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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
1701 Howell Rd Hagerstown, MD 21740-6638
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US40-1549351
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
4,704 SF
Lot
4.29 ac (186,872 SF)
Zoning code
IMU
APN
17-031880
UPID
US40-1549351
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
-
Ali Jamal F MD Physician Medical Clinic
-
Tristate Neurology Center Medical Clinic
-
Weightloss & Sleep Disorder Center of Maryland Weight Loss Service
-
Raghad Jalil Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$890k
Owner & transaction history
Makia LLC · 20 yrs held
Makia LLC
since 2006
5 recorded transactions
Zoning & alternative use
IMU · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$775,000
+6.3%
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
MEDICAL BUILDING
$725,000
Current use
COMMERCIAL (GENERAL)
$775,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$585,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$189 / 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
$8,738
Tax year 2023
Assessed value
$954,933
Assessed 2023
Previous assessed
$954,300
+0.1% YoY
Effective rate
0.92%
On assessed value
Land market value
$729,300
Improvement market value
$226,900
Total market value
$956,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
4,704 SF
Lot
4.29 ac (186,872 SF)
Zoning code
IMU
APN
17-031880
UPID
US40-1549351
Jurisdiction
WASHINGTON
Zoning & alternative use
IMU · Hagerstown, MDZoning IMU · permitted uses
IMU · 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
MEDICAL BUILDING Current
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$775,000
OFFICE BUILDING
Est. value
$585,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
4.29 ac
Current owner
From public records · entity-resolved
Makia LLC
Entity
Mailing address
1701 HOWELL RD, HAGERSTOWN, MD 21740-6638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Nov 24, 2010
—
Makia LLC
—
Grant Deed
related
$1,300,000 · Susquehanna Bank
May 10, 2006
—
Makia LLC
Hussain,makia
Quit Claim Deed
related
—
Dec 2, 2005
$536,250
Makia R Hussain
Gardes Investments Ltd
Grant Deed
$348,563 · Hagerstown Trust Co
—
—
Makia LLC
—
Deed Of Trust
related
$225,000 · Hagerstown Trust Co
—
—
Makia LLC
—
Deed Of Trust
related
$263,440 · Hagerstown Trust Co
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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