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Property profile & analytics
OFF-MARKET
Estimated value
$12,790,000
Medical Office Space
13 Western Maryland Pkwy, Hagerstown, MD 21740-6474
Trust Owned
5-yr Hold
Free & Clear
Property ID
US40-1003268
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
42,612 SF
Lot
4.64 ac (202,118 SF)
Zoning code
ORT
APN
24-010007
UPID
US40-1003268
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
-
Charles Rinehart Physician
-
Ragan Lynn Shaw Physician
-
Derek Lee Fogle Physician
-
7360 Guilford Dr Frederick MD Association Or Organization
-
Kelly Slocum Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.23M
CAP Approach
CAP
$7.84M
Comparable Approach
Comparable
$9.30M
Blend (final)
Blend
$12.79M
Owner & transaction history
Trust Hagerstown Mob LLC · 5 yrs held
Trust Hagerstown Mob LLC
since 2020
Last sale
$16.9M
3 recorded transactions
Zoning & alternative use
ORT · 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
$17,560,000
ML approach
$8,230,000
CAP Approach
CAP Return
Estimation
6%
$8,490,000
6.5%
$7,840,000
7%
$7,280,000
Blend value · Realmo final
$12.79M
Range $11.51M – $14.07M · ±10% · vs last sale $16.90M (Oct 29 2020)
Last sale anchor
$16.90M
Oct 29 2020
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
$300 / 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
$169,400
Tax year 2023
Assessed value
$16,288,500
Assessed 2023
Previous assessed
$13,709,067
+18.8% YoY
Effective rate
1.04%
On assessed value
Assessed land
$928,000
Assessed improvement
$15,360,500
Land market value
$928,000
Improvement market value
$15,360,500
Total market value
$16,288,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
42,612 SF
Lot
4.64 ac (202,118 SF)
Zoning code
ORT
APN
24-010007
UPID
US40-1003268
Jurisdiction
WASHINGTON
Zoning & alternative use
ORT · Hagerstown, MD
Zoning ORT · permitted uses
ORT · 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
2012
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.64 ac
Current owner
From public records · entity-resolved
Trust Hagerstown Mob LLC
Trust
Free & Clear · 5 yrs held
Mailing address
120 N LA SALLE STSE2900, CHICAGO, IL 60602-2424
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
$16,900
Trust Hagerstown Mob LLC
Tst Hagerstown Mob LLC
Grant Deed
—
May 10, 2017
$21,000,000
Tst Hagerstown Mob LLC
Western Marylant Pkey LLC
Deed
—
Jan 14, 2011
—
Western Md Parkway LLC
Parkway Neurosciences & Rehabi
Quit Claim Deed
$10,725,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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