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Financial
Distress signals
Property profile

116 Baltimore St Hagerstown, MD 21740

FOR LEASE
Office buildings
Property ID
US40-0977752
9,568 SF 0.46 ac lot Built 1900
Last sale May 2025 · $375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This unique investment opportunity presents a 9,568 square foot, two-story creative office building located at 116 W Baltimore St, Hagerstown, MD 21740. Built in 1962, this property sits on a 0.46-acre lot and offers 30 parking spaces. Currently configured as a single-tenant office space, the lease expires on December 31, 2024, with an occupancy date of December 16, 2024. The building is zoned RMED with an existing non-conforming use for office purposes. Priced at $525,000, this is a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$654k

Value estimate

· Oct 2026
$475k
$428k – $523k
Submarket $/SF estimate$620k
NOI build-up
Gross scheduled income$188k
Vacancy & credit loss−$35k
Operating expenses−$38k
NOI · 766,373.33% cap applied$115k

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?
766,373.33%
$115k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RMED
The purpose of this zoning district is to provide areas for medium density residential development.
General categoryRESIDENTIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.6
Dry Cleaner9.2
Locksmith9.1

Location

116 Baltimore St Hagerstown, MD 21740
County assessor Recorded deeds · 1 transfer 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
49 Smt, Hagerstown, MD 21740-5516 $265,000 Jan 2025 4,725 SF
1110 Opal, Hagerstown, MD 21740-5942 $1,250,000 Jan 2025 12,500 SF
1130 Opal, Hagerstown, MD 21740-5940 $830,000 Jun 2024 3,996 SF
125 Washington, Hagerstown, MD 21740-6684 $120,000 Dec 2023 7,887 SF
927 Potomac, Hagerstown, MD 21740-8033 $465,000 Jun 2023 4,080 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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