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Property profile & analytics
OFF-MARKET
Estimated value
$7,670,000
Medical Office Space
1733 Howell Rd Hagerstown, MD 21740-6638
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1497598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
20,454 SF
Lot
5.59 ac (243,500 SF)
Zoning code
IMU
APN
17-028871
UPID
US40-1497598
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
-
Margaret Bell Fischer, MD Physician
-
Megan Joy Zemrose Physician
-
Gurbel Paul a MD Physician
-
Amy Miller Physician
-
Amanda Kallas Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.67M
Owner & transaction history
Mtrf Hagerstown Heart LLC · 4 yrs held
Mtrf Hagerstown Heart LLC
since 2022
Last sale
$7.9M
7 recorded transactions
Zoning & alternative use
IMU · 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
$7,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.67M
Range $6.90M – $8.44M · ±10% · vs last sale $7.93M (Apr 27 2022)
Last sale anchor
$7.93M
Apr 27 2022
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
$375 / 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
$34,830
Tax year 2023
Assessed value
$3,806,600
Assessed 2023
Previous assessed
$3,630,900
+4.8% YoY
Effective rate
0.91%
On assessed value
Land market value
$950,300
Improvement market value
$3,207,700
Total market value
$4,158,000
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
2004
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
20,454 SF
Lot
5.59 ac (243,500 SF)
Zoning code
IMU
APN
17-028871
UPID
US40-1497598
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
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
5.59 ac
Current owner
From public records · entity-resolved
Mtrf Hagerstown Heart LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$7,931,000
Mtrf Hagerstown Heart LLC
Hagerstown Heart Properties LLC
Special Warranty Deed
$5,155,150 · Synovus Bank
Apr 18, 2018
—
Hagerstown Heart Prop LLC
—
Deed
related
$2,275,757 · Branch Bk&tr
Dec 13, 2016
—
Hagerstown Heart Prop LLC
—
Deed
related
$10,000 · Branch Bk&tr
Aug 30, 2002
$450,000
Hagerstown Heart Properties
Gardes Investments Ltd
Grant Deed
$487,300 · Farmers & Merchants Bk & Tr
—
—
Hagerstown Heart Properties
—
Deed Of Trust
related
$2,853,352 · Susquehanna Bk
—
—
Hagerstown Heart Prop LLC
—
Loan Modification
related
$10,000 · Branch Bk&tr
—
—
Hagerstown Heart Prop LLC
—
Deed Of Trust
related
$1,317,032 · Branch Bk&tr
—
—
Hagerstown Heart Prop LLC
—
Deed Of Trust
related
$2,275,757 · Branch Bk&tr
—
—
Hagerstown Heart Properties Ll
—
Deed Of Trust
related
$500,000 · 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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