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    Property profile & analytics

    13015 Salem Ave Hagerstown, MD 21740-3551

    • Individual retail properties
    • 10,000 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimation
    $1,325,000
    Last Sale
    Jan 11, 2023
    $1,280,000
    Location Intelligence
    Property ID
    US40-1562638
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alliance Laundry Systems Distribution / Coin Operated Laundry Equipment Supplier
    • Spot Laundromat / Laundromat / Laundry
    • Western Union / Money Transfer Service / Money Order Service

    Property Details for 13015 Salem Ave

    Year built
    2008
    Lot size
    1.08 lot acres
    Property size
    10,000 SF
    Zone code
    CG
    Property type
    Individual retail properties
    APN
    25-042581
    APU
    25042581

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,295,000
      7%
      $1,195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,240,000
      Geo Method
      $1,385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,150,000
      Retail
      $1,425,000
      Mixed-Use
      $1,350,000
      Hospitality
      $1,355,000
      Educational
      $1,210,000
      Residential Income
      $1,425,000
      Energy
      $1,105,000
      Income-Based Land
      $1,130,000
      Food Service
      $1,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7452
    Latitude
    39.6694
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,816
    $0.00
    $0.00
    $854,167
    -
    $561,600
    $293,700
    $855,300

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      735 Chestnut St

      LAUNDROMAT (SELF-SERVICE) • 2,240 SF
      735 Chestnut St, Hagerstown, MD 21740
      View Details
    • Value Estimation
      $150,000
      2,002 SF

      812 Potomac St

      LAUNDROMAT (SELF-SERVICE) • 2,002 SF
      812 Potomac St, Hagerstown, MD 21740-6443
      View Details
    • Value Estimation by Request
      1,175 SF

      145 Church St

      LAUNDROMAT (SELF-SERVICE) • 1,175 SF
      145 Church St, Hagerstown, MD 21740-4729
      View Details
    • Value Estimation
      $260,000
      2,400 SF

      334 Potomac St

      LAUNDROMAT (SELF-SERVICE) • 2,400 SF
      334 Potomac St, Hagerstown, MD 21740-3820
      View Details
    • Value Estimation by Request
      1,350 SF

      632 Salem Ave

      LAUNDROMAT (SELF-SERVICE) • 1,350 SF
      632 Salem Ave, Hagerstown, MD 21740-4667
      View Details
    • Value Estimation by Request
      9,970 SF

      1018 Noland Dr

      GYM, HEALTH SPA • 9,970 SF
      1018 Noland Dr, Hagerstown, MD 21740-7110
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Property in Hagerstown

      Versatile commercial space for lease in a desirable Hagerstown location.
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      View Details
    • $1,025 /Mo
      23,087 SF

      Downtown Hagerstown Commercial Space Available

      Versatile commercial space for rent in downtown Hagerstown, Maryland.
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      View Details
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      Retail Space with Street Access

      Retail or professional services space with street access for rent.
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    • $2,999 /Mo

      Renovated Commercial Space in Hagerstown

      Fully renovated commercial space suitable for various businesses in downtown Hagerstown.
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    • New
      $3,999 /Mo
      10,019 SF

      Hagerstown Warehouse/Retail/Flex Space

      Spacious commercial property in downtown Hagerstown with office and warehouse space.
      132 E Washington St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      52,259 SF

      Hagerstown Premium Outlets Retail Space

      Regional shopping center with flexible retail and restaurant spaces available.
      100 Premium Outlets Blvd, Hagerstown, MD 21740
      View Details
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    Hagerstown, MD 21740-3551
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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