Built-Out Office
For Sale
Contact for pricing
17339 VIRGINIA AVENUE, Hagerstown, MD 21740
Built-out office suite with private entrance, reception area, kitchen, bath, and three offices, plus gas heat and CAC.
Property Size1,680 SF
Price / SF$1.16
Days on Market102
Property Features for 17339 VIRGINIA AVENUE
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
The Glocker Group Realty Results
(301) 745-4400
Listed By:
Edwin R Jefferson V · License #535357
(301) 991-9473
Source:
Cummingsrealtors
Added: Jul 9
Changed: Oct 16
Last Checked: Oct 16 at 8:48AM
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 The Glocker Group Realty Results
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Investment Insights
Based on property information with market context.
This built-out office suite offers a private entrance and a functional interior layout with a large reception area and waiting room, a full kitchen, a full bath, and three offices. The space is configured for immediate occupancy and has gas heat and CAC.
The property is located on Virginia Avenue in Hagerstown, in a very busy area with one of the highest traffic counts in the area, supporting strong day-to-day visibility for office use.
The suite’s existing build-out is well suited for organizations needing dedicated office rooms alongside a staffed reception and waiting area.
The property is located on Virginia Avenue in Hagerstown, in a very busy area with one of the highest traffic counts in the area, supporting strong day-to-day visibility for office use.
The suite’s existing build-out is well suited for organizations needing dedicated office rooms alongside a staffed reception and waiting area.
Key Highlights
- 1680 sq. ft. built‑out office space ready for occupancy
- Private entrance with large reception area and waiting room
- Includes full kitchen, full bath, and 3 offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,700
$403.7K
Cap Rate 7%
$288,357
$288.4K
Cap Rate 9%
$224,278
$224.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.1K $19.68/SF
− Vacancy
−$6.1K −$3.66/SF
EGI
$26.9K $16.02/SF
− OpEx
−$6.7K −$4.00/SF
NOI
$20.2K $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%
$403,700
Cap Rate 7%
$288,357
Cap Rate 9%
$224,278
Alternative Uses
Best Use
Office B
$288.4K
$252.3K – $336.4K
NOI $20,185 @ 7.0% cap · market cap 1,035.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.7K
$326.1K – $434.8K
NOI $26,086 @ 7.0% cap · market cap 1,337.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Built-out office suite with private entrance, reception area, kitchen, bath, and three offices, plus gas heat and CAC.
Where is this office units located?
The property is located at 17339 VIRGINIA AVENUE Hagerstown, MD.
What are key features of this property?
This property features: 1680 sq. ft. built‑out office space ready for occupancy; Private entrance with large reception area and waiting room; Includes full kitchen, full bath, and 3 offices
