Property profile

18450 Showalter Rd Hagerstown, MD 21742

FOR LEASE
Industrial properties
Property ID
US40-1198767
838,657 SF 12.4 ac lot Built 1944
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

New Heights Industrial Park offers a prime opportunity for businesses seeking flexible industrial space in Hagerstown, Maryland. This 764,619 square foot facility, situated on 41.9 acres, features thirteen suites with a minimum divisible space of 43,750 square feet and a maximum contiguous space of 250,000 square feet

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1944
Total area 838,657 SF
Lot 12.4 ac (540,144 SF)
Zoning code IG
APN 27-005012
UPID US40-1198767

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Information Services Data Recovery Service
  • Industrial Manufacturer Production Facility
  • Moving Company Storage Facility
  • Museum Tourist Attraction
  • Industrial Manufacturer Production Facility

Location

18450 Showalter Rd 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$23.68M
Blend (final) Blend
$4.64M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
$4.5M
2021
Price N/A
2020
$16.2M
2019
$12.2M
2017
Price N/A
1969
Price N/A

Zoning & alternative use

IG · Hagerstown, MD
Zoning description

The purpose of this zoning district is to provide manufacturing, processing and storage uses which should be separated from other uses by reason of characteristics which may conflict with other uses. The exclusion of res…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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