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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Assisted living facilities
17165 Black Stallion Ln, Hagerstown, MD 21740-1891
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1901621
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
BRICK
Total area
13,291 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RB-E
APN
02-002590
UPID
US40-1901621
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Black Stallion Lane LLC · 1 yrs held
Black Stallion Lane LLC
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
RB-E · 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Oct 28 2024)
Last sale anchor
$650k
Oct 28 2024
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
$49 / 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
$3,186
Tax year 2023
Assessed value
$306,300
Assessed 2023
Previous assessed
$303,467
+0.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$120,500
Assessed improvement
$185,800
Land market value
$120,500
Improvement market value
$185,800
Total market value
$306,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
49
Total area
13,291 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RB-E
APN
02-002590
UPID
US40-1901621
Jurisdiction
WASHINGTON
Zoning & alternative use
RB-E · Hagerstown, MD
Zoning RB-E · permitted uses
RB-E · 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
WAREHOUSE, STORAGE
Est. value
$635,000
WAREHOUSE, STORAGE
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
1963
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
49
Lot
2.37 ac
Current owner
From public records · entity-resolved
Black Stallion Lane LLC
Entity
Mailing address
17165 BLACK STALLION LN #410, HAGERSTOWN, MD 21740-1891
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Black Stallion Lane LLC
—
Deed
related
$500,000 · Boston Street Capital INC
Apr 25, 2025
—
Black Stallion Lane LLC
Black Stallion Lane LLC
Deed
related
$1,500,000 · Boston Street Capital INC
Oct 28, 2024
$650,000
Black Stallion Lane LLC
Life Change Recovery INC
Deed
$500,000 · Djna Enterpises LLC
Oct 21, 2022
$625,000
Life Change Recovery INC
Travis Holding INC
Deed
$425,000 · Fourmos Investment INC
May 24, 2019
—
Travis Holding INC
—
Deed
related
$200,000 · Middletown Vly Bk
Mar 8, 2018
—
Travis Holding INC
—
Deed
related
$100,000 · Middletown Valley Bank
Jun 19, 2017
$275,000
Travis Holding INC
Rosen,christine E & Philip M
Grant Deed
—
Dec 28, 2016
—
Philip M Rosen
Rosen Lawrence L Trust
Quit Claim Deed
related
—
Dec 27, 2016
$325,000
Lawrence Rosen
Fishman,jeremy K
Grant Deed
—
Aug 7, 2009
—
Apnaghar LLC
—
Trustees Deed
related
$105,000 · Lawrence Rosen
Apr 24, 2009
—
Apnaghar LLC
—
Trustees Deed
related
$325,000 · Lawrence Rosen
Jun 28, 2005
$825,000
Apnaghar LLC
Clearview Nursing Home INC
Grant Deed
$400,000 · Clearview Nursing Home INC
—
—
Travis Holding INC
—
Loan Modification
related
$200,000 · Middletown Vly Bk
—
—
Clearview Nursing Home INC
—
Deed Of Trust
related
$150,000 · Manufacturers Traders & Trust
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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