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Property profile & analytics
FOR LEASE
Outlet malls
1501 Wesel Blvd, Hagerstown, MD 21740
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-0914323
For Lease
1 / 2
$5,175,000
1501 Wesel Blvd, Hagerstown, MD 21740
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Construction
BRICK
Total area
71,721 SF
Lot
13.95 ac (607,662 SF)
Zoning code
CR
APN
03-027724
UPID
US40-0914323
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
-
Sammy Furniture of Hagerstown Furniture & Home Goods Home Decor Store
-
Big Lots Discount Store
-
Ashley Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$5.18M
Owner & transaction history
Santay Realty Of Hagerstown LLC · 15 yrs held
Santay Realty Of Hagerstown LLC
since 2010
6 recorded transactions
Zoning & alternative use
CR · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.18M
Range $4.66M – $5.69M · ±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
$72 / 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
$49,861
Tax year 2023
Assessed value
$5,449,333
Assessed 2023
Previous assessed
$5,196,600
+4.9% YoY
Effective rate
0.91%
On assessed value
Land market value
$2,427,300
Improvement market value
$3,527,500
Total market value
$5,954,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1991
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
71,721 SF
Lot
13.95 ac (607,662 SF)
Zoning code
CR
APN
03-027724
UPID
US40-0914323
Jurisdiction
WASHINGTON
Zoning & alternative use
CR · Hagerstown, MD
Zoning CR · permitted uses
CR · 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.
Building & site characteristics
From public records
Year built
1991
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
13.95 ac
Current owner
From public records · entity-resolved
Santay Realty Of Hagerstown LLC
Entity
Mailing address
7900 CEDARVILLE RD, BRANDYWINE, MD 20613-3018
Ownership since
2010
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
Sep 19, 2017
—
Santay Realty Of Hagerstown Ll
—
Deed
related
$4,481,070 · Eagle Bk
Oct 26, 2010
$2,700,000
Santay Realty Of Hagerstown LLC
Lci De LLC
Grant Deed
—
Oct 26, 2010
—
Thomas Mee
—
Deed Of Trust
related
$2,767,500 · Eagle Bank
—
—
Santay Realty Of Hagerstown LLC
—
Loan Modification
related
$4,992,000 · Eagle Bank
—
—
Santay Realty Of Hagerstown Ll
—
Loan Modification
related
$4,481,070 · Eagle Bk
—
—
Santay Realty Of Hagerstown LLC
—
Deed Of Trust
related
$1,937,250 · Eagle 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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