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Property profile & analytics
OFF-MARKET
Estimated value
$8,375,000
Warehouses
12520 Greencastle Pike Hagerstown, MD 21740
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0098563
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
730,880 SF
Lot
88.9 ac (3,872,658 SF)
Zoning code
BL
APN
23-008092
UPID
US40-0098563
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
$8.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.38M
Owner & transaction history
Creekside Logistics Center Owners L · 5 yrs held
Creekside Logistics Center Owners L
since 2021
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
BL · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$10,820,000
ML approach
$8,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±10% · vs last sale $7.00M (Feb 9 2021)
Last sale anchor
$7.00M
Feb 9 2021
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
$11 / 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
$526,342
Tax year 2023
Assessed value
$50,609,800
Assessed 2023
Previous assessed
$49,845,767
+1.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$4,771,000
Assessed improvement
$45,838,800
Land market value
$4,771,000
Improvement market value
$45,838,800
Total market value
$50,609,800
Applied tax rate
23.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
730,880 SF
Lot
88.9 ac (3,872,658 SF)
Zoning code
BL
APN
23-008092
UPID
US40-0098563
Jurisdiction
WASHINGTON
Zoning & alternative use
BL · Hagerstown, MD
Zoning BL · permitted uses
BL · 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.
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
88.9 ac
Current owner
From public records · entity-resolved
Creekside Logistics Center Owners L
Individual
Mailing address
10100 E SANTA MONICA BLVD STE #1000, LOS ANGELES, CA 90067-4145
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Creekside Logistics Center Owner Ll
—
Deed
related
$32,000,000 · Bsp Odf II Finance LLC
Feb 9, 2021
$7,000,000
Creekside Logistics Center Owners L
Heritage Huyett LLC
Deed
$29,366,594 · Texas Capital Bank NA
Jun 30, 2017
—
Mcrand-huyetts LP
Heritage Huyett LLC
Grant Deed
—
Sep 24, 2004
$1,000,000
D & A Dev Corp
Powers,h L III
Grant Deed
$1,200,000 · Waypoint Bank
—
—
D & A Dev Corp
—
Deed Of Trust
related
$388,000 · Orrstown Bank
—
—
D & A Dev Corp
—
Deed Of Trust
related
$3,135,000 · Orrstown Bank
—
—
D & A Dev Corp
—
Deed Of Trust
related
$3,645,000 · Orrstown Bank
—
—
D & A Dev Corp
—
Deed Of Trust
related
$800,000 · Sovereign 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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