Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Space Under New Management Title is generated by Realmo AI

    22 N Mulberry St, Hagerstown, MD 21740

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial space available for rent with flexible terms and rates.

    Type:Office, Special Purpose
    Added:
    Mar 4, 2026
    Days on Market:
    72
    Last Refresh:
    Mar 16 at 11:02 am

    Property Features for 22 N Mulberry St

    General Information

    Standard status
    Active
    Property subtype
    Office, Special Purpose

    Spaces For Lease

    at 22 N Mulberry St Contact us

    We can help!

    Listing Contact
    Mike Deming

    Listing agent Mike Deming License #MD 667079

    Listing office AEK Real Estate LLC

    Listing date Mar 4, 2026

    Source Crexi

    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 AEK Real Estate LLC

    HighLights

    • Under new management
    • Enjoy the convenience of private parking
    • Benefit from access control
    • Flexible terms available
    • Flexible rates to suit your needs

    Overview

    Under new management, this commercial space is available for rent. The property features private parking and access control. Flexible lease terms and rates are offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hagerstown Children's School High School Vocal Ink Production Recording Studio Brand Factory Inc. ... Advertising Agency GMG Home Healthcare ... Home Health Care Service Hagerstown Hopes Charitable Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7155919
    Latitude
    39.6403348

    Nearby Similar for Lease

    • $1,328/Mo

      Downtown Hagerstown Office Suite

      Versatile office suite in downtown Hagerstown with elevator access.
      44 N POTOMAC Street, HAGERSTOWN, MD 21740
      View Details
    • $701/Mo

      Downtown Hagerstown Second-Floor Office Suite

      494.87 sq ft office suite in downtown Hagerstown.
      44 N POTOMAC Street, HAGERSTOWN, MD 21740
      View Details
    • $10,554/Mo
      7,450 SF

      HAGERSTOWN Office or Medical Space

      Prime office/medical space in downtown Hagerstown with private parking.
      100 W FRANKLIN Street W, HAGERSTOWN, MD 21740
      View Details
    • $904/Mo

      Downtown Hagerstown Office Suite

      Second-floor office suite in downtown Hagerstown, MD.
      44 N POTOMAC Street, HAGERSTOWN, MD 21740
      View Details
    • $3,542/Mo

      Downtown Hagerstown Office Space

      2,500 sq ft office space in downtown Hagerstown.
      44 N POTOMAC Street, HAGERSTOWN, MD 21740
      View Details
    • $4,000/Mo

      Downtown Hagerstown Retail Space

      Retail space in downtown Hagerstown, ideal for many uses.
      11-13 POTOMAC Street N, HAGERSTOWN, MD 21740
      View Details
    • $800/Mo

      HAGERSTOWN Commercial Space For Lease

      Three-level commercial space in HAGERSTOWN, MD, with high traffic.
      2 W WASHINGTON Street, HAGERSTOWN, MD 21740
      View Details
    • $1,025/Mo

      Downtown Hagerstown Commercial Space Available

      Versatile commercial space for rent in downtown Hagerstown, Maryland.
      201 E WASHINGTON Street, HAGERSTOWN, MD 21740
      View Details
    • $21 SF/Yr

      HAGERSTOWN, MD - Office Space

      New construction office space suitable for medical or professional use.
      13316 MARSH Pike, HAGERSTOWN, MD 21742
      View Details
    • Contact for pricing
      3,000 SF

      Hagerstown Flex Space with Warehouse

      3000 sq ft flex space with storage building.
      960 KUHN Ave, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      6,000 SF

      Downtown Hagerstown Flex Space

      Spacious commercial property in downtown Hagerstown with office and warehouse space.
      132 E WASHINGTON St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      2,900 SF

      Hagerstown Commercial Flex Space

      Versatile commercial space in a prime Hagerstown location.
      39C N MULBERRY ST, Hagerstown, MD 21740
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space available for rent with flexible terms and rates.
    Where is this specialty property located?
    The property is located at 22 N Mulberry St Hagerstown, MD.
    What are key features of this property?
    This property features: Under new management; Enjoy the convenience of private parking; Benefit from access control
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Deming
    Real Estate License ID: MD 667079
    Learn More
    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
    22 N Mulberry St, 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!