Property profile

44 N Potomac St Hagerstown, MD 21740

FOR SALE
Office buildings
Property ID
US40-0671954
23,160 SF 0.22 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional executive office suite, located at 44 N Potomac St in Hagerstown, Maryland, presents a unique opportunity for a single tenant. The property is situated in Washington County, zip code 21740, offering a convenient and accessible location within the city. The suite encompasses a total of 1 square foot of meticulously maintained space, ideal for a small business or individual professional requiring a focused and efficient workspace. The building itself is an executive office building, ensuring a professional and prestigious environment. The single-tenant occupancy provides privacy and control over the space. This listing is for lease and represents an excellent chance to establish a presence in a thriving Hagerstown business community. The property's precise location at 39.6427587 latitude and -77.7189625 longitude offers easy access to local amenities and transportation networks. Further details regarding lease terms and conditions are available upon request. This is a rare opportunity to secure a highly desirable office space in a prime Hagerstown location. Inquire today to learn more about this exceptional offering.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction BRICK
Total area 23,160 SF
Lot 0.22 ac (9,406 SF)
Zoning code CCMU
APN 22-009613
UPID US40-0671954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Theater & Performing Art Venue
  • Juvenile Detention Center Prison
  • Psychotherapist

Location

44 N Potomac St Hagerstown, MD 21740
Hagerstown metro Census 500 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.92M

Owner & transaction history

since 2021
Last sale
$1.8M
4 recorded transactions
2021
$1.8M
2005
$1.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CCMU · Hagerstown, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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