Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20331 Leitersburg Pike Hagerstown, MD 21742-1452
    Back to Search
    Property profile & analytics

    20331 Leitersburg Pike Hagerstown, MD 21742-1452

    View on Map
    • Auto shops
    • 3,800 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US40-1339843
    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

    • Tikos autobody & repair / Auto Repair Shop
    • LifeSafer Ignition Interlock / Building Supply / General Contractor

    Property Details for 20331 Leitersburg Pike

    Construction
    BRICK
    Lot size
    1.04 lot acres
    Property size
    3,800 SF
    Zone code
    RB-E
    Property type
    Auto shops
    APN
    09-009299
    APU
    9009299

    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
    -77.6608
    Latitude
    39.6861
    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
    $2,023
    $0.00
    $0.00
    $194,533
    -
    $156,000
    $43,000
    $199,000

    Comparable in this City

    • Value Estimation
      $3,055,000
      103,719 SF

      14523 Industry Metal Bric Dr

      AUTO REPAIR, GARAGE • 103,719 SF
      14523 Industry Metal Bric Dr, Hagerstown, MD 21742
      View Details
    • Value Estimation by Request
      4,700 SF

      407 Sullivan Rd

      AUTO REPAIR, GARAGE • 4,700 SF
      407 Sullivan Rd, Hagerstown, MD 21742-4221
      View Details
    • Value Estimation
      $790,000
      10,152 SF

      19912 Leitersburg Pike, Unit 19934

      AUTO REPAIR, GARAGE • 10,152 SF
      19912 Leitersburg Pike, Hagerstown, MD 21742-1446
      View Details
    • Value Estimation by Request
      5,608 SF

      14133 Pennsylvania Ave

      AUTO REPAIR, GARAGE • 5,608 SF
      14133 Pennsylvania Ave, Hagerstown, MD 21742-2346
      View Details
    • Value Estimation
      $1,510,000
      11,940 SF

      18304 Peak Cir

      AUTO REPAIR, GARAGE • 11,940 SF
      18304 Peak Cir, Hagerstown, MD 21742-2370
      View Details
    • Value Estimation by Request
      3,600 SF

      21332 Leitersburg Pike

      AUTO REPAIR, GARAGE • 3,600 SF
      21332 Leitersburg Pike, Hagerstown, MD 21742-4880
      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
    • $399,900
      3,702 SF

      HAGERSTOWN Mixed-Use Building For Sale

      Two-unit building with commercial space and residential apartment.
      1305 Pennsylvania Ave, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      25,025 SF

      Rosewood Commons: Hagerstown Retail Center

      High-traffic retail plaza, 9 tenants, 25,025 SF
      11205 John F Kennedy Dr, Hagerstown, MD 21742
      View Details
    • $385,000
      1,379 SF

      Hagerstown Commercial Condo For Sale

      1379 sq ft commercial condo in thriving medical corridor.
      11236 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $385,000
      1,379 SF

      HAGERSTOWN Commercial Space For Sale

      1,379 sq ft commercial condo in thriving medical corridor.
      11236 Robinwood Dr, Hagerstown, MD 21742
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,706 SF

      Retail Space on Northern Avenue

      Retail space available in high-growth area near shopping center.
      1505-1583 Potomac Ave, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      1,635 SF

      Retail Space in Anchored Center

      Retail space available in Weis and Lowe’s anchored shopping center.
      12813-12817 Shank Farm Way, Hagerstown, MD 21742
      View Details
    • Contact for pricing

      Hagerstown Office and Retail Spaces

      Flexible office and retail spaces available for immediate lease.
      12803 Oak Hill Ave, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      2,440 SF

      Retail Space in Anchored Center

      Retail space available in Weis and Lowe’s anchored shopping center.
      12810 Potomac Ave, Hagerstown, MD 21742
      View Details
    • $18 SF/Yr
      4,200 SF

      Hagerstown Retail Space Available

      Retail space available for lease in Hagerstown, Maryland.
      535 Northern Ave, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      1,897 SF

      Retail Space in Anchored Center

      Retail space available in shopping center with strong visibility.
      12814 Shank Farm Way, 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.
    20331 Leitersburg Pike
    Hagerstown, MD 21742-1452
    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
    20331 Leitersburg Pike, 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!