1150 Opal CtHagerstown, MD 21740

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

Medical offices

Property subtype

Medical centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,578,010

  6.5%

  $1,456,620

  7%

  $1,352,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,650

  Geo Method

  $1,169,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,816,950

  Retail / Commercial

  $1,454,460

  Mixed-Use / Specialty

  $1,457,120

  Hospitality / Lodging

  $1,079,240

  Institutional / Educational

  $1,517,610

  Residential Income

  $1,775,610

  Multifamily

  $2,086,120

  Automotive / Energy

  $1,300,810

  Parking / Income-Based Land

  $441,151

  Restaurant / Food Service

  $774,584

  Healthcare / Senior Housing

  $1,486,210

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

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