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Property profile & analytics
OFF-MARKET
Estimated value
$8,275,000
Warehouses
16604 Industrial Ln Williamsport, MD 21795-3127
Individually Owned
15-yr Hold
Free & Clear
Property ID
US40-0057276
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
BRICK
Total area
85,429 SF
Lot
15.37 ac (669,517 SF)
Zoning code
PI
APN
02-017113
UPID
US40-0057276
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
-
Amazon Locker - Resourceful Postal Service Courier Service
-
AMAZON DBA7 Courier Service Postal Service
-
Centre de tri amazon Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.06M
Comparable Approach
Comparable
$10.14M
Blend (final)
Blend
$8.28M
Owner & transaction history
Iit Hagerstown Industrial Lane Dc L · 15 yrs held
Iit Hagerstown Industrial Lane Dc L
since 2011
7 recorded transactions
Zoning & alternative use
PI · Williamsport, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.9M
+92.3%
Auto repair, garage
$12.4M
+84.8%
Commercial (general)
$10.8M
+60.1%
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 Williamsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamsport 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%
$9,815,000
6.5%
$9,060,000
7%
$8,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,715,000
Current use
RETAIL STORES
$12,915,000
Change: +92% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,405,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,755,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$8.28M
Range $7.45M – $9.10M · ±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
$97 / 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
$69,130
Tax year 2023
Assessed value
$6,647,100
Assessed 2023
Previous assessed
$6,501,200
+2.2% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,383,300
Assessed improvement
$5,263,800
Land market value
$1,383,300
Improvement market value
$5,263,800
Total market value
$6,647,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Total area
85,429 SF
Lot
15.37 ac (669,517 SF)
Zoning code
PI
APN
02-017113
UPID
US40-0057276
Jurisdiction
WASHINGTON
Zoning & alternative use
PI · Williamsport, MD
Zoning PI · permitted uses
PI · Williamsport, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.7M
RETAIL STORES
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$10.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1990
Construction
BRICK
Heating
SPACE
Stories
1
Units
2
Lot
15.37 ac
Current owner
From public records · entity-resolved
Iit Hagerstown Industrial Lane Dc L
Individual
Free & Clear · 15 yrs held
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
—
Ajref Hagerstown Dc LLC
—
Deed
related
$633,000,000 · Morgan Stanley Bank NA
Oct 30, 2019
—
Sif Hagestown Industrial Lane Dc Ll
—
Deed
related
$180,000 · Us Bank NA
Dec 14, 2011
—
Iit Hagerstown
—
Deed Of Trust
related
$100,000,000 · J P Morgan Chase Bank
Jun 24, 2011
$8,500,000
Iit Hagerstown Industrial Lane Dc L
16604 LLC
Deed
—
Oct 3, 2007
$9,150,000
16604 LLC
Industrial Lane Investors LLC
Grant Deed
$6,900,000 · American National Insurance Co
Feb 7, 2005
$5,000,000
Industrial Lane Investors LLC
Lenox INC
Grant Deed
—
—
—
Industrial Lane Investors LLC
—
Deed Of Trust
related
$4,150,000 · Wachovia Bank 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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