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Property profile & analytics
FOR LEASE
Medical Office Space
17 Western Maryland Pkwy, Hagerstown, MD 21740
Trust Owned
5-yr Hold
Free & Clear
Property ID
US40-1015928
For Lease
1 / 2
$10,095,000
17 Western Maryland Pkwy, Hagerstown, MD 21740
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
25,865 SF
Lot
5.03 ac (218,889 SF)
Zoning code
ORT
APN
24-009890
UPID
US40-1015928
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
-
Sandip M Savaliya, MD Physician
-
Aaron R Probst, PA-C Physician
-
Kristen M Kivlen, PA-C Physician
-
Anver S Khan, DO Physician
-
Dr. Juliet Gyebi-Foster Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.10M
Owner & transaction history
Trust Hagerstown Mob LLC · 5 yrs held
Trust Hagerstown Mob LLC
since 2020
Last sale
$10.5M
5 recorded transactions
Zoning & alternative use
ORT · 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
$10,910,000
ML approach
$8,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.10M
Range $9.09M – $11.10M · ±10% · vs last sale $10.50M (Oct 30 2020)
Last sale anchor
$10.50M
Oct 30 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
$390 / 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
$104,621
Tax year 2023
Assessed value
$10,059,700
Assessed 2023
Previous assessed
$9,155,200
+9.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,256,200
Assessed improvement
$8,803,500
Land market value
$1,256,200
Improvement market value
$8,803,500
Total market value
$10,059,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
25,865 SF
Lot
5.03 ac (218,889 SF)
Zoning code
ORT
APN
24-009890
UPID
US40-1015928
Jurisdiction
WASHINGTON
Zoning & alternative use
ORT · Hagerstown, MD
Zoning ORT · permitted uses
ORT · 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.
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.03 ac
Current owner
From public records · entity-resolved
Trust Hagerstown Mob LLC
Trust
Free & Clear · 5 yrs held
Mailing address
120 N LA SALLE STSTE2900, CHICAGO, IL 60602-2424
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$10,500
Trust Hagerstown Mob LLC
Tst Hagerstown Mob LLC
Grant Deed
—
May 10, 2017
$7,886,300
Tst Hagerstown Mob LLC
Parkway Neurosciences & Rehabi
Grant Deed
—
Jan 3, 2017
—
Parkway Neursciences And Rehabilita
—
Deed
related
$4,902,000 · First United Bank
Dec 1, 2011
—
Board Of County Commissioners Cou
Parkway Neurosciences & Rehabi
Grant Deed
—
Jan 14, 2011
—
Neurosciences Parkway
—
Deed Of Trust
related
$5,699,900 · Susquehanna 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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