New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,735,000
Medical Office Space
1741 Dual Hwy, Hagerstown, MD 21740-6624
Individually Owned
5-yr Hold
Free & Clear
Property ID
US40-1324710
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
BRICK
Total area
12,435 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CR
APN
17-015362
UPID
US40-1324710
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
-
Washco Management Property Management Company
-
Life Treatment Center Medical Clinic
-
MedExpress Urgent Care Medical Clinic
-
MedExpress Medical Clinic
-
Erickson Reed A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.74M
Owner & transaction history
Dan Ryan Builders Mid Atlantic · 5 yrs held
Dan Ryan Builders Mid Atlantic
since 2020
7 recorded transactions
Zoning & alternative use
CR · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+6.3%
Restaurant
$2.0M
+3.5%
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
$1,925,000
Current use
COMMERCIAL (GENERAL)
$2,045,000
Change: +6% · Conversion: Easy
RESTAURANT
$1,990,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.56M – $1.91M · ±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
$140 / 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
$17,021
Tax year 2023
Assessed value
$1,860,200
Assessed 2023
Previous assessed
$1,775,600
+4.8% YoY
Effective rate
0.92%
On assessed value
Land market value
$418,500
Improvement market value
$1,610,900
Total market value
$2,029,400
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
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
12,435 SF
Lot
0.93 ac (40,511 SF)
Zoning code
CR
APN
17-015362
UPID
US40-1324710
Jurisdiction
WASHINGTON
Zoning & alternative use
CR · Hagerstown, MD
Zoning CR · permitted uses
CR · 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
MEDICAL BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1970
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Dan Ryan Builders Mid Atlantic
Individual
Free & Clear · 5 yrs held
Mailing address
1741 DUAL HWY STE B, HAGERSTOWN, MD 21740-6626
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
—
Washco Tristate Plaza LLC
—
Deed
related
$4,100,000 · Standard Insurance Co
Dec 15, 2020
$224,000
Dan Ryan Builders Mid Atlantic
Washco Arnett Farm LLC
Grant Deed
—
May 11, 2020
—
Washco Tristate Plaza LLC
—
Deed
related
$4,100,000 · Miscellaneous Ins Co
Jun 16, 2017
—
Washco Tristate Plaza II LLC
—
Deed
related
$2,981,400 · Farmers & Merchants Nat'l Bk
Sep 29, 2004
$2,790,000
Washco Tristate Plaza LLC
Waltersdorf Family Ptshp LLP
Grant Deed
$2,240,000 · Branch Banking & Trust Co
—
—
Washco Tristate Plaza LLC
—
Deed Of Trust
related
$3,400,000 · Farmers & Merchants Bk & Tr
—
—
Washco Tristate Plaza LLC
—
Deed Of Trust
related
$3,400,000 · Farmers & Merchants Bk & Tr
—
—
Washco Tristate Plaza LLC
—
Deed Of Trust
related
$4,100,000 · Miscellaneous Ins Co
—
—
Washco Tristate Plaza II LLC
—
Loan Modification
related
$2,981,400 · Farmers & Merchants Nat'l Bk
—
—
Washco Tristate Plaza LLC
—
Deed Of Trust
related
$5,250,000 · Cibc INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1741 Dual Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
