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    Insurance Way Hagerstown, MD 21740

    For Sale
    $950,000

    Lots/Land/Farm - HAGERSTOWN, MD

    Type:Farm
    Lot size:
    22.01 Acres
    Days on Market:
    156
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for Insurance Way

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Lot size
    22.01 Acres

    Building Details

    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Michelle B Hodos (888) 536-0216

    Listing date Jul 12, 2025

    MLS# MDWA2028410 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Near I-81

    This property features approximately 22 acres of commercial real estate. It is located near I-81 and is zoned Professional Office Mixed (POM) with a new text overlay allowing for wider usage. Approximately 6 acres bordering Insurance Way are developable. The remaining buffer of approximately 16 acres is comprised of forest easements and a designated flood plain. All major utilities are available to the site. The property has potential for further subdivision and borders I-81, offering potential signage and visibility. Buyers should confirm if the property is still in the designated Enterprise Zone, which includes potential economic development incentives and tax credits for qualifying businesses. The property is located in HAGERSTOWN, MD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.76286947
    Latitude
    39.64539734

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    FAQs

    What type of property is this?
    Land - 22 acres of commercial real estate near I-81.
    Where is this land located?
    The property is located at Insurance Way Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime commercial real estate location near I-81.; - Zoned Professional Office Mixed (POM) with new text overlay allowing wider usage.; - Approximately 6 acres bordering Insurance Way are developable.
    (888) 536-0216
    Request Owner's contact information
    Insurance Way Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Insurance Way Hagerstown, MD 21740
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