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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Hotels
18300 Peak Cir, Hagerstown, MD 21742-2370
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0747699
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
BRICK
Total area
21,483 SF
Lot
3.51 ac (152,896 SF)
Zoning code
HI
APN
13-029407
UPID
US40-0747699
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
-
Hampton Inn Hagerstown-I-81 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$2.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Morpep Hospitality LLC · 8 yrs held
Morpep Hospitality LLC
since 2017
6 recorded transactions
Zoning & alternative use
HI · 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
by Request
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,000,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,310,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,790,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,055,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$68 / 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
$87,215
Tax year 2023
Assessed value
$8,386,100
Assessed 2023
Previous assessed
$8,356,067
+0.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,053,000
Assessed improvement
$7,333,100
Land market value
$1,053,000
Improvement market value
$7,333,100
Total market value
$8,386,100
Applied tax rate
13.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
2
Total area
21,483 SF
Lot
3.51 ac (152,896 SF)
Zoning code
HI
APN
13-029407
UPID
US40-0747699
Jurisdiction
WASHINGTON
Zoning & alternative use
HI · Hagerstown, MD
Zoning HI · permitted uses
HI · 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
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
2
Lot
3.51 ac
Current owner
From public records · entity-resolved
Morpep Hospitality LLC
Entity
Mailing address
18300 PEAK CIR, HAGERSTOWN, MD 21742-2370
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2017
—
Morpep Hospitality LLC
—
Deed
related
$2,300,000 · Cnb Bank
Nov 9, 2016
—
Morpep Hospitality LLC
—
Deed
related
$500,000 · Cnb Bank INC
Jun 11, 2015
—
Morpep Hospitality LLC
—
Trustees Deed
related
$2,975,000 · Cnb Bk
—
—
Morpep Hospitality LLC
—
Deed Of Trust
related
$200,000 · Hagerstown Trust Co
—
—
Morpep Hospitality LLC
—
Deed Of Trust
related
$700,000 · Hagerstown Trust Co
—
—
Morpep Hospitality LLC
—
Deed Of Trust
related
$2,300,000 · 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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