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    OFF-MARKET
    Warehouses

    2 Western Maryland Pkwy, Hagerstown, MD 21740-5999

    267,424 SF 21.44 ac lot Built 2023
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US40-0407389
    Property summary
    AI-generated overview

    This exceptional industrial warehouse property, located at 2 Western Maryland Parkway in Hagerstown, Maryland, offers a significant opportunity for businesses seeking flexible space. The building boasts a total of 149,245 square feet, with one space currently available, ranging from 45,402 to the full building size. The layout is front-parked and rear-loaded, featuring impressive dimensions of 977'5" x 275'9" (BOMA, dimensions for rentable SF). The warehouse offers a generous 36' clear height throughout, including a speed bay. Loading is facilitated by 57 dock positions (9'w x 10'h) and two 12'w x 14'h motorized drive-in doors with windows. A substantial 185' deep truck court and 86 trailer drops at 55' depth provide ample maneuvering space. The property includes 252 parking spaces (0.9 per 1,000 SF), offering flexibility for expansion. Bay sizes are 54' x 52'4" and a speed bay of 54' x 65'. Additional outdoor storage area is available. The property features heavy-duty paving designed for 500,000 EAL at driveways, truck court, and potential outdoor and trailer storage areas. A 2,200 sq ft spec office is also included. This prime location in Washington County, Maryland, zip code 21740, provides easy access to major transportation routes. This is an ideal opportunity for businesses seeking a well-equipped, spacious warehouse in a strategic location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2023
    Total area 267,424 SF
    Lot 21.44 ac (933,752 SF)
    Zoning code HI
    APN 25-067155
    UPID US40-0407389
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gvp Hagerstown Owner LLC · 4 yrs held
    Gvp Hagerstown Owner LLC
    since 2021
    Last sale
    $2.2M
    1 recorded transaction
    2021
    $2.2M
    Zoning & alternative use
    HI · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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