Property profile

133 Burhans Blvd Hagerstown, MD 21740

OFF-MARKET
Warehouses
Property ID
US40-2248621
16,428 SF 1.01 ac lot Built 1900
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 21,804 square foot industrial building in Hagerstown, MD, presents a remarkable investment opportunity. Situated on a 1.01-acre lot, this four-story, all-brick structure boasts two loading docks, a new HVAC system, updated water heaters and windows, and fresh paint throughout. The building features 36"+ wide hallways, a new elevator (currently under construction), exterior cameras, a main entrance lock, monitored security, motion detectors, smoke detectors, and an indoor sprinkler system, ensuring safety and accessibility. The third floor offers impressive 26.5-foot ceiling heights, shared restrooms, and water fountains. The property includes 16,000+ square feet of finished, fully rented space, plus additional build-out ready areas, promising significant rental income potential. Additional amenities include a new fire escape, overhead doors, conveyors, fencing, and blacktop. Zoned for industrial use, this versatile property is ideal for storage, warehousing, light industrial operations, or office space. Its location offers convenient access to major transportation routes, including an airport less than 10 miles away and a bus stop within one mile. Strategically positioned near the new Amazon Fulfillment Center and other key commercial hubs, this property offers unparalleled access to major retail and distribution networks. The asking price is $1,100,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1900
Construction BRICK
Total area 16,428 SF
Lot 1.01 ac (43,996 SF)
Zoning code IR
APN 03-001962
UPID US40-2248621

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
  • General Contractor Construction Company

Location

133 Burhans Blvd Hagerstown, MD 21740-5353
Hagerstown metro Census 900 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
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2025
5 recorded transactions
2026
Price N/A
2025
Price N/A
2011
$300,000
2005
$270,000
1969
Price N/A

Zoning & alternative use

IR · Hagerstown, MD
Zoning description

IR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residential (e.g., Lee and Sycamore Street area, N. Prospect Street, Prospect Avenue, MD 58…

General category INDUSTRIAL

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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