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    Historic Sharpsburg House Renovation Title is generated by Realmo AI

    117 E Main St, Sharpsburg, MD 21782

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    For Sale
    $399,900

    Renovated historic property with potential for residential or commercial use.

    Type:Commercial
    Added:
    Apr 3, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 4 at 8:12 pm

    Property Features for 117 E Main St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1872

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    Listing Contact
    ROGER N FAIRBOURN

    Listing agent ROGER N FAIRBOURN License #67107

    Listing office ROGER FAIRBOURN REAL ESTATE

    Listing date Apr 3, 2026

    Source Corcoran

    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 ROGER FAIRBOURN REAL ESTATE

    HighLights

    • Down‑to‑studs renovation with preserved original details like floors and woodwork, plus improved insulation/structure.
    • Versatile property suitable for residence, home‑based business, or commercial use (subject to town approval).
    • Lovingly preserved shop space ideal for gallery, shop, museum, or conversion to a great room/kitchen.
    • Located on Main Street next to a popular restaurant.
    • Close proximity (one block) to a new interpretive park about the Battle of Antietam.
    • Located in Sharpsburg, a community actively engaged in historical preservation.

    Overview

    This renovated historic property, once known as the Sharpsburg House, has undergone significant renovations while preserving original details such as original floors and woodwork. The property offers potential as a large residence, a location for a home-based business, or full commercial use. Previously operated as Hammonds General Store, the shop space has been preserved, offering prospective purchasers a space to develop a gallery, shop, museum, or other home-based business, subject to town approval. The shop space could also be converted into a great room with space for a large kitchen and gathering space. The property is located on Main Street, next to a popular local restaurant and a block away from a new interpretive park presenting the impact of the Battle of Antietam on the residents of Sharpsburg in 1862. The community of Sharpsburg takes pride in its preservation efforts, with the town Museum, the new park, and the acquisition of a house untouched after the battle indicating advancing interest in this preservation effort.
    Location Intelligence

    Current Use by Public Records

    Sharpsburg Christ Reformed ... Church

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Auto Parts Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Green Hill Farm — 5329 Mondell Rd, Sharpsburg, MD 21782

    Location Insight

    • Map
    • Local Demand
    City
    Sharpsburg
    County
    Washington
    State
    Maryland
    Longitude
    -77.7480064
    Latitude
    39.458835

    FAQs

    What type of property is this?
    Storefront property - Renovated historic property with potential for residential or commercial use.
    Where is this storefront property located?
    The property is located at 117 E Main St Sharpsburg, MD.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Down‑to‑studs renovation with preserved original details like floors and woodwork, plus improved insulation/structure.; Versatile property suitable for residence, home‑based business, or commercial use (subject to town approval).; Lovingly preserved shop space ideal for gallery, shop, museum, or conversion to a great room/kitchen.
    (301) 733-4183
    We can help!
    Listing Contact
    ROGER N FAIRBOURN
    Real Estate License ID: 67107
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    117 E Main St, SHARPSBURG, MD 21782
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