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    1101 Professional Ct Hagerstown, MD 21740
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    Property profile & analytics

    1101 Professional Ct Hagerstown, MD 21740

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    • Commercial real estate
    Off-Market
    Property ID
    US40-0018777
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Middletown Valley Bank / Bank / Credit Union
    • Graystone Mortgage / Loan Service / Bank

    Property Details for 1101 Professional Ct

    Property type
    Commercial real estate

    Description

    This exceptional 1-acre pad site presents a remarkable opportunity for retail development in Hagerstown, Maryland. Located at 1101 Professional Ct, 21740, this property offers significant visibility and accessibility. Its strategic location provides convenient access to a high volume of daily traffic. Within one mile of Route 40 (Dual Highway), boasting over 39,000 vehicles daily, and adjacent to Eastern Boulevard, which sees approximately 27,000 vehicles daily at the intersection of Opal Ct near a Sheetz convenience store, this site ensures high exposure for any business. The property's single-tenant configuration allows for flexible development tailored to specific needs. Recent improvements to Professional Drive in 2023 have enhanced accessibility, placing the site within minutes of major institutions including Meritus Hospital, Robinwood Medical Center, and Hagerstown Community College. The site's potential for a drive-through adds further appeal to a wide range of retail concepts. This prime location, coupled with its convenient access and high traffic counts, makes this pad site an exceptional investment opportunity in a thriving Maryland market. The property is classified as Retail Land, and is zoned for commercial use. Washington County provides a stable and supportive environment for business growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.6961807
    Latitude
    39.6363708

    Comparable in this City

    • $400 /Mo

      Private Garage with Off-Street Parking

      Secure garage with workshop space, suitable for storage or hobbies.
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      1,272 SF

      Regional Center Retail Space Available

      Retail spaces available in Hagerstown regional shopping center.
      17604-17716 Garland Groh Blvd, Hagerstown, MD 21740
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      Retail Space For Lease

      Retail space available for lease in Hagerstown, Maryland.
      1181 Maryland Ave, Hagerstown, MD 21740
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      Land For Lease

      Land available for lease.
      17145 Cole Rd, Hagerstown, MD 21740
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      Value-Add Commercial Opportunity

      BL-zoned commercial property with value-add potential in Hagerstown, Maryland.
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    Similar Nearby for Lease

    • $3,500 /Mo

      Downtown Hagerstown Retail/Office Space

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      10,000 SF warehouse/retail space available for quick occupancy.
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      3,971 SF

      Retail Space in Hagerstown Center

      Retail space available in high-traffic Hagerstown power center.
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      1,000 SF

      Turnkey Retail/Office Space Available

      Move-in ready retail or office space in high-traffic location.
      17514-17520 Virginia Ave, Hagerstown, MD 21740
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      Freestanding Building Near Walmart

      Prime location in Hagerstown's power center with easy access.
      17840 Garland Groh Blvd, Hagerstown, MD 21740
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      Industrial Land For Rent

      Industrial land available for single tenant occupancy.
      14728 Crown Ln, Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    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
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