Two-Unit Medical
330-332 MILL STREET, Hagerstown, MD 21740
For Sale
New
$440,000
One unit is leased, and the second may be occupied or leased separately.
Property Size2,880 SF
Price / SF$152.78
Days on Market3
Property Features for 330-332 MILL STREET
General Information
Standard status
Size
Total Parking Spaces
Zoning
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Accessible Doors, Accessible Hallway(s)
Central Air, Electric
Electric, Heat Pump
Electric Water Heater
Parking Lot
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Joshua L Woods · License #625976
(240) 469-8172
Source:
Evrealestate
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 8:34AM
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 Berkshire Hathaway HomeServices Homesale Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this medical office property at 330-332 Mill Street contains two commercial units. The unit at 332 Mill Street is leased, while the other unit can be used by an owner-occupant or leased to a separate business.
Key Highlights
- Two commercial units at 330‑332 Mill Street
- Built in 2005
- 332 Mill Street unit is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,602
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,040
$692.0K
Cap Rate 7%
$494,314
$494.3K
Cap Rate 9%
$384,467
$384.5K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$56.7K $19.68/SF
− Vacancy
−$10.5K −$3.66/SF
EGI
$46.1K $16.02/SF
− OpEx
−$11.5K −$4.00/SF
NOI
$34.6K $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%
$692,040
Cap Rate 7%
$494,314
Cap Rate 9%
$384,467
Alternative Uses
Best Use
Office B
$494.3K
$432.5K – $576.7K
NOI $34,602 @ 7.0% cap · market cap 7.86%
Second Best
Healthcare Medical
$491.9K
$430.4K – $573.9K
NOI $34,432 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$638.8K
$559.0K – $745.3K
NOI $44,719 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- PARK CIRCLE & ANIMAL HOSPITAL — Pope Ave, Hagerstown, MD 21740
- Park Circle Animal Hospital — 362 Virginia Ave, Hagerstown, MD 21740
- Park Circle Animal Hospital: Byers Benjamin DVM — 362 Virginia Ave, Hagerstown, MD 21740
Frequently Asked Questions
What type of property is this?
Medical Office Space - One unit is leased, and the second may be occupied or leased separately.
Where is this medical office space located?
The property is located at 330-332 MILL STREET Hagerstown, MD.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two commercial units at 330‑332 Mill Street; Built in 2005; 332 Mill Street unit is currently leased
