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Property profile & analytics
FOR LEASE
Community centers
1580 Wesel Blvd Hagerstown, MD 21740
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0078534
For Lease
1 / 2
$1,475,000
1580 Wesel Blvd, Hagerstown, MD 21740
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Construction
BRICK
Total area
87,606 SF
Lot
12.45 ac (542,322 SF)
Zoning code
CR
APN
03-027805
UPID
US40-0078534
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
-
ATM Atm
-
Shahin Vohara Dental Office
-
Dr. Latoya Ambrose Dental Office
-
Dr. Saeed Tofigh Dental Office
-
Min Kim Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.48M
Owner & transaction history
Standard Insurance Company · 2 yrs held
Standard Insurance Company
since 2024
4 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
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$17 / 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
$52,430
Tax year 2023
Assessed value
$5,730,000
Assessed 2023
Previous assessed
$5,730,000
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$3,237,000
Assessed improvement
$2,493,000
Land market value
$3,237,000
Improvement market value
$2,493,000
Total market value
$5,730,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1992
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
87,606 SF
Lot
12.45 ac (542,322 SF)
Zoning code
CR
APN
03-027805
UPID
US40-0078534
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
1992
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
12.45 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
10265 NE TANASBOURNE DR, HILLSBORO, OR 97124-7834
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
Standard Insurance Company
Valley Park Owner LLC
Assignment Of Deed
$12,000,000 · Standard Insurance Co
Jan 24, 2014
$12,720,000
Valley Park Owner LLC
Ddr Southeast Valley Park LLC
Grant Deed
$9,850,000 · German American Cap
Apr 3, 2003
$11,375,000
Southeast Valley Park Inland
Us Retail Income Fund IV LP
Grant Deed
—
—
—
Southeast Valley Park Inland
—
Deed Of Trust
related
$6,770,000 · Bear Stearns Commercial Mtg
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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