Hagerstown Commercial Condo For
For Sale
$359,900
11236 Robinwood Dr Unit 104, Hagerstown, MD 21742
1379 sq ft commercial condo in thriving medical corridor.
Property Size1,379 SF
Price / SF$260.99
Days on Market208
Property Features for 11236 Robinwood Dr Unit 104
General Information
Standard status
Active
Size
1,379 SF
Building Details
Year Built
2010
Listing Agency:
RG Realty, Inc.
Listed By:
Roberto G. Gonzalez · License #598229
(240) 203-6393
Source:
Kandorre
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 7 at 2:38PM
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 sq. ft. commercial condo in Hagerstown is positioned in a medical corridor, suitable for medical, office, or retail enterprises. Formerly a pharmacy, the space features an open-concept layout, a private office, a fully-equipped kitchen, and a restroom. The property is located near Meritus Medical Center, Robinwood Medical Center, Hagerstown Community College, and the new Meritus School of Osteopathic Medicine. This property is suitable for businesses looking to establish or expand in this area.
Key Highlights
- Prime location in a thriving medical corridor near Meritus Medical Center, Robinwood Medical Center, and Hagerstown Community College.
- Suitable for medical, office, or retail enterprises.
- Expansive 1,379 sq. ft. open‑concept 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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 1379 sq ft commercial condo in thriving medical corridor.
Where is this medical office space located?
The property is located at 11236 Robinwood Dr Unit 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: Prime location in a thriving medical corridor near Meritus Medical Center, Robinwood Medical Center, and Hagerstown Community College.; Suitable for medical, office, or retail enterprises.; Expansive 1,379 sq. ft. open‑concept layout.
