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44 N POTOMAC STREET SUITE 101, Hagerstown, MD 21740

A first-floor plan combines reception space with several private offices for business use.

Property Size2,500 SF
Price / SF$1.25
Days on Market5

Property Features for 44 N POTOMAC STREET SUITE 101

General Information

Standard status Active
Size 2,500 SF
Net Rentable 2,500 SF
Property subtype Commercial

Additional Details

Floor First Floor

Building Details

Year Built 1960
Listing Agency: RG Realty, Inc.
Listed By: Krystal Stewart · License #679847
Source: Cummingsrealtors
Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:13PM

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.

At 44 N Potomac Street, Suite 101 is a 2,500 rentable SF office unit on the first floor. Its interior includes a reception area and multiple private offices, with windows facing the street. The building dates to 1960.

The suite is in downtown Hagerstown, Maryland. The layout includes dedicated areas for welcoming visitors and conducting work in separate offices.

Key Highlights

  • 2,500 rentable SF office suite on the first floor
  • Reception area and multiple private offices
  • Front‑facing windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$30,037
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,740 $600.7K
Cap Rate 7%
$429,100 $429.1K
Cap Rate 9%
$333,744 $333.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$49.2K $19.68/SF
− Vacancy
−$9.2K −$3.66/SF
EGI
$40.0K $16.02/SF
− OpEx
−$10.0K −$4.00/SF
NOI
$30.0K $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%
$600,740
Cap Rate 7%
$429,100
Cap Rate 9%
$333,744

Alternative Uses

Best Use
Office B
$429.1K
$375.5K – $500.6K (±1% cap)
NOI $30,037 @ 7.0% cap · market cap 961.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$554.6K
$485.2K – $647.0K (±1% cap)
NOI $38,819 @ 7.0% cap · market cap 1,242.21%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Strite & Schildt Law Firm Consumer Protection Division Law Firm Washington County Playhouse ... Theater & Performing Art Venue Juvenile Service: Washington ... Juvenile Detention Center Strong Families Strong ... Psychotherapist

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Pet Store Tanning Salon Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,075
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A first-floor plan combines reception space with several private offices for business use.
Where is this office unit located?
The property is located at 44 N POTOMAC STREET SUITE 101 Hagerstown, MD.
What are key features of this property?
This property features: 2,500 rentable SF office suite on the first floor; Reception area and multiple private offices; Front‑facing windows
More about this property
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