First-Floor Office
For Sale
$425,000
19638 Leitersburg Pike Suite 102, Hagerstown, MD 21742
Move-in-ready professional space offers convenient client access and immediate availability.
Property Size1,222 SF
Price / SF$302.49
Days on Market106
Property Features for 19638 Leitersburg Pike Suite 102
General Information
Standard status
Active
Size
1,222 SF
Class
B
Property subtype
Office - General Office
Additional Details
Floor
1
Highway Access
Yes
Building Details
Building Size
1,222 SF
Year Renovated
2025
Listing Agency:
Hyatt Commercial
(410) 266-8800
Listed By:
Treva Ghattas · License #MD5006361
Source:
Commercialcafe
Added: May 18
Changed: Aug 29
Last Checked: Aug 30 at 1:34PM
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 Hyatt Commercial
Investment Insights
Based on property information with market context.
This 1,405-square-foot office unit is located on the first floor at 19638 Leitersburg Pike, Suite 102. The professional suite is presented in move-in-ready condition and is available immediately, allowing an occupant to begin operations without renovation work. The layout is identified as suitable for insurance, medical, or small-firm use.
The property provides access to the I-81 and I-70 interchange, with the interchange only minutes away. Its location supports travel from Frederick, Maryland; Chambersburg, Pennsylvania; and Martinsburg, West Virginia, giving staff and clients a broad regional access point.
The property provides access to the I-81 and I-70 interchange, with the interchange only minutes away. Its location supports travel from Frederick, Maryland; Chambersburg, Pennsylvania; and Martinsburg, West Virginia, giving staff and clients a broad regional access point.
Key Highlights
- 1,405‑square‑foot professional office suite
- First‑floor placement for convenient client access
- Move‑in‑ready condition with immediate availability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,620
$337.6K
Cap Rate 7%
$241,157
$241.2K
Cap Rate 9%
$187,567
$187.6K
Market Conditions
NOI Build-Up for 1,405 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.7K $19.68/SF
− Vacancy
−$5.1K −$3.66/SF
EGI
$22.5K $16.02/SF
− OpEx
−$5.6K −$4.00/SF
NOI
$16.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,620
Cap Rate 7%
$241,157
Cap Rate 9%
$187,567
Alternative Uses
Best Use
Office B
$241.2K
$211.0K – $281.4K
NOI $16,881 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.7K
$272.7K – $363.6K
NOI $21,816 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 21742, MD
33,069
Population
14,099
Households
2.3
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
46.5 sq mi
ZIP Area
711
Density / Sq Mi
$80,533
Median Household Income
$45,717
Median Earnings
$1,267
Median Rent
$280,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready professional space offers convenient client access and immediate availability.
Where is this office units located?
The property is located at 19638 Leitersburg Pike Suite 102 Hagerstown, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,405‑square‑foot professional office suite; First‑floor placement for convenient client access; Move‑in‑ready condition with immediate availability
