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    1580 Wesel Blvd Hagerstown, MD 21740
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    Property profile & analytics

    1580 Wesel Blvd, Hagerstown, MD 21740

    View on Map
    • Community centers
    • 87,606 SF
    • 12.45 lot acres
    For Lease
    $1,475,000
    View Listing →
    Retail Space Near Valley Mall For Lease
    $1,475,000
    3,000 SF

    Retail Space Near Valley Mall

    Retail space available near Valley Mall in Hagerstown, Maryland.

    1580 Wesel Blvd, Hagerstown, MD
    View Listing
    Property ID
    US40-0078534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,475,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • Shahin Vohara / Dental Office
    • Dr. Latoya Ambrose / Dental Office
    • Dr. Saeed Tofigh / Dental Office
    • Min Kim / Dental Office

    Property Details for 1580 Wesel Blvd

    Year built
    1992
    Construction
    BRICK
    Lot size
    12.45 lot acres
    Zone code
    CR
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    03-027805
    APU
    3027805

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,160,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,787,000
      Market price range: $1.79M - $5.14M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7623
    Latitude
    39.6331
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,430
    $3,237,000
    $2,493,000
    $5,730,000
    -
    $3,237,000
    $2,493,000
    $5,730,000

    Comparable in this City

    • Value Estimation by Request
      118,055 SF

      91 Eastern Blvd

      Lifestyle centers
      91 Eastern Blvd, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      5,764 SF

      1304 Dual Hwy

      MINI-MALL
      1304 Dual Hwy, Hagerstown, MD 21740-5925
      View Details
    • Value Estimation
      $590,000
      11,476 SF

      1726 Massey Blvd

      MINI-MALL
      1726 Massey Blvd, Hagerstown, MD 21740-6962
      View Details
    • Value Estimation by Request

      10433 Sharpsburg Pike

      Lifestyle centers
      10433 Sharpsburg Pike, Hagerstown, MD 21740
      View Details
    • Value Estimation
      $2,140,000
      52,259 SF

      100 Premium Outlets Blvd, Unit 1000

      MINI-MALL
      100 Premium Outlets Blvd, Hagerstown, MD 21740-9519
      View Details
    • Value Estimation
      $36,250,000
      117,096 SF

      17604 Garland Groh Blvd

      MINI-MALL
      17604 Garland Groh Blvd, Hagerstown, MD 21740-2015
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      118,055 SF

      Hagerstown Retail Center

      118,055 SF, Multi-Tenant, 100% Leased
      91 Eastern Blvd, Hagerstown, MD 21740
      View Details
    • $234,500

      Turn-Key Mixed-Use Property Investment

      Remodeled mixed-use property near Fairground Park with apartment and retail space.
      144 Fairground Ave, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      8,388 SF

      Turn-Key Mixed-Use Investment Opportunity

      Fully occupied six-unit building with stable cash flow.
      117 E Antietam St, Hagerstown, MD 21740
      View Details
    • $250,000
      7,800 SF

      Downtown Hagerstown Commercial Opportunity

      Versatile commercial space near downtown Hagerstown with flexible layout.
      35 E Washington St, Hagerstown, MD 21740
      View Details
    • $250,000

      Downtown Hagerstown Commercial Opportunity

      Versatile commercial space near downtown Hagerstown's amenities.
      35 E Washington St, Hagerstown, MD 21740
      View Details
    • $300,000

      Hagerstown Commercial Property Value-Add Opportunity

      BL-zoned commercial property with value-add potential in an established area.
      17225 Virginia Ave, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,750 SF

      Retail Space on Wilson Blvd

      Retail property with high visibility and strong demographics.
      761 E Wilson Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      1,272 SF

      Regional Center Retail Space Available

      Retail spaces available in Hagerstown regional shopping center.
      17604-17716 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Valley Mall

      Retail space available near Valley Mall in Hagerstown, Maryland.
      1580 Wesel Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,101 SF

      Retail Space Near I-81

      Retail space with high visibility and access near I-81.
      18061 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,971 SF

      Retail Space in Hagerstown Center

      Retail space available in high-traffic Hagerstown power center.
      18019 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    View Listing
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    Hagerstown, MD 21740
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1580 Wesel Blvd, Hagerstown, MD, 21740
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