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Property profile & analytics
OFF-MARKET
Estimated value
$5,215,000
Distribution centers
16777 Halfway Blvd Hagerstown, MD 21740-8024
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US40-1342909
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2013
Total area
61,205 SF
Lot
9.13 ac (397,703 SF)
Zoning code
HI
APN
24-009912
UPID
US40-1342909
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
-
Transteck, Inc. Freightliner & Western Star of Hagerstown Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$5.22M
Owner & transaction history
Jdoliver LLC · 14 yrs held
Jdoliver LLC
since 2012
2 recorded transactions
Zoning & alternative use
HI · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+86.8%
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%
$7,030,000
6.5%
$6,490,000
7%
$6,025,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,125,000
Current use
COMMERCIAL (GENERAL)
$7,710,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$5.22M
Range $4.69M – $5.74M · ±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
$85 / 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
$60,590
Tax year 2023
Assessed value
$5,826,000
Assessed 2023
Previous assessed
$5,826,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,369,500
Assessed improvement
$4,456,500
Land market value
$1,369,500
Improvement market value
$4,456,500
Total market value
$5,826,000
Applied tax rate
24.0000
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
61,205 SF
Lot
9.13 ac (397,703 SF)
Zoning code
HI
APN
24-009912
UPID
US40-1342909
Jurisdiction
WASHINGTON
Zoning & alternative use
HI · Hagerstown, MDZoning HI · permitted uses
HI · 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
WAREHOUSE, STORAGE Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$7.7M
WAREHOUSE, STORAGE Current
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
9.13 ac
Current owner
From public records · entity-resolved
Jdoliver LLC
Entity
Mailing address
4303 LEWIS RD, HARRISBURG, PA 17111-2539
Ownership since
2012
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
May 13, 2022
—
Jdoliver LLC
—
Deed
related
$4,150,987 · Fulton Bank NA
Jun 8, 2012
$1,095,600
Jdoliver LLC
2004 Halfway Boulevard LLC
Grant Deed
$821,700 · Fulton Bank
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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