11236 Robinwood DrHagerstown, MD 21742

Property Details for 11236 Robinwood Dr

Lot size

2.02 AC

Zone code

BT

Property type

Commercial real estate

APN

18-048914

APU

18048914

Description

This exceptional Class A medical office building, the Varsity Professional Center, located at 11236 Robinwood Dr, Hagerstown, MD 21742, offers a prime opportunity for medical professionals seeking a prestigious location. The building boasts a total of 19,338 square feet and provides ample parking with 98 spaces for patients and staff. Currently, one suite is available for lease, encompassing a generous 9,800 square feet, ideal for a large practice or a multi-tenant arrangement. The building's "A" classification signifies its high-quality construction, modern amenities, and excellent condition. Its location in Hagerstown, Maryland, offers convenient access to major transportation routes and a thriving community. The multiple tenancy structure allows for flexibility and potential for collaboration with other medical professionals. This is a rare opportunity to secure a significant space in a highly sought-after medical office building. The property is easily accessible and well-maintained, providing a professional and welcoming environment for patients and staff alike. Interested parties are encouraged to inquire about lease terms and availability. The building's strategic location and substantial square footage make it an exceptional investment for long-term growth and success. Don't miss this chance to establish or expand your medical practice in this premier Hagerstown location.

• CAP approach

  CAP return

  Valuation

  6%

  $23,735,100

  6.5%

  $21,909,300

  7%

  $20,344,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,592,900

  Geo Method

  $17,592,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $42,370,300

  Retail / Commercial

  $21,876,900

  Mixed-Use / Specialty

  $21,916,800

  Hospitality / Lodging

  $16,233,100

  Office

  $21,909,300

  Institutional / Educational

  $22,826,700

  Residential Income

  $26,707,300

  Multifamily

  $31,377,700

  Automotive / Energy

  $19,565,800

  Parking / Income-Based Land

  $6,635,440

  Restaurant / Food Service

  $11,650,700

  Healthcare / Senior Housing

  $22,354,300

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6246

Longitude

-77.6724

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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