Open-Layout Office
For Sale
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44 N POTOMAC STREET SUITE 203, Hagerstown, MD 21740
Elevator service reaches this second-floor workspace in downtown Hagerstown.
Property Size638 SF
Price / SF$1.25
Days on Market15
Property Features for 44 N POTOMAC STREET SUITE 203
General Information
Standard status
Active
Size
638 SF
Net Rentable
638 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 7:57AM
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 203 provides 638 rentable square feet on the second floor at 44 N Potomac Street in downtown Hagerstown. The interior is largely open, allowing for desk or workstation arrangements. Elevator access serves the suite, and the building dates to 1960.
Key Highlights
- 638 rentable SF in Suite 203
- Second‑floor office suite with elevator access
- Located at 44 N Potomac Street in downtown Hagerstown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,300
$153.3K
Cap Rate 7%
$109,500
$109.5K
Cap Rate 9%
$85,167
$85.2K
Market Conditions
NOI Build-Up for 638 SF
Gross rent
$12.6K $19.68/SF
− Vacancy
−$2.3K −$3.66/SF
EGI
$10.2K $16.02/SF
− OpEx
−$2.6K −$4.00/SF
NOI
$7.7K $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%
$153,300
Cap Rate 7%
$109,500
Cap Rate 9%
$85,167
Alternative Uses
Best Use
Office B
$109.5K
$95.8K – $127.8K
NOI $7,665 @ 7.0% cap · market cap 961.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$141.5K
$123.8K – $165.1K
NOI $9,907 @ 7.0% cap · market cap 1,243.04%
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 service reaches this second-floor workspace in downtown Hagerstown.
Where is this office unit located?
The property is located at 44 N POTOMAC STREET SUITE 203 Hagerstown, MD.
What are key features of this property?
This property features: 638 rentable SF in Suite 203; Second‑floor office suite with elevator access; Located at 44 N Potomac Street in downtown Hagerstown
