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    18450 Showalter Rd, Unit | Hagerstown Hagerstown, MD 21742

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    For Lease
    Contact for pricing

    Industrial and manufacturing space with airport access, suitable for aviation.

    Property size:
    764 SF
    Lot size:
    764 SF

    Property Features for 18450 Showalter Rd

    General Information

    Size
    764 SF

    Building Details

    Year built
    1944
    Source: Lee-associates

    Listing Agent: Joel Kreider, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hagerstown Industrial/Manufacturing Space For Lease

    This industrial and manufacturing space offers bays ranging from 43,750 square feet to 250,000 square feet. Ceiling heights reach up to 46 feet. The property includes dock and drive-in loading, heating, and full fire suppression. Doors measure 24 feet by 60 feet, and floor loads can reach up to 500 PSF. Adjacent balcony office space is available. Manufacturing highlights include the same square footage availability and ceiling heights as the industrial space, along with heating and full fire suppression. FBO facilities are available, and hangars are suitable for up to B-737 class aircraft. A dedicated ramp provides access to the Hagerstown Regional Airport. Ample outside storage and self-fueling potential are present.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ongoing Operations Information Services First Breach Manufacturer PODS Moving & Storage Vehicle Shipping Agent Hagerstown Aviation Museum Tourist Attraction Program insite LLC Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7275262
    Latitude
    39.7040185

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    FAQs

    What type of property is this?
    Aviation real estate - Industrial and manufacturing space with airport access, suitable for aviation.
    Where is this aviation real estate located?
    The property is located at 18450 Showalter Rd, Unit | Hagerstown Hagerstown, MD.
    What are key features of this property?
    This property features: - Direct ramp access to Hagerstown Regional Airport.; - Hangar space suitable for up to B-737 class aircraft.; - High ceiling heights up to 46 ft.
    (717) 208-8647
    Request Owner's contact information
    18450 Showalter Rd, Unit | Hagerstown Hagerstown, MD 21742
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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.

    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
    18450 Showalter Rd, Unit | Hagerstown Hagerstown, MD 21742
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