Remodeled Medical Office
700 MONTCLAIRE AVENUE #B, Frederick, MD 21701
For Sale
Contact for pricing
First-floor, step-free layout includes treatment rooms, administrative offices, support areas, and two entrances.
Property Size1,932 SF
Price / SF$1.55
Days on Market51
Property Features for 700 MONTCLAIRE AVENUE #B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Floor
Building Details
Year Built
Buildings
Construction
Listing Agency:
Real Estate Teams, LLC
(301) 695-3020
Listed By:
Joseph B Powell · License #35102
(301) 788-7038
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 9:10AM
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 Real Estate Teams, LLC
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Investment Insights
Based on property information with market context.
This detached brick medical office building offers a recently remodeled first-floor suite measuring approximately 1,932 square feet. The step-free layout includes five exam or treatment rooms, a reception and waiting area, receptionist and provider offices, a business manager’s office, triage office, storage room, pharmaceutical storage alcove, and a large galley kitchen. Two half baths and separate entrances support daily operations and visitor flow.
The property is located at 700 Montclaire Avenue #B in Frederick, Maryland, directly across from Frederick Health Hospital. On-site parking includes an oversized private lot with approximately 20 marked spaces, supplemented by non-metered street parking. The building was constructed in 1963.
The property is located at 700 Montclaire Avenue #B in Frederick, Maryland, directly across from Frederick Health Hospital. On-site parking includes an oversized private lot with approximately 20 marked spaces, supplemented by non-metered street parking. The building was constructed in 1963.
Key Highlights
- Approximately 1,932‑square‑foot remodeled first‑floor medical office suite
- Five exam or treatment rooms plus reception and waiting area
- Step‑free access with two entrances for ingress and egress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,395
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,900
$707.9K
Cap Rate 7%
$505,643
$505.6K
Cap Rate 9%
$393,278
$393.3K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$59.8K $30.96/SF
− Vacancy
−$12.6K −$6.53/SF
EGI
$47.2K $24.43/SF
− OpEx
−$11.8K −$6.11/SF
NOI
$35.4K $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%
$707,900
Cap Rate 7%
$505,643
Cap Rate 9%
$393,278
Alternative Uses
Best Use
Healthcare Medical
$521.1K
$455.9K – $607.9K
NOI $36,475 @ 7.0% cap · market cap 1,215.83%
Second Best
Office B
$505.6K
$442.4K – $589.9K
NOI $35,395 @ 7.0% cap · market cap 1,179.83%
Theoretical Best
Specialty Retail
$715.9K
$626.4K – $835.2K
NOI $50,113 @ 7.0% cap · market cap 1,670.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Under-served
Demand for This Use
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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?
Medical Office Space - First-floor, step-free layout includes treatment rooms, administrative offices, support areas, and two entrances.
Where is this medical office space located?
The property is located at 700 MONTCLAIRE AVENUE #B Frederick, MD.
What are key features of this property?
This property features: Approximately 1,932‑square‑foot remodeled first‑floor medical office suite; Five exam or treatment rooms plus reception and waiting area; Step‑free access with two entrances for ingress and egress
