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Property profile & analytics

223 Prospect St Hagerstown, MD 21740

  • Office buildings
  • 43,788 SF
  • 0.35 lot acres
Value Estimation
$1,030,000
Last Sale
Aug 29, 2024
$985,000
Location Intelligence
Property ID
US40-0034907
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.

Current Use by Public Records

  • INTHELOOP LLC / Entertainment Agency
  • Streamline IT Solutions LLC / Computer Consultant
  • First Works Capital Solutions, LLC / Mortgage Lender
  • Eco Land Solutions, LLC / Civil Engineer / Engineering Consultant
  • Westview Business Center / Business Center / Corporate Office

Property Details for 223 Prospect St

Year built
1900
Lot size
0.35 lot acres
Property size
43,788 SF
Zone code
IR
Property type
Office buildings
APN
25-034597
APU
25034597

Description

This exceptional 750-square-foot office space is ideally situated at 223 N Prospect St in Hagerstown, Maryland, within Washington County. The property is available for lease as a single-tenant occupancy, presenting a fantastic opportunity for businesses seeking a move-in ready solution. Categorized as both Executive and Creative Office space, this versatile suite offers ample room for a variety of professional uses. The building's total square footage mirrors the available space, ensuring complete privacy and control. The address is conveniently located in Hagerstown, MD, zip code 21740, providing easy access to local amenities and transportation networks. This is a single-tenant space, eliminating the complexities of shared occupancy. The property's classification as both Executive and Creative Office space suggests a flexible layout adaptable to diverse business needs. The location in Washington County, Maryland, offers access to a thriving business community and a strong local workforce. This turnkey office suite is ready for immediate occupancy, minimizing setup time and allowing businesses to focus on their core operations. Interested parties are encouraged to inquire further to explore the possibilities this prime Hagerstown location offers. The property is easily accessible via its address at 223 N Prospect St. The 750 square feet provide a comfortable and efficient workspace. This is a single-tenant space, ideal for businesses seeking privacy and control over their office environment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $985,000
  • CAP approach

    CAP return
    Estimation
    6%
    $955,000
    6.5%
    $1,000,000
    7%
    $1,160,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,235,000
    Geo Method
    $1,020,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,140,000
    Retail
    $1,195,000
    Mixed-Use
    $1,080,000
    Hospitality
    $1,200,000
    Educational
    $955,000
    Residential Income
    $1,190,000
    Energy
    $1,220,000
    Income-Based Land
    $1,205,000
    Food Service
    $900,000

Location Insight

  • Map
  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.7223
Latitude
39.6469
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
$12,054
$0.00
$0.00
$1,318,200
-
$61,300
$1,257,700
$1,319,000
More about this property
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