Property profile

2 Western Maryland Pkwy Hagerstown, MD 21740

FOR LEASE
Warehouses
Property ID
US40-0407389
267,424 SF 21.44 ac lot Built 2023
Entity Owned 4-yr Hold Free & Clear
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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

Location

2 Western Maryland Pkwy Hagerstown, MD 21740
Hagerstown metro Census 301 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
Last sale
$2.2M
1 recorded transaction
2021
$2.2M

Zoning & alternative use

HI · Hagerstown, MD

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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