Six-Office Commercial
19741 LEITERSBURG PIKE SUITE B, Hagerstown, MD 21742
For Sale
Contact for pricing
A reception area, two restrooms, and a kitchenette/lounge support day-to-day office operations.
Property Size6,315 SF
Price / SF$0.00
Days on Market9
Property Features for 19741 LEITERSBURG PIKE SUITE B
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
lobby space
reception window
2 restrooms
kitchenette/lounge room
6 separate offices
Building Details
Year Built
Listing Agency:
Mackintosh , Inc.
(301) 790-1700
Listed By:
Jason L Hose · License MD #535549
(301) 491-2625
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 8:23AM
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 Mackintosh , Inc.
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Investment Insights
Based on property information with market context.
This office suite includes a lobby with a reception window, a separate office area, two restrooms, and a kitchenette/lounge room. The current layout also has six individual offices, with one space that can be divided to create additional offices. The property was built in 1966.
Located at 19741 Leitersburg Pike, Suite B, in Hagerstown, Maryland, the suite offers approximately 2,000 square feet for office use.
Located at 19741 Leitersburg Pike, Suite B, in Hagerstown, Maryland, the suite offers approximately 2,000 square feet for office use.
Key Highlights
- Approximately 2,000 square feet of office space
- Six existing private offices; one may be divided further
- Lobby with reception window and separate office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,872
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,440
$1.5M
Cap Rate 7%
$1,083,886
$1.1M
Cap Rate 9%
$843,022
$843.0K
Market Conditions
NOI Build-Up for 6,315 SF
Gross rent
$124.3K $19.68/SF
− Vacancy
−$23.1K −$3.66/SF
EGI
$101.2K $16.02/SF
− OpEx
−$25.3K −$4.00/SF
NOI
$75.9K $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 Rate 5%
$1,517,440
Cap Rate 7%
$1,083,886
Cap Rate 9%
$843,022
Alternative Uses
Best Use
Office B
$1.08M
$948.4K – $1.26M
NOI $75,872 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,056 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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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
$280,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Hagerstown, MD
Properties on Market for Office Units in Hagerstown
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, two restrooms, and a kitchenette/lounge support day-to-day office operations.
Where is this office unit located?
The property is located at 19741 LEITERSBURG PIKE SUITE B Hagerstown, MD.
What are key features of this property?
This property features: Approximately 2,000 square feet of office space; Six existing private offices; one may be divided further; Lobby with reception window and separate office area
