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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Office Spaces
11110 Medical Campus Rd 5388 Hagerstown, MD 21742-6700
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0731102
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Total area
5,388 SF
Lot
0.12 ac (5,388 SF)
Zoning code
RS
APN
18-042363
UPID
US40-0731102
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
-
Robinwood Dental Center: Munn Annalisa Dental Office
-
Dr. Rosemarie G. Sheline, DDS Dental Office
-
Meritus Physical Therapy Physician
-
Meritus Cosmetic & Plastic Surgery Medical Clinic
-
Dr. Salvatore Dimercurio, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$1.70M
Owner & transaction history
Meritus Medical Center INC · 4 yrs held
Meritus Medical Center INC
since 2022
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
RS · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,470,000
Current use
RESTAURANT
$1,415,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Feb 11 2022)
Last sale anchor
$1.70M
Feb 11 2022
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
$315 / 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
Assessed value
$1,523,000
Assessed 2023
Previous assessed
$1,435,000
+6.1% YoY
Land market value
$483,300
Improvement market value
$1,127,700
Total market value
$1,611,000
Applied tax rate
18.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Units
1
Total area
5,388 SF
Lot
0.12 ac (5,388 SF)
Zoning code
RS
APN
18-042363
UPID
US40-0731102
Jurisdiction
WASHINGTON
Zoning & alternative use
RS · Hagerstown, MD
Zoning RS · permitted uses
RS · 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
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
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
Heating
NONE
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Meritus Medical Center INC
Entity
Mailing address
11110 MEDICAL CAMPUS RD STE #229, HAGERSTOWN, MD 21742-6727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
$1,700,000
Meritus Medical Center INC
Bones LLC
Deed
—
Jan 4, 2013
$1,077,000
Bones LLC
Flying Monkey LLC
Grant Deed
$1,077,600 · Susquehanna Bank
Sep 29, 2010
—
Flying Monkey LLC
Washington Cnty Hospital Endow
Grant Deed
related
—
May 6, 2005
$871,020
Flying Monkeys LLC
Washington County Hospital Endow
Grant Deed
$889,020 · Susquehanna Bank
—
—
Flying Monkey LLC
—
Deed Of Trust
related
$347,983 · Susquehanna Bank
—
—
Bones LLC
—
Deed Of Trust
related
$863,000 · 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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