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Property profile & analytics
OFF-MARKET
Investment properties

30 Patrick St Frederick, MD 21701-5628

3,082 SF 0.07 ac lot Built 1870
Entity Owned 2-yr Hold Free & Clear
Property ID
US40-1488072
Property summary
AI-generated overview

This exceptional sublease opportunity presents 14,000 square feet of divisible Class A office space within the Patrick Center in downtown Frederick, Maryland. Located on the fifth and sixth floors, this space boasts stunning views of the city. The layout includes over 25 private offices, providing ample room for a variety of business needs. Four well-appointed conference rooms facilitate productive meetings and collaborations. Additional amenities include multiple break areas, substantial storage space, restrooms, a welcoming reception area, and adaptable cubicle workspaces. The building itself is a seven-story structure with elevators, ensuring convenient access to all floors. This prime location offers unparalleled convenience, situated near the courthouse and within easy walking distance of numerous shops, restaurants, and amenities such as Starbucks. The current lease has two years remaining, with options available to negotiate a longer-term agreement. The property is zoned DB and is a single building with multiple tenants. This is an ideal opportunity for a business seeking a prestigious and well-equipped office space in the heart of Frederick. The address is 30 W Patrick Street, Frederick, MD 21701, at the corner of S Court Street.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1870
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,082 SF
Lot 0.07 ac (3,091 SF)
Zoning code DB
APN 02-122294
UPID US40-1488072
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Benjamin Seibert - Morgan Stanley Financial Advisor
  • Aion Trauma Center Crisis Center Medical Clinic
  • Kismet Ketamine & Wellness Infusions Medical Clinic
  • Merrill Lynch Financial Advisor Matthew E. Larsen Financial Advisor
  • Merrill Lynch Private Wealth Advisor Timothy G Mellott Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mhvp LLC · 2 yrs held
Mhvp LLC
since 2024
Last sale
$495,000
4 recorded transactions
2024
$495,000
2020
Price N/A
2020
Price N/A
2019
$15.9M
Zoning & alternative use
DB · Frederick, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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