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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Auto shops
118 Hump Rd, Hagerstown, MD 21740-5136
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0689621
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
BRICK
Total area
6,000 SF
Lot
8.15 ac (355,014 SF)
Zoning code
IG
APN
24-000818
UPID
US40-0689621
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
-
M B Oil Co Factory Production Facility
-
Craig Paving, Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$640k
Owner & transaction history
Craig Paving INC · 5 yrs held
Craig Paving INC
since 2021
7 recorded transactions
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+10.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$930,000
Current use
OFFICE BUILDING
$1,030,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$925,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$755,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$107 / 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
$7,360
Tax year 2023
Assessed value
$708,033
Assessed 2024
Previous assessed
$708,033
+0.0% YoY
Effective rate
1.04%
On assessed value
Land market value
$496,000
Improvement market value
$212,700
Total market value
$708,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
2
Total area
6,000 SF
Lot
8.15 ac (355,014 SF)
Zoning code
IG
APN
24-000818
UPID
US40-0689621
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
AUTO REPAIR, GARAGE Current
Est. value
$930,000
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$755,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
2
Lot
8.15 ac
Current owner
From public records · entity-resolved
Craig Paving INC
Entity
Mailing address
118 HUMP RD, HAGERSTOWN, MD 21740-5136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 10, 2021
$350,000
Craig Paving INC
Roy D Zeger
Deed
$280,000 · Middletown Valley Bank
Dec 18, 2018
—
Craig Paving INC
—
Deed
related
$1,200,000 · Middletown Vly Bk
Apr 19, 2010
—
Craig Paving INC
—
Deed Of Trust
related
$1,750,000 · Tower Bank
—
—
Craig Paving INC
—
Loan Modification
related
$2,000,000 · Susquehanna Bk
—
—
Craig Paving INC
—
Deed Of Trust
related
$1,200,000 · Middletown Vly Bk
—
—
Craig Paving INC
—
Deed Of Trust
related
$350,000 · Tower Bank
—
—
Craig Paving INC
—
Deed Of Trust
related
$1,000,000 · Pnc 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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