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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
13225 Cearfoss Pike Hagerstown, MD 21740-1612
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1377201
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
BRICK
Total area
2,788 SF
Lot
8 ac (348,480 SF)
Zoning code
BG
APN
13-007861
UPID
US40-1377201
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
-
Hoffman's Self Storage Stables Storage Facility
-
Hoffmans Quality Meats Specialty Food Shop Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$555k
Owner & transaction history
Roy L Hoffman & Sons INC · 2 yrs held
Roy L Hoffman & Sons INC
since 2024
5 recorded transactions
Zoning & alternative use
BG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$480,000
+11.5%
Auto repair, garage
$430,000
+0.5%
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
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
RETAIL STORES
$430,000
Current use
OFFICE BUILDING
$480,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$199 / 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
$27,976
Tax year 2023
Assessed value
$2,690,000
Assessed 2023
Previous assessed
$2,690,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$385,000
Assessed improvement
$2,305,000
Land market value
$385,000
Improvement market value
$2,305,000
Total market value
$2,690,000
Applied tax rate
13.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
3
Bathrooms
2
Total area
2,788 SF
Lot
8 ac (348,480 SF)
Zoning code
BG
APN
13-007861
UPID
US40-1377201
Jurisdiction
WASHINGTON
Zoning & alternative use
BG · Hagerstown, MD
Zoning BG · permitted uses
BG · 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
RETAIL STORES Current
Est. value
$430,000
OFFICE BUILDING
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$350,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1983
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Bathrooms
2
Lot
8 ac
Current owner
From public records · entity-resolved
Roy L Hoffman & Sons INC
Entity
Mailing address
13225 CEARFOSS PIKE, HAGERSTOWN, MD 21740-1612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Roy L Hoffman & Sons INC
—
Deed
related
$3,300,000 · Sandy Spring Bank
Oct 11, 2017
—
Roy L Hoffman & Sons INC
—
Deed
related
$3,593,837 · Branch Bk&tr
—
—
Roy L Hoffman & Sons INC
—
Deed Of Trust
related
$910,000 · Virginia Heritage Bank
—
—
Roy L Hoffman & Sons INC
—
Deed Of Trust
related
$3,900,000 · Virginia Heritage Bank
—
—
Roy L Hoffman & Sons INC
—
Deed Of Trust
related
$3,593,837 · Branch Bk&tr
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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