End Unit Office
For Sale
$340,000
366 Mill St, Hagerstown, MD 21740
Move-in ready end unit office condo with seven private offices, reception, flexible workspace, and dedicated rear parking.
Property Size1,440 SF
Price / SF$236.11
Days on Market316
Property Features for 366 Mill St
General Information
Standard status
Active
Size
1,440 SF
Zoning
C-2
Additional Details
Office Units
7
Taxes and HOA fees
Annual Taxes
$4,031
Listing Agency:
eXp Realty LLC
(888) 860-7369
Listed By:
Sandy K Snyder
(301) 991-7621
Source:
Exprealty
Added: Nov 23, 2025
Changed: Sep 4
Last Checked: Oct 4 at 5:16PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,301
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,020
$346.0K
Cap Rate 7%
$247,157
$247.2K
Cap Rate 9%
$192,233
$192.2K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.3K $19.68/SF
− Vacancy
−$5.3K −$3.66/SF
EGI
$23.1K $16.02/SF
− OpEx
−$5.8K −$4.00/SF
NOI
$17.3K $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%
$346,020
Cap Rate 7%
$247,157
Cap Rate 9%
$192,233
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.4K
$279.5K – $372.7K
NOI $22,360 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
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
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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?
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 $340,000.
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
