223 ProspectHagerstown, MD 21740

  • Office properties
  • 43,788 SF
For Lease

Property Details for 223 Prospect

Year built
1900
Lot size
0.35 AC
Property size (Sq ft)
43,788 SF
Zone code
IR
Property type
Office properties
Property subtype
Office buildings
APN
25-034597
APU
25034597

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,421,993
    6.5%
    $9,620,301
    7%
    $8,933,137
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,754,973
    Geo Method
    $8,754,973
  • Alternative Use

    Use
    Valuation
    Residential
    $11,929,173
    Hospitality
    $10,927,059
    Educational
    $9,091,185
    Medical
    $9,403,844
    Retail
    $14,141,843
223 Prospect, Hagerstown, Maryland

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6469
Longitude
-77.7223
CBSA code
25180
CBSA name
HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $1,318,200
  • Tax year
    2023
  • Tax bill
    $12,054

FAQs

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