Large-Scale Manufacturing
857 WILLOW CIRCLE, Hagerstown, MD 21740
For Sale
Contact for pricing
Flexible industrial space combines manufacturing, distribution, receiving, dock access, and sprinkler protection.
Property Size265,515 SF
Price / SF$0.00
Days on Market108
Property Features for 857 WILLOW CIRCLE
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Sprinkler System
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Taylor Bowen · License MD #630025
(301) 745-1623
Source:
Cummingsrealtors
Added: Jul 30
Changed: Nov 12
Last Checked: Nov 12 at 7:50AM
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 Berkshire Hathaway HomeServices Homesale Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 265,515-square-foot industrial facility, completed in 1962, supports both manufacturing and distribution operations. The property includes dedicated receiving space, multiple dock doors, a fully wet sprinkler system, and an additional outbuilding. Interior demising can be tailored to individual requirements, with configurations considered case by case.
The facility is positioned for regional connectivity with access to I-70 and I-81. Its combination of production, distribution, receiving, and supplemental building space provides a broad operational layout within a single industrial property.
The facility is positioned for regional connectivity with access to I-70 and I-81. Its combination of production, distribution, receiving, and supplemental building space provides a broad operational layout within a single industrial property.
Key Highlights
- 265,515 SF industrial manufacturing and distribution facility
- Multiple dock doors distributed throughout the property
- Dedicated receiving area plus an additional outbuilding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,507,143
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,142,860
$30.1M
Cap Rate 7%
$21,530,614
$21.5M
Cap Rate 9%
$16,746,033
$16.7M
Market Conditions
NOI Build-Up for 265,515 SF
Gross rent
$2.39M $9.00/SF
− Vacancy
−$236.6K −$0.89/SF
EGI
$2.15M $8.11/SF
− OpEx
−$645.9K −$2.43/SF
NOI
$1.51M $5.68/SF
Area
Washington County, MD
Vacancy
9.90%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,142,860
Cap Rate 7%
$21,530,614
Cap Rate 9%
$16,746,033
Alternative Uses
Best Use
Warehouse
$26.14M
$22.88M – $30.50M
NOI $1,830,102 @ 7.0% cap
Second Best
Industrial
$21.53M
$18.84M – $25.12M
NOI $1,507,143 @ 7.0% cap
Theoretical Best
Office A
$58.90M
$51.53M – $68.71M
NOI $4,122,789 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
301
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Flexible industrial space combines manufacturing, distribution, receiving, dock access, and sprinkler protection.
Where is this manufacturing property located?
The property is located at 857 WILLOW CIRCLE Hagerstown, MD.
What are key features of this property?
This property features: 265,515 SF industrial manufacturing and distribution facility; Multiple dock doors distributed throughout the property; Dedicated receiving area plus an additional outbuilding
