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    200 E Franklin St Hagerstown, MD 21740
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    Property profile & analytics

    200 E Franklin St Hagerstown, MD 21740

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    • Grocery and convenience stores
    • 2,585 SF
    • 0.24 lot acres
    For Sale
    $515,000
    View Listing →
    Downtown Hagerstown Mixed-Use Investment For Sale
    $515,000
    0.06 Acres

    Downtown Hagerstown Mixed-Use Investment

    Fully occupied mixed-use property in revitalized downtown Hagerstown.

    200 -202 E Franklin St, Hagerstown, MD 21740
    View Listing
    Property ID
    US40-0134930
    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

    • CoinFlip Bitcoin ATM / Investment Service / Money Transfer Service
    • Western Union / Bank / Credit Union
    • 7-Star Mini Market / Department Store
    • Innernet Inc / Mobile Phone Store / Electronics & Wireless Store
    • Nadia Convenience Store / Grocery & Convenience Store

    Property Details for 200 E Franklin St

    Year built
    1984
    Construction
    BRICK
    Lot size
    0.24 lot acres
    Property size
    2,585 SF
    Zone code
    CCMU
    Property type
    Grocery and convenience stores
    APN
    25-008162
    APU
    25008162

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7233
    Latitude
    39.6455
    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
    $2,285
    $0.00
    $0.00
    $249,767
    -
    $148,800
    $101,300
    $250,100

    Comparable in this City

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      6,680 SF

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      View Details
    • Value Estimation
      $1,205,000
      7,943 SF

      16921 Halfway Blvd

      CONVENIENCE STORE • 7,943 SF
      16921 Halfway Blvd, Hagerstown, MD 21740-7891
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    • Value Estimation by Request
      2,016 SF

      1701 Dual Hwy

      CONVENIENCE STORE • 2,016 SF
      1701 Dual Hwy, Hagerstown, MD 21740-6653
      View Details
    • Value Estimation by Request
      118,055 SF

      91 Eastern Blvd

      Lifestyle centers • 118,055 SF
      91 Eastern Blvd, Hagerstown, MD 21740
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    • Value Estimation
      $535,000
      6,077 SF

      10511 Sharpsburg Pike

      CONVENIENCE STORE • 6,077 SF
      10511 Sharpsburg Pike, Hagerstown, MD 21740-1415
      View Details
    • Value Estimation
      $3,285,000
      19,788 SF

      10447 Sharpsburg Pike

      GROCERY, SUPERMARKET • 19,788 SF
      10447 Sharpsburg Pike, Hagerstown, MD 21740-1413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      118,055 SF

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      118,055 SF, Multi-Tenant, 100% Leased
      91 Eastern Blvd, Hagerstown, MD 21740
      View Details
    • $3,431,000
      5,915 SF

      Hagerstown Investment Opportunity: Wawa Leasehold

      Single-tenant Wawa leasehold with long-term income potential.
      10304 Sharpsburg Pike, Hagerstown, MD 21740
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    • $3,840,000

      Downtown Hagerstown Mixed-Use Investment

      32 residential units, two commercial units, and a leasing office.
      55 S Potomac St, Hagerstown, MD 21740
      View Details
    • $234,500

      Turn-Key Mixed-Use Property Investment

      Remodeled mixed-use property near Fairground Park with apartment and retail space.
      144 Fairground Ave, Hagerstown, MD 21740
      View Details
    • $300,000
      4,608 SF

      Value-Add Commercial Opportunity

      BL-zoned commercial property with value-add potential in Hagerstown, Maryland.
      17225 Virginia Ave, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Downtown Hagerstown Retail/Office Space

      Former daycare suite in vibrant downtown Hagerstown, available immediately.
      20 Washington St W, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      1,000 SF

      Turnkey Retail/Office Space Available

      Move-in ready retail or office space in high-traffic location.
      17514-17520 Virginia Ave, Hagerstown, MD 21740
      View Details
    • Contact for pricing

      Freestanding Building Near Walmart

      Prime location in Hagerstown's power center with easy access.
      17840 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      1,272 SF

      Regional Center Retail Space Available

      Retail spaces available in Hagerstown regional shopping center.
      17604-17716 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      11,750 SF

      Retail Space on Wesel Boulevard

      Retail development with excellent access and visibility in Hagerstown, MD.
      1501 Wesel Blvd, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,101 SF

      Retail Space Near I-81

      Retail space with high visibility and access near I-81.
      18061 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
    View Listing
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    200 E Franklin St
    Hagerstown, MD 21740
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    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.

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    200 E Franklin St, Hagerstown, MD, 21740
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