Medical Office Condo with Open
For Sale
$359,900
11236 ROBINWOOD Drive, Hagerstown, MD 21742
Commercial Sale, HAGERSTOWN, MD
Property Size1,379 SF
Price / SF$260.99
Days on Market414
Property Features for 11236 ROBINWOOD Drive
General Information
Property type
Other
Property subtype
Retail
Parking
120
Parking features
Parking Lot
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Amenities
private office
fully-equipped kitchen
restroom
Building Details
Year built
2010
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Added: Sep 11, 2025
Changed: Sep 16
Last Checked: Oct 29 at 10:06PM
MLS# MDWA2031458
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,379-square-foot medical office condo was built in 2010 and features an open-concept interior with a private office, fully equipped kitchen, and restroom. The space was formerly used as a pharmacy and includes central air, electric and heat pump heating, and parking lot access.
The property fronts a medical corridor at 11236 Robinwood Drive in Hagerstown, Maryland. It is located near Meritus Medical Center, Robinwood Medical Center, Hagerstown Community College, and the Meritus School of Osteopathic Medicine. The combination of an adaptable interior and proximity to established medical institutions supports medical, office, and retail use potential.
The property fronts a medical corridor at 11236 Robinwood Drive in Hagerstown, Maryland. It is located near Meritus Medical Center, Robinwood Medical Center, Hagerstown Community College, and the Meritus School of Osteopathic Medicine. The combination of an adaptable interior and proximity to established medical institutions supports medical, office, and retail use potential.
Key Highlights
- 1,379 sq. ft. commercial condominium
- Open‑concept interior with private office, kitchen, and restroom
- Former pharmacy space with adaptable commercial layout
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial condo with a private office, kitchen, restroom, and parking lot.
Where is this medical office space located?
The property is located at 11236 ROBINWOOD Drive 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 sq. ft. commercial condominium; Open‑concept interior with private office, kitchen, and restroom; Former pharmacy space with adaptable commercial layout
