New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,380,000
Warehouses
105 Enterprise Ln Hagerstown, MD 21740-3574
Entity Owned
5-yr Hold
Free & Clear
Property ID
US40-1286944
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
193,280 SF
Lot
30.55 ac (1,330,758 SF)
Zoning code
IG
APN
24-009734
UPID
US40-1286944
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
Current use
Occupant on record · Public records
-
Parker Plastics LLC Industrial Manufacturer Factory
-
Blue Seal Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
$20.50M
Comparable Approach
Comparable
$9.38M
Blend (final)
Blend
$15.38M
Owner & transaction history
Stag Industrial Holdings LLC · 5 yrs held
Stag Industrial Holdings LLC
since 2021
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.3M
+86.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hagerstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hagerstown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$9,995,000
CAP Approach
CAP Return
Estimation
6%
$22,205,000
6.5%
$20,495,000
7%
$19,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,035,000
Current use
COMMERCIAL (GENERAL)
$24,345,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$15.38M
Range $13.84M – $16.92M · ±10% · vs last sale $17.25M (Jul 9 2021)
Last sale anchor
$17.25M
Jul 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$106,003
Tax year 2023
Assessed value
$10,192,600
Assessed 2023
Previous assessed
$10,150,300
+0.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,742,100
Assessed improvement
$7,450,500
Land market value
$2,742,100
Improvement market value
$7,450,500
Total market value
$10,192,600
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
SPACE
Stories
1
Units
1
Total area
193,280 SF
Lot
30.55 ac (1,330,758 SF)
Zoning code
IG
APN
24-009734
UPID
US40-1286944
Jurisdiction
WASHINGTON
Zoning & alternative use
IG · Hagerstown, MD
Zoning IG · permitted uses
IG · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hagerstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$24.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
SPACE
Stories
1
Units
1
Lot
30.55 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1 FEDERAL ST FL #23, BOSTON, MA 02110-2031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$17,250,000
Stag Industrial Holdings LLC
105 Enterprise Lane LLC
Deed
—
Nov 26, 2019
—
105 Enterprise Lane LLC
—
Deed
related
$6,000,000 · Cibc Bank USA
Dec 1, 2014
$9,800,000
105 Enterprises Lane LLC
Pri INC
Special Warranty Deed
$7,840,000 · Wells Fargo Bank NA
Aug 21, 2012
$10,250,000
Pri INC
Mcc B LLC
Grant Deed
$6,300,000 · United Bank
Dec 13, 2005
$518,862
Mcc B LLC
Eb
Grant Deed
—
May 20, 2004
$200,000
Western Maryland Pkwy D Shaool
Eb LP
Grant Deed
—
Nov 21, 2002
$248,700
Eb LP
Washington County Board Commis
Grant Deed
—
—
—
Mcc B LLC
—
Deed Of Trust
related
$4,600,000 · Centra Bank INC
—
—
E B LP
—
Deed Of Trust
related
$2,800,000 · Fidelity Bank NA
—
—
Mcc B LLC
—
Deed Of Trust
related
$4,090,000 · Pnc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 105 Enterprise Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
