First-Floor Office
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For Sale
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44 N POTOMAC STREET SUITE 102, Hagerstown, MD 21740
A reception area, private offices and street-facing windows shape the workspace.
Property Size1,950 SF
Price / SF$1.25
Days on Market6
Property Features for 44 N POTOMAC STREET SUITE 102
General Information
Standard status
Active
Size
1,950 SF
Net Rentable
1,950 SF
Property subtype
Commercial
Additional Details
Floor
1
Building Details
Year Built
1960
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Krystal Stewart · License #679847
(813) 323-0463
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:28PM
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 RG Realty, Inc.
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Investment Insights
Based on property information with market context.
Located at 44 N Potomac Street in downtown Hagerstown, Suite 102 provides 1,950 rentable square feet of first-floor office space. The interior includes a reception area and multiple private offices, while large windows face the street and admit natural light. The building was constructed in 1960.
Key Highlights
- 1,950 rentable SF of first‑floor office space
- Reception area and multiple private offices
- Large front‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,580
$468.6K
Cap Rate 7%
$334,700
$334.7K
Cap Rate 9%
$260,322
$260.3K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$38.4K $19.68/SF
− Vacancy
−$7.1K −$3.66/SF
EGI
$31.2K $16.02/SF
− OpEx
−$7.8K −$4.00/SF
NOI
$23.4K $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%
$468,580
Cap Rate 7%
$334,700
Cap Rate 9%
$260,322
Alternative Uses
Best Use
Office B
$334.7K
$292.9K – $390.5K
NOI $23,429 @ 7.0% cap · market cap 961.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 1,242.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,075
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
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, private offices and street-facing windows shape the workspace.
Where is this office unit located?
The property is located at 44 N POTOMAC STREET SUITE 102 Hagerstown, MD.
What are key features of this property?
This property features: 1,950 rentable SF of first‑floor office space; Reception area and multiple private offices; Large front‑facing windows
