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Property profile & analytics
OFF-MARKET
Retirement homes

16202 National Pike Hagerstown, MD 21740

1,616 SF Built 1970
Entity Owned 4-yr Hold
Property ID
US40-1242168
Property summary
AI-generated overview

This exceptional 1,616 square foot assisted living facility in Hagerstown, Maryland, presents a unique investment opportunity. Situated on a peaceful 3.35-acre lot, this fully upgraded property boasts modern, energy-efficient systems and resident-centric amenities. Recent capital improvements exceeding $700,000 include a new 400-amp electrical system, updated plumbing, a state-of-the-art HVAC system with central A/C, heating, and steam humidity control, and a newly approved $70,000 septic system. The facility features circadian lighting (excluding kitchen and bathrooms) for resident well-being, custom trim work, radiant bathroom heating, insulated flooring, and ADA-compliant design with widened halls, doors, and accessible bathrooms. All nine bedrooms include closets, and pre-installed plates allow for future heated floor upgrades. The exterior boasts low-maintenance, fully wrapped and painted trim. Approved for up to 9 residents, the property offers significant expansion potential with approved space for future development alongside the building. A basement with framed spaces for three offices provides flexibility for administrative use or service expansion. Only kitchen completion is needed for immediate operation. This low-maintenance property, built in 1970, is designed for operational efficiency, regulatory compliance, and long-term growth, making it an ideal investment for the senior living market or similar uses. The property is located at 16202 National Pike, Hagerstown, MD 21740.

Property profile
Verified
Property type Retirement homes
Year built 1970
Total area 1,616 SF
UPID US40-1242168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bettys Properties LLC · 4 yrs held
Bettys Properties LLC
since 2021
1 recorded transaction
2021
$305,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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