Medical Office
330 MILL STREET, Hagerstown, MD 21740
For Sale
New
Contact for pricing
Reception, exam rooms, a break area, and office space support a medical or professional practice.
Property Size1,440 SF
Price / SF$1.94
Days on Market4
Property Features for 330 MILL STREET
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Joshua L Woods · License #625976
(240) 469-8172
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:20PM
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
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Investment Insights
Based on property information with market context.
Built in 2005, this 1,440-square-foot medical office suite has a reception area, multiple exam rooms, a kitchen and break area, and additional office space. Its configuration brings patient-facing and staff areas together within one professional setting.
Key Highlights
- 1,440 square feet of medical office space
- Multiple exam rooms
- Reception area and additional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,216
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,320
$344.3K
Cap Rate 7%
$245,943
$245.9K
Cap Rate 9%
$191,289
$191.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$35.4K $24.60/SF
− Vacancy
−$6.7K −$4.67/SF
EGI
$28.7K $19.93/SF
− OpEx
−$11.5K −$7.97/SF
NOI
$17.2K $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%
$344,320
Cap Rate 7%
$245,943
Cap Rate 9%
$191,289
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 617.89%
Second Best
Healthcare Medical
$245.9K
$215.2K – $286.9K
NOI $17,216 @ 7.0% cap · market cap 614.86%
Theoretical Best
Office A
$319.4K
$279.5K – $372.7K
NOI $22,360 @ 7.0% cap · market cap 798.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Balanced
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, exam rooms, a break area, and office space support a medical or professional practice.
Where is this medical office space located?
The property is located at 330 MILL STREET Hagerstown, MD.
What are key features of this property?
This property features: 1,440 square feet of medical office space; Multiple exam rooms; Reception area and additional office space
