Back to Search
Property profile & analytics
FOR SALE
Investment properties
144 Fairground Ave Hagerstown, MD 21740
Entity Owned
Free & Clear
Property ID
US40-0865491
For Sale
1 / 6
$234,500
144 Fairground Ave, Hagerstown, MD 21740
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1908
Total area
2,160 SF
Lot
0.08 ac (3,360 SF)
Zoning code
RMED
APN
22-014501
UPID
US40-0865491
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$195k
Owner & transaction history
Mottola Enterprises LLC
Mottola Enterprises LLC
since 2026
Last sale
$215,000
6 recorded transactions
Zoning & alternative use
RMED · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide areas for medium density residential development.
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
1,050.66 ac
Source
Realmo
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
$195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$195k
Range $176k – $215k · ±10% · vs last sale $215k (Mar 11 2022)
Last sale anchor
$215k
Mar 11 2022
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
$90 / 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
$921
Tax year 2023
Assessed value
$100,633
Assessed 2023
Previous assessed
$91,800
+9.6% YoY
Effective rate
0.92%
On assessed value
Land market value
$40,000
Improvement market value
$78,300
Total market value
$118,300
Applied tax rate
30.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1908
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
2,160 SF
Lot
0.08 ac (3,360 SF)
Zoning code
RMED
APN
22-014501
UPID
US40-0865491
Jurisdiction
WASHINGTON
Zoning & alternative use
RMED · Hagerstown, MDZoning RMED · permitted uses
RMED · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide areas for medium density residential development.
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
1,050.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1908
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mottola Enterprises LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 622, MIDDLETOWN, MD 21769-0622
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
$245,000
Mottola Enterprises LLC
Noz Properties LLC
Deed
—
Mar 11, 2022
$215,000
Noz Properties LLC
Gladys Ruth Douglas
Deed
$172,000 · The Ronald Henry Taubman Trust And
Apr 12, 2019
—
Gladys Douglas
—
Deed
related
$80,000 · Patriot FCU
Nov 22, 2000
$85,000
Jeffrey Souders
Tagg,miriam R
Grant Deed
$68,000 · Fcnb Bank
—
—
Gladys Douglas
—
Deed Of Trust
related
$80,000 · Patriot FCU
—
—
Gladys R Souders
—
Deed Of Trust
related
$92,000 · 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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
