End Unit Office
366 Mill St Hagerstown, MD 21740
New
366 Mill St, Hagerstown, MD, 21740
$360,000
For Sale
$360,000
Move-in ready end unit office condo with seven private offices, reception, flexible workspace, and dedicated rear parking.
Property Size1,440 SF
Price / SF$250
Days on Market2
Property Features for 366 Mill St
General Information
- Standard status
- Active
- Size
- 1,440 SF
Building Details
- Year Built
- 1980
Listing agency
eXp Realty LLC
(301) 991-7621
Listed by
Sandy K Snyder
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 12:59PM Checked: Jul 22 at 12:59PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This 1,440-square-foot commercial condo is an end unit designed for professional or service-based use. The space includes seven private offices, a reception area, and flexible workspace, and it is described as well-maintained and move-in ready.
The property is located in C-2 zoning and features dedicated rear parking for owner or staff, with front access intended for client convenience. Public remarks also note visibility and easy access to major routes.
The layout supports a mix of private office space and open flexibility, with client-facing reception and a straightforward circulation plan from the front entry.
The property is located in C-2 zoning and features dedicated rear parking for owner or staff, with front access intended for client convenience. Public remarks also note visibility and easy access to major routes.
The layout supports a mix of private office space and open flexibility, with client-facing reception and a straightforward circulation plan from the front entry.
Key Highlights
- 1,440 SF commercial condo end unit in C‑2 zoning (built in 1980)
- Includes seven private offices plus a reception area
- Flexible workspace for professional or service‑based use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $19.68 |
| − Vacancy | −$5.3k | −$3.66 |
| EGI | $23.1k | $16.02 |
| − OpEx | −$5.8k | −$4.00 |
| NOI | $17.3k | $12.01 |
1,440 SF · lease $19.68/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.4K
$279.5K – $372.7K
NOI $22,360 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
C M. Parker, ...
Physician
Ideal Body Weight ...
Weight Loss Service
Integrative Medicine Center, ...
Medical Clinic
Janet Smith
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Move-in ready end unit office condo with seven private offices, reception, flexible workspace, and dedicated rear parking.
Where is this office units located?
The property is located at 366 Mill St Hagerstown, MD.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,440 SF commercial condo end unit in C‑2 zoning (built in 1980); Includes seven private offices plus a reception area; Flexible workspace for professional or service‑based use
