Financial
Distress signals
Property profile

16 W Franklin St Hagerstown, MD 21740

FOR SALE
Office buildings
Property ID
US40-1497464
12,792 SF 0.11 ac lot Built 1907
Last sale Nov 2019 · $465,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A historically significant, three-story Renaissance Revival building constructed circa 1907 and dedicated in 1908, built of brick and stone and recognized as a landmark and listed on the National Register of Historic Places. The façade features monumental pilasters spanning two stories and an ornate modillioned cornice with dentil detailing and decorative corner pendants. The building contains approximately 12,792 square feet and includes an interior with an original staircase, wood floors,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$438k
Effective rate0.91%

Value estimate

· Sep 2026
$440k
$396k – $484k
Submarket $/SF estimate$777k
NOI build-up
Gross scheduled income$232k
Vacancy & credit loss−$28k
Operating expenses−$77k
NOI · 18.38% cap applied$128k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$61 – $380

Cap rate analysis

How does the asset earn?
18.38%
$128k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CCMU
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop10.8
Dental Office10.7
Tailor Shop10.3

Location

16 W Franklin St Hagerstown, MD 21740
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
49 Smt, Hagerstown, MD 21740-5516 $265,000 Jan 2025 4,725 SF
1110 Opal, Hagerstown, MD 21740-5942 $1,250,000 Jan 2025 12,500 SF
108 Western Maryland, Hagerstown, MD 21740-5116 $5,570,000 Oct 2024 23,200 SF
1130 Opal, Hagerstown, MD 21740-5940 $830,000 Jun 2024 3,996 SF
125 Washington, Hagerstown, MD 21740-6684 $120,000 Dec 2023 7,887 SF
927 Potomac, Hagerstown, MD 21740-8033 $465,000 Jun 2023 4,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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