82 West Washington St Hagerstown, MD 21740
Historic landmark with modern performance and value-add potential.
Building Details
- Year built
- 1920
Source:
Svn
Listing Agent: Clayton Kilgallon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Bryan Centre Office Building
The Bryan Centre is a historic landmark with modern performance capabilities. As of January 2026, the property generates a monthly recurring rent of $14,203.00, resulting in an annual gross income of $170,436.00. The current annual net operating income (NOI) is $106,745.11, which translates to a cap rate of 7.12% at a price of $1.5 million. There is a pro-forma opportunity to increase the monthly recurring rent to $22,408.00, potentially boosting the annual gross income to $268,896.00. This represents a growth opportunity of +57.8%. Additionally, there is potential for monthly parking income of +$720.00 from 16 available spots. The estimated pro-forma NOI could reach $185,000.00, based on standard expense ratios and lease-up of floors 3, 5, 6, and the Lower Level, resulting in a cap rate of 12.33% at $1.5 million, indicating value-add potential and yield expansion.
Location Intelligence
Current Use by Public Records
Harbin Law Office
Law Firm
Alan J. Nuta, ...
Law Firm
Lochbaum Susan M
Law Firm
Bodie Law Hagerstown
Law Firm
Behrmann Toby
Physician
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7219163
- Latitude
- 39.6432838
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FAQs
What type of property is this?
Office building - Historic landmark with modern performance and value-add potential.
Where is this office building located?
The property is located at 82 West Washington St Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Significant Pro-Forma NOI Increase: Potential to grow Annual Net Operating Income to $185,000.00.; - High Pro-Forma Cap Rate: Projected 12.33% Cap Rate at $1.5M valuation.; - Substantial Monthly Recurring Rent Growth: Opportunity to increase monthly rent by $8,205.
