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Property profile & analytics
OFF-MARKET
Estimated value
$5,395,000
Distribution centers
11743 Hopewell Rd Hagerstown, MD 21740-2184
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US40-1297278
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
67,830 SF
Lot
12.56 ac (547,114 SF)
Zoning code
IG
APN
24-005380
UPID
US40-1297278
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
-
Wantz Distributors Inc Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.20M
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$5.40M
Owner & transaction history
Alcar LLC · 23 yrs held
Alcar LLC
since 2002
7 recorded transactions
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,790,000
6.5%
$7,195,000
7%
$6,680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,575,000
Current use
COMMERCIAL (GENERAL)
$8,545,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$5.40M
Range $4.86M – $5.93M · ±10%
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
$59,573
Tax year 2023
Assessed value
$5,728,200
Assessed 2023
Previous assessed
$5,728,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,056,000
Assessed improvement
$4,672,200
Land market value
$1,056,000
Improvement market value
$4,672,200
Total market value
$5,728,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
67,830 SF
Lot
12.56 ac (547,114 SF)
Zoning code
IG
APN
24-005380
UPID
US40-1297278
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
$4.6M
COMMERCIAL (GENERAL)
Est. value
$8.5M
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
2004
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
12.56 ac
Current owner
From public records · entity-resolved
Alcar LLC
Entity
Mailing address
13205 WOODBINE LN, HAGERSTOWN, MD 21742-2631
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2010
—
Alcar LLC
—
Deed Of Trust
related
$1,500,000 · Susquehanna Bank
Aug 16, 2005
—
Alcar LLC
—
Deed Of Trust
related
$8,302,000 · Susquehanna Bank
Dec 20, 2002
$314,000
Alcar LLC
Hagerstown Washington County
Grant Deed
$2,750,000 · Farmers & Merchants Bk & Tr
—
—
Alcar LLC
—
Deed Of Trust
related
$600,000 · Susquehanna Bank
—
—
Alcar LLC
—
Deed Of Trust
related
$525,000 · Susquehanna Bank
—
—
Alcar LLC
—
Deed Of Trust
related
$1,500,000 · Susquehanna Bank
—
—
Wantz Distributors INC
—
Deed Of Trust
related
$1,500,000 · Susquehanna 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.
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