Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18245 Showalter Rd Hagerstown, MD 21742-1346
    Property profile & analytics

    18245 Showalter Rd Hagerstown, MD 21742-1346

    View on Map
    • Warehouses
    • 801,000 SF
    • 86.86 lot acres
    Off-Market
    Property ID
    US40-2248606
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Love's Truck Care / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 18245 Showalter Rd

    Year built
    2023
    Lot size
    86.86 lot acres
    Property size
    801,000 SF
    Zone code
    HI
    Property type
    Warehouses
    APN
    13-016593
    APU
    13016593

    Description

    This exceptional 801,000-square-foot warehouse facility, constructed in 2023, presents a prime opportunity in Hagerstown, Maryland. Located at 18245 Showalter Rd, zip code 21742, this single-story building boasts a 40-foot clear ceiling height and offers flexible space options. Units range from a minimum of 250,000 square feet to a maximum contiguous space of 333,300 square feet, making it suitable for a variety of industrial needs. The property features 80 loading docks and ample parking with 644 total spaces. Situated on 86.16 acres in Washington County's Hagerstown submarket, this location provides immediate access to Interstate 81, ensuring efficient transportation and logistics. The building's robust power supply includes 4000A, 277/480v, 3-phase power. The property also benefits from a 190-foot deep truck court and a 600-foot building depth. Additional land parcels are available for car or trailer parking, totaling 1.96, 1.55, and 1.37 acres. The property is zoned HI. This location offers the advantage of a strong labor pool and a low cost of living.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $92,015,000
      6.5%
      $84,940,000
      7%
      $78,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $71,373,000
      Market price range: $16.5M - $108M
      AI Estimate
      $46,927,000
      Market price range: $15.3M - $62.3M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $59,940,000
      Current use
      COMMERCIAL (GENERAL)
      $108,585,000
      Change: +81% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7334
    Latitude
    39.697
    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
    $559,664
    $6,948,800
    $46,865,000
    $53,813,800
    -
    $6,948,800
    $46,865,000
    $53,813,800

    Comparable in this City

    • Value Estimation by Request
      3,640 SF

      19723 Leitersburg Pike

      MINI-WAREHOUSE, STORAGE • 3,640 SF
      19723 Leitersburg Pike, Hagerstown, MD 21742-1443
      View Details
    • Value Estimation by Request
      2,651 SF

      701 Park Ln

      WAREHOUSE, STORAGE • 2,651 SF
      701 Park Ln, Hagerstown, MD 21742-3117
      View Details
    • Value Estimation
      $940,000
      34,393 SF

      241 Prospect Ave

      WAREHOUSE, STORAGE • 34,393 SF
      241 Prospect Ave, Hagerstown, MD 21742-3605
      View Details
    • Value Estimation
      $12,295,000
      49,950 SF

      18516 Henson Blvd

      WAREHOUSE, STORAGE • 49,950 SF
      18516 Henson Blvd, Hagerstown, MD 21742
      View Details
    • Value Estimation by Request
      11,040 SF

      1210 Security Rd

      WAREHOUSE, STORAGE • 11,040 SF
      1210 Security Rd, Hagerstown, MD 21742-4159
      View Details
    • Value Estimation by Request
      2,740 SF

      18621 Jarkey Dr

      WAREHOUSE, STORAGE • 2,740 SF
      18621 Jarkey Dr, Hagerstown, MD 21742-1356
      View Details

    Similar Nearby for Sale

    • $549,900

      Industrial Building with Residential Unit

      6,634 SF industrial building with 2-BR dwelling on 3 acres.
      1394 Jefferson Blvd, Hagerstown, MD 21742
      View Details
    • Contact for pricing

      Medical/Office Space Near Medical Centers

      Strategically located medical/office space with dual access.
      11236 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $40,000
      0.21 Acres

      Residential Land in Hagerstown, MD

      Level building lot with public utilities in a quiet neighborhood.
      Woodland Way, Hagerstown, MD 21742
      View Details
    • $222,000
      2.08 Acres

      Ready-to-Build Land Parcel

      2.08 acres with utilities, well, and septic approval.
      21219 Leitersburg Pike, Hagerstown, MD 21742
      View Details
    • $222,000

      Land on Leitersburg Pike

      Land available on Leitersburg Pike in Washington County.
      21219 Leitersburg Pike, Hagerstown, MD 21742
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hagerstown Manufacturing/Distribution/Storage Space

      Flexible industrial space with I-81 access and high ceilings.
      18450 Showalter Rd, Hagerstown, MD 21742
      View Details
    • $14 SF/Yr

      Hagerstown Admin/Classroom Building For Rent

      Admin/classroom building in Hagerstown's north end, ideal for education/training.
      18614 Crestwood Dr, Hagerstown, MD 21742
      View Details
    • $600 /Mo

      Professional Office Suites Available

      Two office suites for rent with shared amenities and utilities.
      13622 Pennsylvania Ave, Hagerstown, MD 21742
      View Details
    • Contact for pricing

      Hagerstown Business Park Land Parcels

      Master-planned business park with I-81 access and heavy utilities.
      18419 Showalter Rd, Hagerstown, MD 21742
      View Details
    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.
    18245 Showalter Rd
    Hagerstown, MD 21742-1346
    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

    Thank You for Inquiry
    18245 Showalter Rd, Hagerstown, MD, 21742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!