Multi-Room Office
For Sale
Contact for pricing
44 N POTOMAC STREET SUITE 200, Hagerstown, MD 21740
Elevator access serves this second-floor workspace in downtown Hagerstown.
Property Size938 SF
Price / SF$1.25
Days on Market15
Property Features for 44 N POTOMAC STREET SUITE 200
General Information
Standard status
Active
Size
938 SF
Net Rentable
938 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
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 29
Last Checked: Oct 28 at 8:26AM
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.
Suite 200 at 44 N Potomac Street offers 938 rentable square feet on the building’s second floor. Its layout comprises four rooms arranged around a central area, with elevator access to the suite.
The property is in downtown Hagerstown. The building was constructed in 1960.
The property is in downtown Hagerstown. The building was constructed in 1960.
Key Highlights
- 938 rentable SF
- Four‑room layout with a central area
- Second‑floor suite with elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,270
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,400
$225.4K
Cap Rate 7%
$161,000
$161.0K
Cap Rate 9%
$125,222
$125.2K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$18.5K $19.68/SF
− Vacancy
−$3.4K −$3.66/SF
EGI
$15.0K $16.02/SF
− OpEx
−$3.8K −$4.00/SF
NOI
$11.3K $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%
$225,400
Cap Rate 7%
$161,000
Cap Rate 9%
$125,222
Alternative Uses
Best Use
Office B
$161.0K
$140.9K – $187.8K
NOI $11,270 @ 7.0% cap · market cap 961.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.1K
$182.1K – $242.8K
NOI $14,565 @ 7.0% cap · market cap 1,242.75%
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
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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
Frequently Asked Questions
What type of property is this?
Office unit - Elevator access serves this second-floor workspace in downtown Hagerstown.
Where is this office unit located?
The property is located at 44 N POTOMAC STREET SUITE 200 Hagerstown, MD.
What are key features of this property?
This property features: 938 rentable SF; Four‑room layout with a central area; Second‑floor suite with elevator access
