Flex Space With
9211 Baltimore Rd, Frederick, MD 21704
For Sale
$625,000
Flex property with finished office space, storage, GC zoning, and vacant delivery.
Property Size3,166 SF
Lot Size1.00 Acre
Price / SF$197.41
Days on Market95
Property Features for 9211 Baltimore Rd
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Office Build-Out
Building Details
Year Built
Buildings
Building Size
Listing Agency:
RE/MAX Plus
Listed By:
Paul A. Katrivanos · License MD #504850
(240) 604-3000
Source:
Livefrederickmd
Added: Aug 11
Changed: Oct 25
Last Checked: Oct 7 at 2:38PM
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 RE/MAX Plus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,166-square-foot flex building, constructed in 1935, includes 1,300 square feet of finished office area, with the balance configured for storage. The property is scheduled to transfer vacant, allowing the next owner to establish its own operations within the existing layout. Zoning is designated GC, and prospective buyers should independently confirm allowable uses.
The 1-acre property fronts Rt 144 near I-70 and the Spring Ridge community. The location is approximately 3 miles from downtown Frederick, with MDOT traffic data indicating more than 13,000 vehicles per day on the route. Access to the property is available from the surrounding road network, and the site records a bike score of 7 and a walk score of 13.
The 1-acre property fronts Rt 144 near I-70 and the Spring Ridge community. The location is approximately 3 miles from downtown Frederick, with MDOT traffic data indicating more than 13,000 vehicles per day on the route. Access to the property is available from the surrounding road network, and the site records a bike score of 7 and a walk score of 13.
Key Highlights
- 3,166‑square‑foot flex building with 1,300 square feet of finished office space
- Remaining building area provides storage space
- 1‑acre property facing Rt 144 near I‑70
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,698
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,960
$594.0K
Cap Rate 7%
$424,257
$424.3K
Cap Rate 9%
$329,978
$330.0K
Market Conditions
NOI Build-Up for 3,166 SF
Gross rent
$37.2K $11.74/SF
− Vacancy
−$2.2K −$0.70/SF
EGI
$34.9K $11.04/SF
− OpEx
−$5.2K −$1.66/SF
NOI
$29.7K $9.38/SF
Area
Frederick County, MD
Vacancy
6.00%
Lease Rate
$11.74 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,960
Cap Rate 7%
$424,257
Cap Rate 9%
$329,978
Alternative Uses
Best Use
Office B
$828.6K
$725.0K – $966.7K
NOI $58,003 @ 7.0% cap · market cap 9.28%
Second Best
Warehouse
$424.3K
$371.2K – $495.0K
NOI $29,698 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,121 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21704, MD
19,275
Population
6,230
Households
3.1
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
26.6 sq mi
ZIP Area
725
Density / Sq Mi
$164,457
Median Household Income
$82,145
Median Earnings
$2,395
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property with finished office space, storage, GC zoning, and vacant delivery.
Where is this flex space located?
The property is located at 9211 Baltimore Rd Frederick, MD.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,166‑square‑foot flex building with 1,300 square feet of finished office space; Remaining building area provides storage space; 1‑acre property facing Rt 144 near I‑70
