Trust Owned 
For Lease
1 / 22
$12,790,000
13 Western Maryland Pkwy, Hagerstown, MD 21740
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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
Current use
Occupant on record · Public records
-
Physician
-
Physician
-
Physician
-
Association Or Organization
-
Physician
Location
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
since 2020
Last sale
$16.9M
3 recorded transactions
Zoning & alternative use
ORT · Hagerstown, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.79M
Value range
$11.51M – $14.07M
±10% around blend
Estimated value / SF
$300 / SF
Confidence
Property data
100
Comparable evidence
60
$11.51M
blend $12.79M
$14.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,612 SF
Lot area
4.64 ac
Year built
2012
Stories
2
APN
24-010007
Zoning
ORT
Assessed value
$16,288,500
Annual tax
$169,400
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.84M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.49M
@ 6.5% CAP return
$7.84M
@ 7% CAP return
$7.28M
4
Sales comparison
Partial preview
Sales approach indication
$9.30M
Range $2.13M – $9.30M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$1.18M *
Last sale · Oct 2020
$16.90M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$40.79M
Move the market yield to see immediate price impact.
Value / SF
$957
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$1.06M
$44.36M
$36.71M
$31.31M
$1.18M
$49.29M
$40.79M
$34.79M
$1.30M
$54.22M
$44.87M
$38.27M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
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, MDZoning ORT · permitted uses
ORT · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2012
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ORT
Jurisdiction
Hagerstown, MD
Recorded code
ORT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ORT in Hagerstown, MD.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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