Property profile

1150 Opal Ct Hagerstown, MD 21740

OFF-MARKET
Medical Office Space
Property ID
US40-1327681
5,850 SF 0.99 ac lot Built 2000
Entity Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,850-square-foot medical office building presents a unique investment opportunity in Hagerstown, Maryland. Located at 1150 Opal Ct, 21740, this property boasts a prime location just off Eastern Blvd. and Dual Highway, offering convenient access to Meritus Hospital and the Robinwood Medical complex via the newly constructed bridge on Professional Blvd. Built circa 2000, the building features a distinctive custom brick exterior with arched windows and a hip-style roof incorporating centralized skylights. Currently configured for retina specialists, the adaptable floor plan includes two reception areas and is well-suited for a variety of medical or professional uses. The building is in excellent condition and offers an innovative layout. An offering memorandum is available upon request. The asking price is $1,750,000, translating to $299.15 per square foot. Estimated possession is July 31, 2024. This property represents a rare chance to acquire a high-quality medical office building in a thriving healthcare market. The building's attractive features, strategic location, and strong potential for future growth make it an ideal investment for discerning buyers.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2000
Construction BRICK
Total area 5,850 SF
Lot 0.99 ac (43,342 SF)
Zoning code POM
APN 17-027212
UPID US40-1327681

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
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist
  • Ophthalmologist

Location

1150 Opal Ct Hagerstown, MD 21740-5940
Hagerstown metro Census 601 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
$949k
Blend (final) Blend
$950k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

POM · Hagerstown, MD
Zoning description

POM - Professional Office Mixed-Use. It is mainly an office park area with limited retail and restaurants permitted (e.g., Light Business Park, MKS Business Park, Florida Avenue, Mill Street, E. Antietam east of Cannon,…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $960,000 +6.3%
Restaurant $935,000 +3.5%

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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