Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17601 Garland Groh Blvd Hagerstown, MD 21740-2022

    • Commercial land
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1780921
    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.

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • McCafe / Cafe & Coffee Shop

    Property Details for 17601 Garland Groh Blvd

    Lot size
    0.81 lot acres
    Zone code
    CR
    Property type
    Commercial land
    APN
    25-032314
    APU
    25032314

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7572
    Latitude
    39.6537
    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
    $3,434
    $0.00
    $0.00
    $375,300
    -
    $375,900
    $0.00
    $375,900

    Comparable in this City

    • Value Estimation by Request
      29.74 Acres

      Edgewood Dr

      VACANT COMMERCIAL LAND • 29.74 Acres
      Edgewood Dr, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      0.03 Acres

      Franklin St

      VACANT COMMERCIAL LAND • 0.03 Acres
      Franklin St, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      0.36 Acres

      Frederick St

      VACANT COMMERCIAL LAND • 0.36 Acres
      Frederick St, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      2.60 Acres

      17980 Garland Groh Blvd

      VACANT COMMERCIAL LAND • 2.60 Acres
      17980 Garland Groh Blvd, Hagerstown, MD 21740-2036
      View Details
    • Value Estimation by Request
      2.77 Acres

      Greencastle Pike

      VACANT COMMERCIAL LAND • 2.77 Acres
      Greencastle Pike, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      3.58 Acres

      16921 Halfway Blvd

      VACANT COMMERCIAL LAND • 3.58 Acres
      16921 Halfway Blvd, Hagerstown, MD 21740-7891
      View Details

    Similar Nearby for Sale

    • $750,000

      Commercial Land For Sale

      Commercial land available for sale.
      29 W Franklin St, Hagerstown, MD 21740
      View Details
    • $950,000
      22.01 Acres

      HAGERSTOWN Commercial Land Near I-81

      22 acres of commercial real estate near I-81.
      Insurance Way, Hagerstown, MD 21740
      View Details
    • $289,900

      Commercial Lot with Easy Access

      Commercial lot suitable for townhouses, carwash, or laundry mat.
      Kenly Ave, Hagerstown, MD 21740
      View Details
    • $750,000
      2.11 Acres

      Prime Commercial Location on National Pike

      Over 2 acres with high visibility and strategic accessibility.
      16512 National Pike, Hagerstown, MD 21740
      View Details
    • $199,000

      Hagerstown Land Lots Opportunity

      Ten individual land lots available in Hagerstown, Maryland.
      7-16 Lawton Ln, Hagerstown, MD 21740
      View Details
    • $49,900

      Corner Lot in Hagerstown

      Corner lot with variance obtained in Hagerstown, Maryland.
      528 Jefferson St, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      0.78 acre commercial land available for lease.
      1360 S Potomac St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      384,000 SF

      1520 Wesel Blvd

      Neighborhood centers • 384,000 SF
      1520 Wesel Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      30,492 SF

      Westminster Commercial Land for Lease

      Prime 0.7-acre commercial lot, ready for development.
      17145 Cole Rd, Westminster, MD 21740
      View Details
    • Contact for pricing
      9,000 SF

      Hagerstown Commercial Land for Lease

      0.78-Acre Commercial Lot, Prime Location
      0 Potomac St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      13,300 SF

      Hagerstown Office Space - Prime Location

      Historic Office Building, Multiple Suites Available
      24 Jonathan St, Hagerstown, MD 21740
      View Details
    • $12 SF/Yr
      19,156 SF

      Downtown Hagerstown Office Space

      Class A Office Suites Available
      100 Antietam St, Hagerstown, MD 21740
      View Details

    Property Visit Statistics

    • Visits by month
      39.5k
    • Visitors by month
      27.3k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17601 Garland Groh Blvd
    Hagerstown, MD 21740-2022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.