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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
138 Main St, Sharpsburg, MD 21782
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-1378233
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1863
Total area
3,344 SF
Lot
0.93 ac (40,438 SF)
Zoning code
U
APN
01-005278
UPID
US40-1378233
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
-
Antietam's Jacob Rohrbach Inn Bed & Breakfast Restaurant
-
Antietam Mercantile Company (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$640k
Owner & transaction history
138 W Main Street LLC · 11 yrs held
138 W Main Street LLC
since 2015
4 recorded transactions
Zoning & alternative use
U · Sharpsburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$695,000
+65.6%
Retail stores
$505,000
+20.1%
Auto repair, garage
$485,000
+15.4%
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 Sharpsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sharpsburg 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
by Request
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Current use
OFFICE BUILDING
$695,000
Change: +66% · Conversion: Easy
RETAIL STORES
$505,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$485,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$191 / 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
$4,474
Tax year 2023
Assessed value
$489,000
Assessed 2023
Previous assessed
$489,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$39,100
Assessed improvement
$449,900
Land market value
$39,100
Improvement market value
$449,900
Total market value
$489,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1863
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
5
Total area
3,344 SF
Lot
0.93 ac (40,438 SF)
Zoning code
U
APN
01-005278
UPID
US40-1378233
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Sharpsburg, MD
Zoning U · permitted uses
U · Sharpsburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sharpsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$420,000
OFFICE BUILDING
Est. value
$695,000
RETAIL STORES
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$485,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1863
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
5
Lot
0.93 ac
Current owner
From public records · entity-resolved
138 W Main Street LLC
Entity
Mailing address
138 W MAIN ST, SHARPSBURG, MD 21782
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2019
—
138 W Main Street LLC
—
Deed
related
$25,000 · Jefferson Security Bank
Feb 20, 2015
$500,000
138 W Main Street LLC
Paul J Breitenbach
Deed
$425,000 · Jefferson Security Bank
—
—
Paul J Breitenbach
—
Deed Of Trust
related
$100,000 · Sovereign Bank
—
—
Paul J Breitenbach
—
Deed Of Trust
related
$50,000 · Waypoint 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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