Property profile

18028 Maugans Ave Maugansville, MD 21767

OFF-MARKET
Strip malls
Property ID
US40-1179144
8,770 SF 0.78 ac lot Built 1990
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional, well-maintained commercial plaza in Maugansville, MD, presents a prime investment opportunity. Located on a 0.78-acre lot at 18028 Maugans Avenue, this 8,770 square foot property boasts a highly visible location just half a mile from Interstate 81, ensuring excellent accessibility and high traffic volume. The plaza is zoned BG (Business General) and features seven designated suites, each equipped with its own electric meter, water heater, and heat pump, providing efficient utility management for both owner and tenants. Ample parking is available with 35 spaces. Currently fully leased to four different tenants with a mix of lease terms, this property offers immediate cash flow. The building consists of two sections: the left half, which was rebuilt in 1990, and the right half, added in the same year. County taxes only apply, minimizing overhead costs. This is a rare opportunity to acquire a stable, income-generating property in a thriving commercial area. The property's strategic location and well-maintained condition make it an attractive investment for discerning buyers seeking a strong return on investment. The existing tenant base provides a solid foundation for future growth and potential rental increases. Don't miss this chance to own a piece of Maugansville's commercial landscape.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction BRICK
Total area 8,770 SF
Lot 0.78 ac (33,897 SF)
Zoning code BG
APN 13-016704
UPID US40-1179144

Cap rate & NOI

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

Location

18028 Maugans Ave Maugansville, MD 21767
Maugansville metro Census 10401 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.15M
CAP Approach CAP
$1.37M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.15M

Owner & transaction history

since 2026
Last sale
$1.1M
5 recorded transactions
2026
$1.1M
2024
Price N/A
2007
$1.2M
2005
$900,000
1969
Price N/A

Zoning & alternative use

BG · Maugansville, MD
Top alternative use upside
Commercial (general) $1.3M +201.0%
Medical building $1.3M +199.3%
Restaurant $1.2M +176.8%

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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