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Property profile & analytics
OFF-MARKET
Estimated value
$17,505,000
Hospitals
14014 Marsh Pike, Hagerstown, MD 21742-1638
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0946207
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Construction
BRICK
Total area
78,042 SF
Lot
11 ac (479,160 SF)
Zoning code
RB-E
APN
27-006787
UPID
US40-0946207
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
-
Complete Care at Hagerstown Nursing Home
-
Phillip Gatchalian Physician
-
Lucille Bantugan Physician
-
Complete Care Hagerstown Nursing Home
-
Neeraj Kumar Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.51M
Owner & transaction history
Hagerstown Md Propco LLC · 3 yrs held
Hagerstown Md Propco LLC
since 2023
Last sale
$19.3M
5 recorded transactions
Zoning & alternative use
RB-E · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.1M
+0.1%
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
$17,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,550,000
6.5%
$14,355,000
7%
$13,330,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,070,000
Current use
RESTAURANT
$12,080,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,420,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$17.51M
Range $15.75M – $19.26M · ±10% · vs last sale $19.31M (Feb 3 2023)
Last sale anchor
$19.31M
Feb 3 2023
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
$224 / 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
$113,182
Tax year 2023
Assessed value
$10,882,900
Assessed 2023
Previous assessed
$10,882,900
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,860,000
Assessed improvement
$8,022,900
Land market value
$2,860,000
Improvement market value
$8,022,900
Total market value
$10,882,900
Applied tax rate
27.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
186
Total area
78,042 SF
Lot
11 ac (479,160 SF)
Zoning code
RB-E
APN
27-006787
UPID
US40-0946207
Jurisdiction
WASHINGTON
Zoning & alternative use
RB-E · Hagerstown, MD
Zoning RB-E · permitted uses
RB-E · 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
MEDICAL BUILDING Current
Est. value
$12.1M
RESTAURANT
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.4M
MEDICAL BUILDING Current
RESTAURANT
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
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
186
Lot
11 ac
Current owner
From public records · entity-resolved
Hagerstown Md Propco LLC
Entity
Mailing address
440 SYLVAN AVE STE #240, ENGLEWOOD CLIFFS, NJ 07632-2700
Ownership since
2023
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
Nov 12, 2024
—
Hagerstown Md Propco LLC
—
Deed
related
$23,500,000 · Customers Bank
Feb 3, 2023
$19,314,142
Hagerstown Md Propco LLC
Sabra Hagerstown LLC
Special Warranty Deed
$20,000,000 · Locust Point Private Credit Fund II
Dec 7, 2015
$58,850,000
Sabra Hagerstown LLC
Marsh Pike LLC
Special Warranty Deed
—
Dec 14, 2006
—
Marsh Pike LLC
Avalon Home INC
Grant Deed
related
—
—
—
Marsh Pike LLC
—
Deed Of Trust
related
$16,500,000 · Capmark 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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