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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Strip malls
17520 Virginia Ave Hagerstown, MD 21740-7725
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0167911
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Construction
BRICK
Total area
7,950 SF
Lot
0.72 ac (31,541 SF)
Zoning code
BL
APN
26-000017
UPID
US40-0167911
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
-
American Pie Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Rgs Virginia LLC · 3 yrs held
Rgs Virginia LLC
since 2023
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
BL · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+366.3%
Restaurant
$1.3M
+354.1%
Medical building
$1.2M
+338.7%
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
$895,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,305,000
Change: +366% · Conversion: Easy
RESTAURANT
$1,275,000
Change: +354% · Conversion: Difficult
MEDICAL BUILDING
$1,230,000
Change: +339% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: +253% · Conversion: Moderate
RETAIL STORES
$705,000
Change: +151% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +136% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $850k (Jan 10 2023)
Last sale anchor
$850k
Jan 10 2023
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
$109 / 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
$6,898
Tax year 2023
Assessed value
$663,300
Assessed 2023
Previous assessed
$663,300
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$204,100
Assessed improvement
$459,200
Land market value
$204,100
Improvement market value
$459,200
Total market value
$663,300
Applied tax rate
26.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
7,950 SF
Lot
0.72 ac (31,541 SF)
Zoning code
BL
APN
26-000017
UPID
US40-0167911
Jurisdiction
WASHINGTON
Zoning & alternative use
BL · Hagerstown, MD
Zoning BL · permitted uses
BL · 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
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$990,000
RETAIL STORES
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$660,000
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Rgs Virginia LLC
Entity
Mailing address
1120 INTERNATIONAL PKWY STE #103, FREDERICKSBURG, VA 22406-1222
Ownership since
2023
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
Jan 10, 2023
$850,000
Rgs Virginia LLC
Laundry Equipment Services INC
Special Warranty Deed
$675,000 · Community Bank Of The Chesapeake
Sep 4, 2014
$650,000
Laundry Equipment Services INC
Rcs & M Properties LLC
Deed
—
May 30, 2002
$510,000
Sam LLC
A & J Realty Corp
Grant Deed
—
—
—
Rcs & M Properties LLC
—
Deed Of Trust
related
$400,000 · Fidelity Bank NA
—
—
Rcs & M Properties LLC
—
Deed Of Trust
related
$383,000 · Homefed 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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