Medical Office Condo with Open
For Sale
$359,900
11236 ROBINWOOD DR #104 104, Hagerstown, MD 21742
Commercial condo includes a private office, kitchen, and restroom.
Property Size1,379 SF
Price / SF$260.99
Days on Market88
Property Features for 11236 ROBINWOOD DR #104 104
General Information
Standard status
Active
Size
1,379 SF
Amenities
private office
fully-equipped kitchen
restroom
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Source:
Keygroupmd
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 14 at 10:43PM
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 RG Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,379-square-foot commercial condominium offers an open interior arrangement with a private office, kitchen, and restroom. The space was previously operated as a pharmacy and is identified for medical, office, or retail use, providing a practical configuration for professional operations.
The property fronts a medical corridor near Meritus Medical Center, Robinwood Medical Center, Hagerstown Community College, and the Meritus School of Osteopathic Medicine. Its location places the condominium among established healthcare and educational institutions in the Hagerstown area.
The property fronts a medical corridor near Meritus Medical Center, Robinwood Medical Center, Hagerstown Community College, and the Meritus School of Osteopathic Medicine. Its location places the condominium among established healthcare and educational institutions in the Hagerstown area.
Key Highlights
- 1,379‑square‑foot commercial condominium
- Open‑concept interior with private office, kitchen, and restroom
- Previously operated as a pharmacy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,568
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,360
$331.4K
Cap Rate 7%
$236,686
$236.7K
Cap Rate 9%
$184,089
$184.1K
Market Conditions
NOI Build-Up for 1,379 SF
Gross rent
$27.1K $19.68/SF
− Vacancy
−$5.0K −$3.66/SF
EGI
$22.1K $16.02/SF
− OpEx
−$5.5K −$4.00/SF
NOI
$16.6K $12.01/SF
Area
Washington County, MD
Vacancy
18.60%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,360
Cap Rate 7%
$236,686
Cap Rate 9%
$184,089
Alternative Uses
Best Use
Office B
$236.7K
$207.1K – $276.1K
NOI $16,568 @ 7.0% cap · market cap 4.60%
Second Best
Healthcare Medical
$235.5K
$206.1K – $274.8K
NOI $16,487 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$305.9K
$267.7K – $356.9K
NOI $21,412 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21742, MD
33,069
Population
14,099
Households
2.3
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
46.5 sq mi
ZIP Area
711
Density / Sq Mi
$80,533
Median Household Income
$45,717
Median Earnings
$1,267
Median Rent
$280,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial condo includes a private office, kitchen, and restroom.
Where is this medical office space located?
The property is located at 11236 ROBINWOOD DR #104 104 Hagerstown, MD.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,379‑square‑foot commercial condominium; Open‑concept interior with private office, kitchen, and restroom; Previously operated as a pharmacy
