Elevator-Served Office
For Sale
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44 N POTOMAC STREET SUITE 204, Hagerstown, MD 21740
The second-floor layout pairs a primary work area with two additional rooms.
Property Size495 SF
Price / SF$1.25
Days on Market15
Property Features for 44 N POTOMAC STREET SUITE 204
General Information
Standard status
Active
Size
495 SF
Net Rentable
495 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 8:44AM
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 204 provides 495 rentable SF on the second floor of 44 N Potomac Street. Its layout includes a main office area and two additional rooms, with elevator access to the suite. The building dates to 1960 and is located in downtown Hagerstown, Maryland.
Key Highlights
- 495 rentable SF in Suite 204
- Main office area plus two additional rooms
- Second‑floor suite with elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,940
$118.9K
Cap Rate 7%
$84,957
$85.0K
Cap Rate 9%
$66,078
$66.1K
Market Conditions
NOI Build-Up for 495 SF
Gross rent
$9.7K $19.68/SF
− Vacancy
−$1.8K −$3.66/SF
EGI
$7.9K $16.02/SF
− OpEx
−$2.0K −$4.00/SF
NOI
$5.9K $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%
$118,940
Cap Rate 7%
$84,957
Cap Rate 9%
$66,078
Alternative Uses
Best Use
Office B
$85.0K
$74.3K – $99.1K
NOI $5,947 @ 7.0% cap · market cap 962.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$109.8K
$96.1K – $128.1K
NOI $7,686 @ 7.0% cap · market cap 1,243.69%
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 - The second-floor layout pairs a primary work area with two additional rooms.
Where is this office unit located?
The property is located at 44 N POTOMAC STREET SUITE 204 Hagerstown, MD.
What are key features of this property?
This property features: 495 rentable SF in Suite 204; Main office area plus two additional rooms; Second‑floor suite with elevator access
