1150 Opal CtHagerstown, MD 21740
- Healthcare properties
- 5,850 SF
Property Details for 1150 Opal Ct
- Year built
- 2000
- Construction
- BRICK
- Lot size
- 0.99 AC
- Property size (Sq ft)
- 5,850 SF
- Zone code
- POM
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 17-027212
- APU
- 17027212
Description
This exceptional 5,850-square-foot medical office building presents a unique investment opportunity in Hagerstown, Maryland. Located at 1150 Opal Ct, 21740, this property boasts a prime location just off Eastern Blvd. and Dual Highway, offering convenient access to Meritus Hospital and the Robinwood Medical complex via the newly constructed bridge on Professional Blvd. Built circa 2000, the building features a distinctive custom brick exterior with arched windows and a hip-style roof incorporating centralized skylights. Currently configured for retina specialists, the adaptable floor plan includes two reception areas and is well-suited for a variety of medical or professional uses. The building is in excellent condition and offers an innovative layout. An offering memorandum is available upon request. The asking price is $1,750,000, translating to $299.15 per square foot. Estimated possession is July 31, 2024. This property represents a rare chance to acquire a high-quality medical office building in a thriving healthcare market. The building's attractive features, strategic location, and strong potential for future growth make it an ideal investment for discerning buyers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,392,360
- 6.5%
- $1,285,255
- 7%
- $1,193,451
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,169,649
- Geo Method
- $1,169,649
-
Alternative Use
- Use
- Valuation
- Residential
- $1,593,717
- Hospitality
- $1,459,836
- Educational
- $1,214,566
- Medical
- $1,256,337
- Retail
- $1,889,325
Location Insight
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Latitude
- 39.6355
- Longitude
- -77.6933
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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