Medical Office
New
For Sale
$900,000
6550 MERCANTILE DRIVE E 201, Frederick, MD 21703
Furnished medical office condominium within a GC-zoned commercial property.
Property Size3,087 SF
Price / SF$291.55
Days on Market2
Property Features for 6550 MERCANTILE DRIVE E 201
General Information
Standard status
Active
Size
3,087 SF
Property subtype
Office
Zoning
GC
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,168
Building Details
Building Size
3,087 SF
Year Built
2007
Listing Agency:
VCRE.CO
(240) 367-9600
Listed By:
Tony "C" Checchia · License #307505
(240) 367-9600
Source:
Barnesrealestatecompany
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 5:31AM
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 VCRE.CO
Investment Insights
Based on property information with market context.
This medical office condominium provides 3,087 square feet of commercial space in a condominium setting. Furniture and fixtures are included, supporting an existing professional office configuration without relying on additional property-specific improvements not identified here.
Constructed in 2007, the property is located on Mercantile Drive in Frederick, Maryland. The site carries GC zoning, providing the stated land-use designation for this medical office asset.
Constructed in 2007, the property is located on Mercantile Drive in Frederick, Maryland. The site carries GC zoning, providing the stated land-use designation for this medical office asset.
Key Highlights
- 3,087 SF medical office condominium
- Furniture and fixtures included
- GC zoning
Financial Insights For Healthcare Medical
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 | $108.2k | $35.04 |
| − Vacancy | −$11.0k | −$3.57 |
| EGI | $97.1k | $31.47 |
| − OpEx | −$38.9k | −$12.59 |
| NOI | $58.3k | $18.88 |
3,087 SF · lease $35.04/SF/yr · vacancy 10.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$832.6K
$728.5K – $971.4K
NOI $58,281 @ 7.0% cap · market cap 6.48%
Second Best
Office B
$807.9K
$707.0K – $942.6K
NOI $56,556 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$1.14M
$1.00M – $1.33M
NOI $80,072 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Furnished medical office condominium within a GC-zoned commercial property.
Where is this medical office space located?
The property is located at 6550 MERCANTILE DRIVE E 201 Frederick, MD.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,087 SF medical office condominium; Furniture and fixtures included; GC zoning
