Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Reid Rd Hagerstown, MD 21742

    • Commercial real estate
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1611679
    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

    • Commercial real estate

    Property Details for Reid Rd

    Lot size
    1.83 lot acres
    Property type
    Commercial real estate
    APN
    27-026508
    APU
    27026508

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.6898
    Latitude
    39.7143
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,904 SF

      20122 Leitersburg Pike

      COMMERCIAL (GENERAL) • 1,904 SF
      20122 Leitersburg Pike, Hagerstown, MD 21742-1449
      View Details
    • Value Estimation by Request
      840,000 SF

      Pointe Dr

      Land • 840,000 SF
      0 Pointe Dr, Hagerstown, MD 21742
      View Details
    • Value Estimation by Request

      19638 Leitersburg Pike, Unit 5

      COMMERCIAL CONDOMINUIM
      19638 Leitersburg Pike, Hagerstown, MD 21742-1515
      View Details
    • Value Estimation by Request
      1.68 Acres

      1350 Lindsay Ln

      COMMERCIAL (GENERAL) • 1.68 Acres
      1350 Lindsay Ln, Hagerstown, MD 21742
      View Details
    • Value Estimation by Request
      6.47 Acres

      20222 Mt Aetna Rd

      COMMERCIAL (GENERAL) • 6.47 Acres
      20222 Mt Aetna Rd, Hagerstown, MD 21742-1100
      View Details
    • Value Estimation
      $830,000
      3,774 SF

      19908 Hayfield Ct19908-1992

      COMMERCIAL (GENERAL) • 3,774 SF
      19908 Hayfield Ct19908-1992, Hagerstown, MD 21742-6714
      View Details

    Similar Nearby for Sale

    • $285,000
      1.20 Acres

      Hagerstown Development Land Opportunity

      1.2-Acre Lot, Prime Location, PUD Zoning
      11325 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $1,500,000
      2.23 Acres

      Hagerstown Commercial Land - 2.23 Acres

      Prime Commercial Land, Hagerstown, MD
      11067 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $420,000
      3,650 SF

      Craftsman Multifamily Home in Hagerstown

      Impressive 1910 brick home with multigenerational living and income potential.
      831 Oak Hill Ave, Hagerstown, MD 21742
      View Details
    • $1,500,000

      Land Near Medical Campus

      Commercial land with signalized access, ideal for service or retail.
      11067 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • $265,000

      Land For Sale

      Land available for sale.
      20807 Emerald Dr, Hagerstown, MD 21742
      View Details
    • $299,900

      Hagerstown Specialty Property for Sale

      Specialty property available for purchase in Hagerstown, Maryland.
      26 Laurel St, Hagerstown, MD 21742
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,338 SF

      Varsity Professional Center: Medical Office Space

      Hagerstown, MD Medical Office Suite Available
      11236 Robinwood Dr, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      150,000 SF

      Hagerstown Warehouse Space

      Modern warehouse, 75,000-150,000 SF
      14735 Citicorp Dr, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      801,000 SF

      Hagerstown Warehouse: 801,000 SF

      Modern warehouse space, I-81 access.
      18245 Showalter Rd, Hagerstown, MD 21742
      View Details
    • Contact for pricing
      24,000 SF

      Hagerstown Medical Office Space

      Prime Medical Office Suites Available Now
      11205 John F Kennedy Dr, Hagerstown, MD 21742
      View Details
    • $21 SF/Yr
      36,155 SF

      HAGERSTOWN, MD - Office Space

      New construction office space suitable for medical or professional use.
      13316 Marsh Pike, Hagerstown, MD 21742
      View Details
    • Contact for pricing

      Hagerstown Business Park Land Parcels

      Master-planned business park with I-81 access and heavy utilities.
      18521 Showalter Rd, 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.
    Reid Rd
    Hagerstown, MD 21742
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.