Property profile

11067 Robinwood Dr Hagerstown, MD 21742

FOR SALE
Banks
Property ID
US40-0315154
3,885 SF 3.76 ac lot Built 2018
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.23-acre commercial land parcel in Hagerstown, Maryland, presents a remarkable investment opportunity. Located at 11067 Robinwood Drive, zip code 21742, this property boasts a highly desirable BL zoning designation, allowing for a diverse range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, situated adjacent to Patriot Federal Credit Union and benefiting from signalized access at Robinwood Drive and Medical Campus Road. The property's proximity to Meritus Health Center and Hagerstown Community College ensures high traffic volume and a strong potential customer base. Ideal for service-oriented businesses, medical facilities, or retail establishments, this site provides immediate availability for development. The asking price is $1,500,000. This prime location, combined with its size and zoning, makes this a truly exceptional opportunity for investors seeking high-impact commercial development in a thriving area of Washington County. The property's address is 11067 Robinwood Dr, Hagerstown, MD 21742. Latitude and longitude coordinates are 39.620563, -77.6782659 respectively.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2018
Total area 3,885 SF
Lot 3.76 ac (163,960 SF)
Zoning code BL
APN 18-048647
UPID US40-0315154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Credit Union

Location

11067 Robinwood Dr Hagerstown, MD 21742
Hagerstown metro Census 11203 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$724k
Blend (final) Blend
$2.42M

Owner & transaction history

since 2016
3 recorded transactions
2016
$2.4M
2013
$1.6M
2008
$970,000

Zoning & alternative use

BL · Hagerstown, MD
Top alternative use upside
Medical building $600,000 +5.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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