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Property profile & analytics
OFF-MARKET
Estimated value
$4,945,000
Hotels
1650 Pullman Ln Hagerstown, MD 21740-7132
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1208068
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
91,026 SF
Lot
20.28 ac (883,397 SF)
Zoning code
A
APN
03-033171
UPID
US40-1208068
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
-
Homewood Suites by Hilton Hagerstown Hotel & Motel Vacation Rental
-
Homewood Suites Hagerstown Meetings Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.95M
Owner & transaction history
Bowman Tru LLC
Bowman Tru LLC
since 2026
7 recorded transactions
Zoning & alternative use
A · 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
Alternative Use
Use
Estimation
RETAIL STORES
$8,060,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,565,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,340,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±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
$54 / 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
$253,880
Tax year 2023
Assessed value
$27,746,500
Assessed 2023
Previous assessed
$28,850,400
-3.8% YoY
Effective rate
0.91%
On assessed value
Assessed land
$10,183,800
Assessed improvement
$17,562,700
Land market value
$10,183,800
Improvement market value
$17,562,700
Total market value
$27,746,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
5
Units
102
Total area
91,026 SF
Lot
20.28 ac (883,397 SF)
Zoning code
A
APN
03-033171
UPID
US40-1208068
Jurisdiction
WASHINGTON
Zoning & alternative use
A · Hagerstown, MDZoning A · permitted uses
A · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
4
Units
102
Lot
20.28 ac
Current owner
From public records · entity-resolved
Bowman Tru LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10228 GOVERNOR LN BLVD UNIT #3002, WILLIAMSPORT, MD 21795-4064
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Bowman Tru LLC
—
Deed
related
$12,500
Jan 29, 2026
—
Bowman Tru LLC
Bowman Railway LLC
Deed
—
Apr 23, 2025
—
Bowman Home2 LLC
—
Deed
related
$650,000 · The Bowman Group LLC
Oct 9, 2018
—
Bowman Home2 LLC
—
Deed
related
$8,700,000 · Revere Bank
May 26, 2017
$4,928
Board Of Cnty Commissioners Of
Bowman Railway LLC
Grant Deed
—
Dec 21, 2016
—
Bowman Group LLC
—
Deed
related
$26,000 · Fulton Bk NA
Dec 15, 2016
—
Wings Across America Real Est
—
Deed
related
$9,767,130 · Lake Forest Bk&tr
—
—
Bowman Railway LLC
—
Deed Of Trust
related
$6,500,000 · Susquehanna Bank
—
—
Wings Across America Real Est
—
Loan Modification
related
$9,767,130 · Lake Forest Bk&tr
—
—
Bowman Group LLC
—
Deed Of Trust
related
$26,000 · Fulton Bk NA
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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