New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,275,000
Industrial properties
18450 Showalter Rd 2B Hagerstown, MD 21742-1383
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0407395
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2023
Total area
43,834 SF
Lot
8.11 ac (353,446 SF)
Zoning code
IG
APN
27-067160
UPID
US40-0407395
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
-
Ongoing Operations Information Services Data Recovery Service
-
First Breach Industrial Manufacturer Production Facility
-
PODS Moving & Storage Moving Company Storage Facility
-
Hagerstown Aviation Museum Museum Tourist Attraction
-
Program insite LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.58M
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.28M
Owner & transaction history
The Hagerstown Aviation Muselum INC · 3 yrs held
The Hagerstown Aviation Muselum INC
since 2023
Last sale
$4.5M
1 recorded transaction
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+448.2%
Medical building
$6.8M
+447.6%
Commercial (general)
$6.4M
+418.1%
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
$3,970,000
ML approach
$4,580,000
CAP Approach
CAP Return
Estimation
6%
$4,145,000
6.5%
$3,830,000
7%
$3,555,000
Alternative Use
Use
Estimation
RESTAURANT
$6,785,000
Change: +448% · Conversion: Difficult
MEDICAL BUILDING
$6,780,000
Change: +448% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,415,000
Change: +418% · Conversion: Difficult
OFFICE BUILDING
$4,715,000
Change: +281% · Conversion: Difficult
RETAIL STORES
$3,720,000
Change: +201% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,650,000
Change: +195% · Conversion: Easy
Blend value · Realmo final
$4.28M
Range $3.85M – $4.70M · ±10% · vs last sale $4.50M (Apr 6 2023)
Last sale anchor
$4.50M
Apr 6 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
$98 / 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
$9,676
Tax year 2023
Assessed value
$930,400
Assessed 2023
Previous assessed
$930,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$811,400
Assessed improvement
$119,000
Land market value
$811,400
Improvement market value
$119,000
Total market value
$930,400
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2023
Units
1
Total area
43,834 SF
Lot
8.11 ac (353,446 SF)
Zoning code
IG
APN
27-067160
UPID
US40-0407395
Jurisdiction
WASHINGTON
Zoning & alternative use
IG · Hagerstown, MD
Zoning IG · permitted uses
IG · 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
RESTAURANT
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.4M
OFFICE BUILDING
Est. value
$4.7M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
Year built
2023
Units
1
Lot
8.11 ac
Current owner
From public records · entity-resolved
The Hagerstown Aviation Muselum INC
Entity
Free & Clear · 3 yrs held
Mailing address
18450 SHOWALTER RD, HAGERSTOWN, MD 21742-1383
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
$4,500,000
The Hagerstown Aviation Muselum INC
New Heights Industrial Park LLC
Special Warranty Deed
—
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 18450 Showalter Rd, Unit 2B?
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.
