30 Patrick St Frederick, MD 21701-5628
- Investment properties
- 3,082 SF
- 0.07 lot acres
Current Use by Public Records
- Benjamin Seibert - Morgan Stanley / Financial Consultant / Investment Service
- Aion Trauma Center / Counselor / Psychoanalyst
- Kismet Ketamine & Wellness Infusions / Medical Center / Wellness Center
- Merrill Lynch Financial Advisor Matthew E. Larsen / Financial Consultant / Financial Planner
- Merrill Lynch Private Wealth Advisor Timothy G Mellott / Financial Consultant / Financial Planner
Property Details for 30 Patrick St
- Year built
- 1870
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 3,082 SF
- Zone code
- DB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02-122294
- APU
- 2122294
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $385,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $405,000
- Mixed-Use
- $360,000
- Hospitality
- $355,000
- Educational
- $390,000
- Residential Income
- $415,000
- Energy
- $420,000
- Income-Based Land
- $435,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.4098
- Latitude
- 39.4138
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
