Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11205 Dr Hagerstown, MD 21742

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 11205 Dr

    Year built
    2008
    Property type
    Investment properties

    Description

    This thriving beauty supply store in Hagerstown, Maryland, presents a unique opportunity for an ambitious entrepreneur. Priced at $250,000, this established business boasts a loyal customer base and an impressive inventory of top beauty brands. The sale includes all furniture, point-of-sale (POS) systems, and existing inventory, ensuring a seamless transition for the new owner. Comprehensive support and training, including vendor contacts, will be provided for six months, facilitating a smooth takeover. The current owner is selling due to upcoming medical training. The new owner will assume the existing lease. Located in the rapidly expanding east end of Hagerstown, this prime location offers ample parking and high visibility, with daily traffic exceeding 25,000 cars. Situated within the Rosewood Village Planned Unit Development (PUD), the store benefits from proximity to 230 existing residential units and approvals for an additional 520 units, guaranteeing a growing customer base. The area is known as the fastest-growing and most affluent in the county. Conveniently located within two miles of I-70, this business enjoys excellent commuter access. The property shares its location with several successful businesses including Schula's Grill, Black Rock BBQ, Hummus Grill, Royal Palm, and Rosewood Liquors, creating a vibrant and attractive commercial environment. This is a truly turnkey operation with significant growth potential.

    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
    -77.6905
    Latitude
    39.6638

    Comparable in this City

    • Value Estimation by Request
      2,176 SF

      21385 Leiters Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,176 SF
      21385 Leiters Ml Rd, Hagerstown, MD 21742-1661
      View Details
    • Value Estimation by Request
      4,416 SF

      21500 Leitersburg Smithsburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,416 SF
      21500 Leitersburg Smithsburg Rd, Hagerstown, MD 21742-4936
      View Details
    • Value Estimation by Request
      1,124 SF

      18241 Showalter Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,124 SF
      18241 Showalter Rd, Hagerstown, MD 21742-1346
      View Details
    • Value Estimation by Request
      2,251 SF

      18519 Maugans Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,251 SF
      18519 Maugans Ave, Hagerstown, MD 21742-2376
      View Details
    • Value Estimation by Request
      1,637 SF

      18523 Maugans Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,637 SF
      18523 Maugans Ave, Hagerstown, MD 21742-2376
      View Details
    • Value Estimation by Request
      2,080 SF

      11106 Robinwood Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,080 SF
      11106 Robinwood Dr, Hagerstown, MD 21742-6702
      View Details

    Similar Nearby for Sale

    • $420,000
      3,650 SF

      Craftsman Multifamily Home in Hagerstown

      Impressive 1910 brick home with multigenerational living and income potential.
      831 Oak Hill Ave, Hagerstown, MD 21742
      View Details
    • $1,500,000

      Land Near Medical Campus

      Commercial land with signalized access, ideal for service or retail.
      11067 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $265,000

      Land For Sale

      Land available for sale.
      20807 Emerald Dr, Hagerstown, MD 21742
      View Details
    • $299,900

      Hagerstown Specialty Property for Sale

      Specialty property available for purchase in Hagerstown, Maryland.
      26 Laurel St, Hagerstown, MD 21742
      View Details
    • $355,000

      Keener Road Land Opportunity

      Land available on Keener Road, Hagerstown.
      13336 Keener Rd, Hagerstown, MD 21742
      View Details
    • $374,900

      Hagerstown Specialty Property For Sale

      Specialty property available for purchase in Hagerstown, Maryland.
      273 Potomac Hts, Hagerstown, MD 21742
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Hagerstown Medical Office Space

      Prime Medical Office Suites Available Now
      11205 John F Kennedy Dr, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      801,000 SF

      Hagerstown Warehouse: 801,000 SF

      Modern warehouse space, I-81 access.
      18245 Showalter Rd, Hagerstown, MD 21742
      View Details
    • $21 SF/Yr
      36,155 SF

      HAGERSTOWN, MD - Office Space

      New construction office space suitable for medical or professional use.
      13316 Marsh Pike, Hagerstown, MD 21742
      View Details
    • Contact for pricing

      Hagerstown Business Park Land Parcels

      Master-planned business park with I-81 access and heavy utilities.
      18521 Showalter Rd, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      1,635 SF

      Retail Space in Anchored Center

      Retail space available in Weis and Lowe’s anchored shopping center.
      12813-12817 Shank Farm Way, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space on Northern Avenue

      Retail space available in high-growth area near shopping center.
      1505-1583 Potomac Ave, Hagerstown, MD 21742
      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.
    11205 Dr
    Hagerstown, MD 21742
    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

    Google sign-in failed. Please try again or use another login method.