Financial
Distress signals
Property profile

227 Prospect St Hagerstown, MD 21740

OFF-MARKET
Manufacturing properties
Property ID
US40-0105929
72,375 SF 1.52 ac lot
Last sale Jan 2023 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial property provides a mix of creative spaces, studios, and office units, with suite sizes ranging from approximately 325 to 3,000 square feet. The building offers private parking and access control for occupants, and the space is configured to support a variety of office or studio uses. The property is located at 227 N Prospect St in Hagerstown, Maryland (21740).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$1.21M
Effective rate0.92%

Value estimate

· Sep 2026
$680k
$612k – $748k
Submarket $/SF estimate$680k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IR
IR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residenti...
General categoryINDUSTRIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.2
Tailor Shop9.5
Locksmith9.4

Location

227 Prospect St Hagerstown, MD 21740-3724
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
910 Eldridge, Hagerstown, MD 21740-6842 $725,000 Jul 2022 24,520 SF
560 Western Maryland, Hagerstown, MD 21740-5125 $25,000,000 Apr 2022 36,000 SF
18038 Oak Rdg, Hagerstown, MD 21740-2373 $1,622,716 Nov 2020 72,000 SF
240 Prospect, Hagerstown, MD 21740-3725 $350,000 Jun 2020 18,014 SF
775 Frederick, Hagerstown, MD 21740-6816 $785,500 Jun 2019 119,536 SF
747 Bowman, Hagerstown, MD 21740-6808 $341,172 Feb 2019 46,092 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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