease and can accommodate up to 12 parking spaces. The property includes five offices, LED lighting, air conditioning in the work area and office, and a dedicated restroom on the second floor.
The building is situated on a 3/4-acre lot and includes a storage shed. The property is served by 3-phase electric, and it has a large kitchen area. Water service is supported by a well, and wastewater is handled by septic.
For tenants or buyers seeking an office configuration with defined rooming and practical on-site amenities, the available second-floor space offers a straightforward workplace layout, with dedicated restroom facilities and an employee-ready kitchen area. The ORI zoning supports office research and industrial-type activity, providing flexibility for appropriate office uses within the existing building improvements.
The building is situated on a 3/4-acre lot and includes a storage shed. The property is served by 3-phase electric, and it has a large kitchen area. Water service is supported by a well, and wastewater is handled by septic.
For tenants or buyers seeking an office configuration with defined rooming and practical on-site amenities, the available second-floor space offers a straightforward workplace layout, with dedicated restroom facilities and an employee-ready kitchen area. The ORI zoning supports office research and industrial-type activity, providing flexibility for appropriate office uses within the existing building improvements.
Key Highlights
- Stand‑alone building built in 2011 offers 7,844 SF on a 29,620 SF (0.68‑acre) lot
- Second‑floor office space available for lease with up to 12 parking spaces
- ORI (Office Research Industrial) zoning; first floor is fully leased with income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$143,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,874,140
$2.9M
Cap Rate 7%
$2,052,957
$2.1M
Cap Rate 9%
$1,596,744
$1.6M
Market Conditions
NOI Build-Up for 7,844 SF
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.
Gross rent
$242.9K $30.96/SF
− Vacancy
−$51.2K −$6.53/SF
EGI
$191.6K $24.43/SF
− OpEx
−$47.9K −$6.11/SF
NOI
$143.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,874,140
Cap Rate 7%
$2,052,957
Cap Rate 9%
$1,596,744
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.40M
NOI $143,707 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.91M
$2.54M – $3.39M
NOI $203,460 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office space is available in a stand-alone building with on-site parking and multiple office rooms.
Where is this office units located?
The property is located at 6008 Fair Oaks Drive Frederick, MD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Stand‑alone building built in 2011 offers 7,844 SF on a 29,620 SF (0.68‑acre) lot; Second‑floor office space available for lease with up to 12 parking spaces; ORI (Office Research Industrial) zoning; first floor is fully leased with income
