Property profile

14735 Citicorp Dr Hagerstown, MD 21742

OFF-MARKET
Commercial land
Property ID
US40-0729350
2,780 SF 16.06 ac lot Built 1963
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial warehouse property, located at 14735 Citicorp Drive in Hagerstown, Maryland, offers a prime opportunity for businesses seeking flexible and expansive space. The single-story building, constructed in 2025, boasts a total of 150,000 square feet, with divisible units starting at 75,000 square feet. The property sits on 21.65 acres of land, providing ample room for expansion and maneuvering. The warehouse features 25 loading docks, two drive-in doors, and approximately 110 car parking spaces, along with roughly 23 dedicated trailer parking stalls. Ceiling height is customizable to suit tenant needs. The building is equipped with an ESFR sprinkler system and a roof-mounted, gas-fired, Cambridge heating system. Energy-efficient LED lighting with occupancy sensors is installed throughout. The column spacing is also customizable. The property's location in the Hagerstown submarket of Washington County, Maryland (zip code 21742), offers excellent access to major transportation routes. The expansive truck court is 190 feet deep. This property is ideal for businesses requiring significant warehouse space and convenient access to transportation networks. The building dimensions are approximately 600 feet deep by 300 feet wide.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1963
Total area 2,780 SF
Lot 16.06 ac (699,356 SF)
Zoning code HI
APN 13-003106
UPID US40-0729350

Cap rate & NOI

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

Location

14735 Citicorp Dr Hagerstown, MD 21742
Hagerstown metro Census 10300 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.60M

Owner & transaction history

since 2023
Last sale
$2.7M
5 recorded transactions
2023
$2.7M
2023
Price N/A
2021
$1.2M
2016
$1.2M
2014
$140,000

Zoning & alternative use

HI · Hagerstown, MD

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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