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Property profile & analytics
OFF-MARKET
Estimated value
$6,905,000
Distribution centers
16503 Hunters Grn Pkwy Hagerstown, MD 21740-2190
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-1177639
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2013
Total area
40,960 SF
Lot
11.8 ac (514,008 SF)
Zoning code
HI
APN
02-020610
UPID
US40-1177639
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
-
Old Dominion Freight Line Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.81M
CAP Approach
CAP
$4.35M
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$6.91M
Owner & transaction history
Old Dominion Freight Line INC · 6 yrs held
Old Dominion Freight Line INC
since 2020
Last sale
$6.9M
2 recorded transactions
Zoning & alternative use
HI · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.0M
+154.8%
Auto repair, garage
$6.4M
+129.9%
Retail stores
$6.3M
+128.6%
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
$7,120,000
ML approach
$6,805,000
CAP Approach
CAP Return
Estimation
6%
$4,705,000
6.5%
$4,345,000
7%
$4,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,040,000
Change: +155% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,350,000
Change: +130% · Conversion: Easy
RETAIL STORES
$6,315,000
Change: +129% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,160,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$6.91M
Range $6.21M – $7.60M · ±10% · vs last sale $6.85M (Jan 24 2020)
Last sale anchor
$6.85M
Jan 24 2020
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
$169 / 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
$65,808
Tax year 2023
Assessed value
$6,327,700
Assessed 2023
Previous assessed
$5,458,933
+15.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,770,000
Assessed improvement
$4,557,700
Land market value
$1,770,000
Improvement market value
$4,557,700
Total market value
$6,327,700
Applied tax rate
2.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2013
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
40,960 SF
Lot
11.8 ac (514,008 SF)
Zoning code
HI
APN
02-020610
UPID
US40-1177639
Jurisdiction
WASHINGTON
Zoning & alternative use
HI · Hagerstown, MD
Zoning HI · permitted uses
HI · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2013
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
11.8 ac
Current owner
From public records · entity-resolved
Old Dominion Freight Line INC
Entity
Free & Clear · 6 yrs held
Mailing address
500 OLD DOMINION WAY, THOMASVILLE, NC 27360-8923
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
$6,850,000
Old Dominion Freight Line INC
16503 Hunters Green LLC
Grant Deed
—
Jan 31, 2011
$275,000
16503 Hunters Green LLC
Tiger Dev II LP
Grant Deed
—
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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