Financial
Distress signals
Property profile

223 Prospect St Hagerstown, MD 21740

OFF-MARKET
Office buildings
Property ID
US40-0034907
43,788 SF 0.35 ac lot Built 1900
Last sale Aug 2024 · $985,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 750-square-foot office space is ideally situated at 223 N Prospect St in Hagerstown, Maryland, within Washington County. The property is available for lease as a single-tenant occupancy, presenting a fantastic opportunity for businesses seeking a move-in ready solution. Categorized as both Executive and Creative Office space, this versatile suite offers ample room for a variety of professional uses. The building's total square footage mirrors the available space, ensuring

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$1.32M
Effective rate0.91%

Value estimate

· Sep 2026
$985k
$887k – $1.08M
AI approach$985k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$61 – $380

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IR
IR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residenti...
General categoryINDUSTRIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office19.2
Realty agency17.3
Skin Care Clinic11.9

Location

223 Prospect St Hagerstown, MD 21740-3773
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1110 Opal, Hagerstown, MD 21740-5942 $1,250,000 Jan 2025 12,500 SF
108 Western Maryland, Hagerstown, MD 21740-5116 $5,570,000 Oct 2024 23,200 SF
Smt, Hagerstown, MD 21740 $1,800,000 Jan 2024 53,514 SF
125 Washington, Hagerstown, MD 21740-6684 $120,000 Dec 2023 7,887 SF
13511 Label, Hagerstown, MD 21740-2463 $5,400,000 Aug 2023 71,306 SF
473 Potomac, Hagerstown, MD 21740-3821 $750,000 Mar 2023 7,018 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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