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    10307 Auto Pl Hagerstown, MD 21740-1431
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    Property profile & analytics

    10307 Auto Pl Hagerstown, MD 21740-1431

    View on Map
    • Auto shops
    • 4,320 SF
    • 10.21 lot acres
    Off-Market
    Property ID
    US40-1399703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hagerstown Kia / Car Dealership
    • Hagerstown Honda / Car Dealership
    • Hagerstown Kia Parts Department / Auto Parts Store
    • Hagerstown Kia Service Center / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 10307 Auto Pl

    Year built
    2007
    Construction
    BRICK
    Lot size
    10.21 lot acres
    Property size
    4,320 SF
    Zone code
    HI
    Property type
    Auto shops
    APN
    10-030307
    APU
    10030307

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,120,000
      Market price range: $192k - $1.12M
      AI Estimate
      $593,000
      Market price range: $121k - $594k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $670,000
      Current use
      OFFICE BUILDING
      $740,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $665,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $545,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.6769
    Latitude
    39.5979
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,802
    $1,707,300
    $2,792,900
    $4,500,200
    -
    $1,707,300
    $2,792,900
    $4,500,200

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      13121 Maugansville Rd

      AUTO REPAIR, GARAGE • 1,500 SF
      13121 Maugansville Rd, Hagerstown, MD 21740-2402
      View Details
    • Value Estimation
      $755,000
      6,600 SF

      119 Oak Rdg Dr

      AUTO REPAIR, GARAGE • 6,600 SF
      119 Oak Rdg Dr, Hagerstown, MD 21740-7485
      View Details
    • Value Estimation
      $1,700,000
      12,000 SF

      12630 Earth Care Rd

      AUTO REPAIR, GARAGE • 12,000 SF
      12630 Earth Care Rd, Hagerstown, MD 21740-2189
      View Details
    • Value Estimation by Request
      806 SF

      764 Frederick St

      AUTO REPAIR, GARAGE • 806 SF
      764 Frederick St, Hagerstown, MD 21740-6839
      View Details
    • Value Estimation
      $770,000
      5,920 SF

      11535 Hopewell Rd

      AUTO REPAIR, GARAGE • 5,920 SF
      11535 Hopewell Rd, Hagerstown, MD 21740-2109
      View Details
    • Value Estimation
      $2,470,000
      20,465 SF

      171 Edgewood 201st Dr

      AUTO REPAIR, GARAGE • 20,465 SF
      171 Edgewood 201st Dr, Hagerstown, MD 21740
      View Details

    Similar Nearby for Sale

    • $65,000

      Versatile Garage Space Opportunity

      Spacious garage ideal for storage, auto repair, or workshop.
      400 Howard St W, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      21,000 SF

      Renovated Auto Repair Facility

      Renovated auto repair facility with storage and exterior bays.
      90 W Lee St, Hagerstown, MD 21740
      View Details
    • $60,000

      Versatile Garage Space Opportunity

      Rare 1200 sq ft garage space for various uses.
      743 Guilford Ave, Hagerstown, MD 21740
      View Details
    • $3,431,000
      5,915 SF

      Hagerstown Investment Opportunity: Wawa Leasehold

      Single-tenant Wawa leasehold with long-term income potential.
      10304 Sharpsburg Pike, Hagerstown, MD 21740
      View Details
    • New
      $415,000
      1.32 Acres

      Hagerstown Land For Sale

      Paved lot suitable for car lot, fleet parking, or logistics.
      319 Antietam St E, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo

      Turn Key Automotive Repair Facility

      Automotive repair facility for lease with equipment and utilities included.
      500 Maryland Ave, Hagerstown, MD 21740
      View Details
    • $400 /Mo

      Private Garage with Off-Street Parking

      Secure garage with workshop space, suitable for storage or hobbies.
      20002 National Pike, Hagerstown, MD 21740
      View Details
    • $3,500 /Mo

      Downtown Hagerstown Retail/Office Space

      Former daycare suite in vibrant downtown Hagerstown, available immediately.
      20 Washington St W, Hagerstown, MD 21740
      View Details
    • Contact for pricing

      Hagerstown Warehouse and Retail Space

      10,000 SF warehouse/retail space available for quick occupancy.
      1023 W Washington St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      3,971 SF

      Retail Space in Hagerstown Center

      Retail space available in high-traffic Hagerstown power center.
      18019 Garland Groh Blvd, Hagerstown, MD 21740
      View Details
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    Hagerstown, MD 21740-1431
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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