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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
110 Franklin St Hagerstown, MD 21740-4704
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1108429
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Construction
BRICK
Total area
3,660 SF
Lot
0.04 ac (1,947 SF)
Zoning code
CCMU
APN
25-012607
UPID
US40-1108429
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
-
BRAIDS BY TICIA Hair Salon
-
Menard Confident Multi Service LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
116 Franklin LLC · 2 yrs held
116 Franklin LLC
since 2024
Last sale
$743,000
7 recorded transactions
Zoning & alternative use
CCMU · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$630,000
+36.4%
Auto repair, garage
$565,000
+23.1%
Retail stores
$565,000
+22.4%
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
$745,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$555,000
7%
$520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
OFFICE BUILDING
$630,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$565,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$565,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $743k (Jan 23 2024)
Last sale anchor
$743k
Jan 23 2024
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
$204 / 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
$1,111
Tax year 2023
Assessed value
$121,367
Assessed 2023
Previous assessed
$121,367
+0.0% YoY
Effective rate
0.92%
On assessed value
Land market value
$50,000
Improvement market value
$71,500
Total market value
$121,500
Applied tax rate
30.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
5
Total area
3,660 SF
Lot
0.04 ac (1,947 SF)
Zoning code
CCMU
APN
25-012607
UPID
US40-1108429
Jurisdiction
WASHINGTON
Zoning & alternative use
CCMU · Hagerstown, MD
Zoning CCMU · permitted uses
CCMU · 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
COMMERCIAL (GENERAL) Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES
Est. value
$565,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
Construction
BRICK
Heating
BASEBOARD
Stories
3
Units
5
Lot
0.04 ac
Current owner
From public records · entity-resolved
116 Franklin LLC
Entity
Mailing address
7262 S ARCHLAW DR, CLIFTON, VA 20124-2128
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
$743,000
116 Franklin LLC
S D Miller
Deed
$378,373 · Nationwide Max LLC
Apr 6, 2017
—
Hagerstown,franklin 110-112 We Trust
Freedom Equity LLC
Warranty Deed
—
Mar 7, 2014
$103,000
Freedom Equity LLC
United Bank INC
Deed
—
Oct 18, 2013
$148,500
United Bk
Valerio,santo
Grant Deed
—
Aug 1, 2008
$270,000
Santo Valerio
Jensen Joint Project 2008 LLC
Grant Deed
$208,000 · Centra Bank INC
May 7, 2008
—
Jensen Joint Project 2008 LLC
Jbc LLC
Grant Deed
related
—
May 25, 2004
$141,100
Jensen Joint Project LLC
Pilot House Ltd Ptshp
Grant Deed
—
—
—
Freedom Equity LLC
—
Deed Of Trust
related
$137,200 · Middletown Vly Bk
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.
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