Medical Office Suite with
New
For Sale
Contact for pricing
324 E ANTIETAM STREET E SUITE 101, Hagerstown, MD 21740
A multi-room layout includes private treatment areas, a waiting room, and access to shared community space.
Property Size1,800 SF
Price / SF$1.40
Days on Market6
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Property Features for 324 E ANTIETAM STREET E SUITE 101
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
community area
luncheon room
on-call maintenance
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Real Estate Innovations
(301) 745-1500
Listed By:
Amanda Catherine Mulieri · License #5020955
(301) 991-9685
Source:
Cummingsrealtors
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 14 at 11:33PM
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 Real Estate Innovations
Investment Insights
Based on property information with market context.
This medical office suite contains approximately 1,800 square feet arranged across 8 rooms, with a reception area, waiting room, and 3 bathrooms. Front and rear entrances serve the space, which also includes private treatment rooms. Building amenities include a shared community area and a luncheon room available for rental.
The building’s front doors are unlocked daily from 7 AM to 8 PM. Parking is available, and on-call maintenance is provided. Water, sewer, and trash are included; occupants are responsible for electricity, gas, and insurance. Other businesses in the building include a coffee shop and barbershop.
The building’s front doors are unlocked daily from 7 AM to 8 PM. Parking is available, and on-call maintenance is provided. Water, sewer, and trash are included; occupants are responsible for electricity, gas, and insurance. Other businesses in the building include a coffee shop and barbershop.
Key Highlights
- Approximately 1,800 square feet with 8 rooms
- Reception area, waiting room, and private treatment rooms
- 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,520
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,400
$430.4K
Cap Rate 7%
$307,429
$307.4K
Cap Rate 9%
$239,111
$239.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$44.3K $24.60/SF
− Vacancy
−$8.4K −$4.67/SF
EGI
$35.9K $19.93/SF
− OpEx
−$14.3K −$7.97/SF
NOI
$21.5K $11.96/SF
Area
Washington County, MD
Vacancy
19.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,400
Cap Rate 7%
$307,429
Cap Rate 9%
$239,111
Alternative Uses
Best Use
Office B
$308.9K
$270.3K – $360.4K
NOI $21,626 @ 7.0% cap · market cap 858.17%
Second Best
Healthcare Medical
$307.4K
$269.0K – $358.7K
NOI $21,520 @ 7.0% cap · market cap 853.97%
Theoretical Best
Office A
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 1,109.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Under-served
Demand for This Use
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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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A multi-room layout includes private treatment areas, a waiting room, and access to shared community space.
Where is this medical office space located?
The property is located at 324 E ANTIETAM STREET E SUITE 101 Hagerstown, MD.
What are key features of this property?
This property features: Approximately 1,800 square feet with 8 rooms; Reception area, waiting room, and private treatment rooms; 3 bathrooms
