Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10433 Sharpsburg Pike Hagerstown, MD 21740
    Back to Search
    Property profile & analytics

    10433 Sharpsburg Pike Hagerstown, MD 21740

    View on Map
    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 10433 Sharpsburg Pike

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    The Shops at Sharpsburg Pike offers exceptional retail opportunities in a thriving Washington County location. This multi-tenant shopping center boasts immediate adjacency to the Hagerstown Gateway Center and Hagerstown Premium Outlets, ensuring high visibility and foot traffic. Currently, three spaces are available, ranging from 2,500 to 8,000 square feet, providing flexibility for various retail concepts. Future tenants include established brands like Adli, Taco Bell, Dunkin' Donuts, and Patriot Credit Union, further enhancing the center's appeal and drawing a strong customer base. Development opportunities abound, with approved pads for a 98-room hotel and additional inline spaces measuring 6,750 and 22,000 square feet. A particularly attractive option is a 2,500-square-foot pad with a drive-thru, ideally suited for a restaurant. The center benefits from a substantial market reach, with 2.3 million people residing within a 50-mile radius. This strategic location and the diverse range of available spaces present a compelling investment opportunity for businesses seeking high visibility and strong potential for growth within a well-established retail environment. The existing tenant mix and planned development promise a vibrant and successful future for this shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7292
    Latitude
    39.601

    Comparable in this City

    • Value Estimation by Request
      118,055 SF

      91 Eastern Blvd

      Lifestyle centers • 118,055 SF
      91 Eastern Blvd, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      113,323 SF

      18053 Garland Groh Blvd

      Lifestyle centers • 113,323 SF
      18053 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      11,772 SF

      1 Oak Ridge Dr

      Shopping malls • 11,772 SF
      1 Oak Ridge Dr, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      384,000 SF

      1520 Wesel Blvd

      Neighborhood centers • 384,000 SF
      1520 Wesel Blvd, Hagerstown, MD 21740
      View Details
    • Value Estimation
      $590,000
      11,476 SF

      1726 Massey Blvd

      MINI-MALL • 11,476 SF
      1726 Massey Blvd, Hagerstown, MD 21740-6962
      View Details
    • Value Estimation by Request
      5,764 SF

      1304 Dual Hwy

      MINI-MALL • 5,764 SF
      1304 Dual Hwy, Hagerstown, MD 21740-5925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      118,055 SF

      Hagerstown Retail Center

      118,055 SF, Multi-Tenant, 100% Leased
      91 Eastern Blvd, Hagerstown, MD 21740
      View Details
    • $300,000
      4,608 SF

      Value-Add Commercial Opportunity

      BL-zoned commercial property with value-add potential in Hagerstown, Maryland.
      17225 Virginia Ave, Hagerstown, MD 21740
      View Details
    • $750,000

      Historic Hagerstown Landmark Building

      Renaissance Revival building with redevelopment potential in historic downtown.
      16 W Franklin St, Hagerstown, MD 21740
      View Details
    • $1,299,999

      Former School Building For Sale

      25,029 SF former school building with adaptive re-use potential.
      535 Summit Ave, Hagerstown, MD 21740
      View Details
    • $426,000

      Prime Location Commercial Land Parcel

      Strategically located 0.84-acre commercial land parcel for sale.
      16415 National Pike, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      36,000 SF

      Hagerstown Retail Space for Lease

      36,000 SF retail space available in Hagerstown, Maryland.
      115 Premium Outlets Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing

      Retail/Restaurant Space Available

      Retail or restaurant space for rent in Hagerstown, MD.
      18348 Spark Dr, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,971 SF

      Retail Space in Hagerstown Center

      Retail space available in high-traffic Hagerstown power center.
      18019 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Valley Mall

      Retail space available near Valley Mall in Hagerstown, Maryland.
      1580 Wesel Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,101 SF

      Retail Space Near I-81

      Retail space with high visibility and access near I-81.
      18061 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing

      Retail Space in Hagerstown Center

      Retail spaces available in a shopping center with future tenants.
      10433 Sharpsburg Pike, Hagerstown, MD 21740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10433 Sharpsburg Pike
    Hagerstown, MD 21740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10433 Sharpsburg Pike, Hagerstown, MD, 21740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!