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    Property profile & analytics

    245 Potomac St Hagerstown, MD 21740-3809

    • Investment properties
    • 10,294 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Last Sale
    Jun 13, 2024
    $700,000
    Location Intelligence
    Property ID
    US40-0554840
    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

    • Photo Restorations and Graphic Design by Wertman Photography / Photography Service
    • Penny Mart / Convenience Store
    • wise appraisal services / Real Estate Appraiser

    Property Details for 245 Potomac St

    Year built
    1957
    Construction
    BRICK
    Lot size
    0.21 lot acres
    Property size
    10,294 SF
    Zone code
    RO
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    25-014383
    APU
    25014383

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $510,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $535,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $550,000
      Mixed-Use
      $475,000
      Hospitality
      $510,000
      Educational
      $550,000
      Residential Income
      $430,000
      Energy
      $435,000
      Income-Based Land
      $480,000
      Food Service
      $560,000

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7177
    Latitude
    39.6458
    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
    $4,233
    $0.00
    $0.00
    $462,667
    -
    $44,400
    $459,200
    $503,600

    Comparable in this City

    • Value Estimation by Request
      1,008 SF

      1422 Potomac St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      1422 Potomac St, Hagerstown, MD 21740-1473
      View Details
    • Value Estimation by Request
      1,152 SF

      11510 French Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,152 SF
      11510 French Ln, Hagerstown, MD 21740-1943
      View Details
    • Value Estimation by Request
      4,320 SF

      247 Jonathan St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,320 SF
      247 Jonathan St, Hagerstown, MD 21740
      View Details
    • Value Estimation by Request
      4,158 SF

      15 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,158 SF
      15 Washington St, Hagerstown, MD 21740-4803
      View Details
    • Value Estimation by Request
      3,088 SF

      234 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,088 SF
      234 Washington St, Hagerstown, MD 21740-5721
      View Details
    • Value Estimation by Request
      374 SF

      445 Musey Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 374 SF
      445 Musey Ave, Hagerstown, MD 21740-5092
      View Details

    Similar Nearby for Sale

    • $350,000
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      Hagerstown Mixed-Use Commercial Property

      Prime Location, Endless Potential, High ROI
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      Remodeled mixed-use property near Fairground Park with apartment and retail space.
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      Turnkey Triplex Investment Opportunity

      Fully occupied triplex in Hagerstown, MD, offering consistent rental income.
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      Fully occupied mixed-use property in revitalized downtown Hagerstown.
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    Similar Nearby for Lease

    • Contact for pricing
      13,300 SF

      Hagerstown Office Space - Prime Location

      Historic Office Building, Multiple Suites Available
      24 Jonathan St, Hagerstown, MD 21740
      View Details
    • $12 SF/Yr
      19,156 SF

      Downtown Hagerstown Office Space

      Class A Office Suites Available
      100 Antietam St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      10,000 SF

      Hagerstown Retail Space Available

      Flexible Retail/Office Space in Hagerstown, MD
      10301 Remington Dr, Hagerstown, MD 21740
      View Details
    • $1,500 /Mo
      9,583 SF

      HAGERSTOWN Office Space For Lease

      Office spaces available from 380 to 1,950 sq. ft.
      44 N Potomac St Unit, Hagerstown, MD 21740
      View Details
    • $700 /Mo
      5,663 SF

      HAGERSTOWN Retail Space For Rent

      Retail spaces available for lease in high-traffic HAGERSTOWN location.
      801 S Potomac St, Hagerstown, MD 21740
      View Details
    • $6,000 /Mo

      Turn Key Automotive Repair Facility

      Automotive repair facility for lease with equipment and utilities included.
      500 Maryland Ave, Hagerstown, MD 21740
      View Details
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    Hagerstown, MD 21740-3809
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    Realmo Value Estimation

    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.

    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.

    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
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