Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on National Pike Title is generated by Realmo AI

    16512 National Pike, Hagerstown, MD 21740

    View on Map
    Claim this Listing
    For Sale
    $750,000

    Over 2 acres with high visibility and strategic accessibility.

    Type:Land or Vacant Lot
    Lot size:
    2.11 Acres
    Added:
    Mar 16, 2025
    Days on Market:
    447
    Last Refresh:
    May 11 at 12:45 am

    Property Features for 16512 National Pike

    General Information

    Standard status
    Active
    Lot size
    2.11 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DEAN L MARTIN

    Listing agent DEAN L MARTIN

    Listing office LONG & FOSTER REAL ESTATE, INC.

    Listing date Mar 16, 2025

    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 LONG & FOSTER REAL ESTATE, INC.

    HighLights

    • Prime Commercial Location on National Pike (RT 40) at a high‑traffic intersection with Huyet Lane.
    • Large Corner Lot: Over 2 acres of space with high visibility.
    • Zoning: BG (Business General) zoning allows flexibility for different business types.
    • Proximity to Major Highways: Informing that it is 1.8 miles to I‑70 and 2.8 miles to I‑81.
    • Utilities: Public water and sewer hookup available, and on‑site electric.
    • Close to Sheetz: Just 2/10th of a mile from Sheetz, a popular convenience store.

    Overview

    This commercial property is located on National Pike (RT 40) and features a large corner lot with over 2 acres of space. The property has high visibility and is zoned BG (Business General), allowing flexibility for different business types. Public water and sewer hookup are available, and on-site electric is present. The property is located 2/10th of a mile from Sheetz. It is situated at the intersection of National Pike (RT 40) and Huyet Lane, ensuring heavy foot and vehicle traffic. The location provides proximity to major highways, being only 1.8 miles to Interstate I-70 and 2.8 miles from I-81. Nearby shopping and amenities include the Garland Groh Blvd Shopping Complex, 2.5 miles away, and the Valley Mall Complex, approximately 6 miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Run Donuts Bakery Summit 5 Star ... Production Facility

    Suggested Use

    Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Discount Store Bakery Wine and Liquor Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7987
    Latitude
    39.6521

    Nearby Similar for Sale

    • $384,900
      2,904 SF

      Hagerstown Triplex: Investment Opportunity

      Fully occupied triplex across from Hagerstown City Park.
      428 VIRGINIA Avenue, HAGERSTOWN, MD 21740
      View Details
    • $625,000
      6,568 SF

      HAGERSTOWN Multifamily Investment Opportunity

      Fully rented five-unit property near City Park in HAGERSTOWN, MD.
      601 HIGHLAND Way, HAGERSTOWN, MD 21740
      View Details
    • $2,890,000
      9,859 SF

      Turnkey Multifamily Investment Opportunity

      Fully occupied, renovated 17-unit multifamily property in Hagerstown, MD.
      15149 BLOYERS Avenue, HAGERSTOWN, MD 21740
      View Details
    • $250,000

      Downtown Hagerstown Commercial Opportunity

      Versatile commercial space near downtown Hagerstown with flexible layout.
      35 E WASHINGTON ST, HAGERSTOWN, MD 21740
      View Details
    • $389,900
      5,580 SF

      HAGERSTOWN Multifamily Investment Opportunity

      Four-unit residential property with potential for two additional units.
      601-603 N MULBERRY Street, HAGERSTOWN, MD 21740
      View Details
    • $2,490,000
      34,720 SF

      HAGERSTOWN Redevelopment Opportunity

      Downtown commercial building with adaptive reuse potential in Hagerstown, MD.
      72 W WASHINGTON Street, HAGERSTOWN, MD 21740
      View Details
    • $649,000
      4,811 SF

      HAGERSTOWN Multi-Unit Investment Opportunity

      Five-unit apartment building overlooking the new Meritus Baseball Park.
      165 SUMMIT Avenue, HAGERSTOWN, MD 21740
      View Details
    • $574,900
      4,666 SF

      HAGERSTOWN Multifamily Investment Opportunity

      Five-unit property near Hagerstown City Park, fully rented.
      671 HIGHLAND Way, HAGERSTOWN, MD 21740
      View Details
    • $450,000

      HAGERSTOWN, MD Office Building

      Spacious 2-story medical/professional office building for sale.
      645 E 1ST Street, HAGERSTOWN, MD 21740
      View Details
    • $284,900
      1,724 SF

      Hagerstown Duplex with Rental Income

      Fully rented duplex with income and upside potential.
      904 - 906 CHESTNUT Street, HAGERSTOWN, MD 21740
      View Details
    • $450,000
      1,626 SF

      Colonial Duplex in Hagerstown, MD

      Charming, well-maintained Colonial duplex in a convenient Hagerstown location.
      838 HAMILTON Boulevard, HAGERSTOWN, MD 21742
      View Details
    • $279,000
      1,998 SF

      Three-Unit Residential Income Property

      Fully occupied three-unit building with simple 1-bedroom layout and current rental licensing documentation.
      106 RANDOLPH Avenue, HAGERSTOWN, MD 21740
      View Details

    FAQs

    What type of property is this?
    Commercial land - Over 2 acres with high visibility and strategic accessibility.
    Where is this commercial land located?
    The property is located at 16512 National Pike Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime Commercial Location on National Pike (RT 40) at a high‑traffic intersection with Huyet Lane.; Large Corner Lot: Over 2 acres of space with high visibility.; Zoning: BG (Business General) zoning allows flexibility for different business types.
    (301) 797-2300
    We can help!
    Listing Contact
    DEAN L MARTIN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16512 National Pike, HAGERSTOWN, MD 21740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!