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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail residential properties
11850 Indian Ln Hagerstown, MD 21742-4206
Individually Owned
2-yr Hold
Property ID
US40-1459751
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1864
Total area
2,990 SF
Lot
11.93 ac (519,671 SF)
Zoning code
IMU
APN
22-066664
UPID
US40-1459751
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
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$625k
Owner & transaction history
Ryan L Daughtridge · 2 yrs held
Ryan L Daughtridge
since 2023
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
IMU · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+101.6%
Retail stores
$460,000
+13.7%
Auto repair, garage
$455,000
+12.9%
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
$550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$405,000
Current use
OFFICE BUILDING
$815,000
Change: +102% · Conversion: Easy
RETAIL STORES
$460,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Aug 31 2023)
Last sale anchor
$625k
Aug 31 2023
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
$209 / 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
$4,563
Tax year 2023
Assessed value
$498,733
Assessed 2023
Previous assessed
$468,200
+6.5% YoY
Effective rate
0.91%
On assessed value
Land market value
$219,600
Improvement market value
$340,200
Total market value
$559,800
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1864
Heating
HEAT PUMP
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
2,990 SF
Lot
11.93 ac (519,671 SF)
Zoning code
IMU
APN
22-066664
UPID
US40-1459751
Jurisdiction
WASHINGTON
Zoning & alternative use
IMU · Hagerstown, MD
Zoning IMU · permitted uses
IMU · 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
$405,000
OFFICE BUILDING
Est. value
$815,000
RETAIL STORES
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$455,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1864
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
11.93 ac
Current owner
From public records · entity-resolved
Ryan L Daughtridge
Individual
Mailing address
11850 INDIAN LN, HAGERSTOWN, MD 21742-4206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
Ryan L Daughtrige
—
Deed
related
$75,000 · Farmers & Merchants Trust Co
Aug 31, 2023
$625,000
Ryan L Daughtridge
The City Of Hagerstown
Deed
$750,000 · United Bank
Feb 16, 2007
—
Hazel C Watters
Watters,hazel C
Quit Claim Deed
related
—
—
—
Hazel C Watters
—
Deed Of Trust
related
$150,000 · Charter One 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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