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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
114 Franklin St Hagerstown, MD 21740-4730
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0943305
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
BRICK
Total area
3,738 SF
Lot
0.11 ac (4,920 SF)
Zoning code
CCMU
APN
25-010019
UPID
US40-0943305
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
$745k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$452k
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
$640,000
+36.4%
Auto repair, garage
$580,000
+23.1%
Retail stores
$575,000
+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%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$470,000
Current use
OFFICE BUILDING
$640,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$575,000
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
$199 / 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
$2,319
Tax year 2023
Assessed value
$253,467
Assessed 2023
Previous assessed
$253,467
+0.0% YoY
Effective rate
0.91%
On assessed value
Land market value
$60,000
Improvement market value
$193,800
Total market value
$253,800
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
Year built
1900
Construction
BRICK
Heating
BASEBOARD
Cooling
YES
Stories
3
Units
6
Total area
3,738 SF
Lot
0.11 ac (4,920 SF)
Zoning code
CCMU
APN
25-010019
UPID
US40-0943305
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
$470,000
OFFICE BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$580,000
RETAIL STORES
Est. value
$575,000
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
Year built
1900
Construction
BRICK
Heating
BASEBOARD
Cooling
Yes
Stories
3
Units
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
116 Franklin LLC
Entity
Mailing address
7262 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
9 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
Jul 21, 2020
—
Franklin 114-116 Hagerstown
S J Miller
Quit Claim Deed
related
—
Nov 14, 2019
—
S J Miller
West Hagerstown F 1 Trust
Grant Deed
—
Sep 9, 2019
—
West,hagerstown F 1 Trust
—
Deed
related
$190,000 · Middletown Vly Bk
Dec 21, 2016
—
Hagerstown,franklin 114-116 We Trust
—
Deed
$60,000 · Taris Investment LLC
Apr 23, 2007
$308,000
Taris Investment LLC
Faith Investors LLC
Grant Deed
$246,400 · Oba Bank
May 2, 2003
$189,000
Faith Investors LLC
Powell,samuel O & Patricia M
Grant Deed
$158,000 · Fredericktown Bank & Trust Co
—
—
Hagerstown,franklin 114-116 We Trust
—
Deed Of Trust
$60,000 · Taris Investment LLC
—
—
West,hagerstown F 1 Trust
—
Deed Of Trust
related
$190,000 · 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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