Property profile

1158 Luther Dr Hagerstown, MD 21740

OFF-MARKET
Assisted living facilities
Property ID
US40-1061898
29,405 SF 29.47 ac lot Built 1992
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1992
Construction BRICK
Total area 29,405 SF
Lot 29.47 ac (1,283,713 SF)
Zoning code RH
APN 17-022555
UPID US40-1061898

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home
  • Department Of Social Services

Location

1158 Luther Dr Hagerstown, MD 21740-7470
Hagerstown metro Census 602 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.37M

Owner & transaction history

since 2024
Last sale
$3.7M
4 recorded transactions
2024
Price N/A
2022
$3.7M
2009
Price N/A
1969
Price N/A

Zoning & alternative use

RH · Hagerstown, MD
Zoning description

The purpose of this zoning district is to provide areas for high density residential development. Also permitted are businesses of a type which serve nearby residents.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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