This exceptional three-story, 4,248 square foot executive office building at 140 S Potomac St, Hagerstown, MD 21740, presents a unique investment opportunity. Built between 1890 and 1900, the property boasts significant historical character while offering modern conveniences. The building is classified as Class B and features three units, each approximately 1,416 square feet, perfect for a variety of professional uses. The asking price is $649,000, translating to $152.78 per square foot. …

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 · 2023

What does the county charge?

$1k

Tax billed · 2023

Assessed value$155k

Effective rate0.92%

Value estimate

· Nov 2026

$60k

$54k – $66k

NOI build-up

Gross scheduled income$59k

Vacancy & credit loss−$11k

Operating expenses−$12k

NOI · 9.13% cap applied$36k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?

$126/SF

ZIP average, outlier-cleaned · 106 recorded sales of this use type

Observed band · Q1–Q3$64 – $203

Qualifying comparables11

Cap rate analysis

How does the asset earn?

9.13%

$36k 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?

CCMU

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?

Best fit: Smoke and Vape Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Smoke and Vape Shop10.5

Tailor Shop10.1

Dry Cleaner9.5

140 S Potomac St Hagerstown, MD 21740

County assessor Recorded deeds · 9 transfers 11 qualifying comp sales 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 · 14 properties nearby

Address Sale price Sold Size

412 Potomac, Hagerstown, MD 21740-3958 $550,000 Jun 2024 4,466 SF

201 Washington, Hagerstown, MD 21740-5971 $800,000 Apr 2024 4,234 SF

51 Potomac, Hagerstown, MD 21740-5512 $500,000 Feb 2024 4,512 SF

114 Franklin, Hagerstown, MD 21740-4730 $743,000 Jan 2024 3,738 SF

110 Franklin, Hagerstown, MD 21740-4704 $743,000 Jan 2024 3,660 SF

10 Washington, Hagerstown, MD 21740-5606 $155,000 Nov 2023 3,939 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

Value Estimation
$315,000

4,059 SF

11 Locust St

OFFICE/RESIDENTIAL (MIXED USE)

11 Locust St, Hagerstown, MD 21740-4927

View Details
Value Estimation
$550,000

4,466 SF

412 Potomac St

OFFICE/RESIDENTIAL (MIXED USE)

412 Potomac St, Hagerstown, MD 21740-3958

View Details
Value Estimation
$305,000

3,684 SF

200 Franklin St

OFFICE/RESIDENTIAL (MIXED USE)

200 Franklin St, Hagerstown, MD 21740-4922

View Details
Value Estimation
$400,000

5,166 SF

41 Potomac 82nd 12th St

OFFICE/RESIDENTIAL (MIXED USE)

41 Potomac 82nd 12th St, Hagerstown, MD 21740

View Details
Value Estimation
$325,000

5,216 SF

107 Franklin St

OFFICE/RESIDENTIAL (MIXED USE)

107 Franklin St, Hagerstown, MD 21740-4703

View Details
Value Estimation
$435,000

5,619 SF

356 Potomac St

OFFICE/RESIDENTIAL (MIXED USE)

356 Potomac St, Hagerstown, MD 21740

View Details

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Stabilized 10-unit property with value-add potential in a prime location.

101 Potomac St, Hagerstown, MD 21740

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New

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Historic Hagerstown Landmark Building

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Similar Nearby for Lease

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Downtown Mixed-Use Property

Street parking and municipal water, sewer, trash, and electric services support the property’s office and retail use.

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140 S Potomac St Hagerstown, MD 21740

Property summary