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Property profile & analytics
OFF-MARKET
Estimated value
$9,130,000
Manufacturing properties
19224 Longmeadow Rd Hagerstown, MD 21742-2872
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-2251688
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Construction
BRICK
Total area
287,625 SF
Lot
19.69 ac (857,696 SF)
Zoning code
IG
APN
27-019196
UPID
US40-2251688
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
-
Resolute Tissue Industrial Manufacturer Production Facility
-
National Golden Tissue Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.13M
Owner & transaction history
Arcola Towers I LP · 3 yrs held
Arcola Towers I LP
since 2023
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$14.2M
+74.2%
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
$8,155,000
ML approach
$9,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,125,000
Current use
WAREHOUSE, STORAGE
$14,150,000
Change: +74% · Conversion: Easy
Blend value · Realmo final
$9.13M
Range $8.22M – $10.04M · ±10% · vs last sale $9.25M (Jun 15 2023)
Last sale anchor
$9.25M
Jun 15 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
$32 / 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
$91,302
Tax year 2023
Assessed value
$8,779,000
Assessed 2023
Previous assessed
$8,779,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,969,000
Assessed improvement
$6,810,000
Land market value
$1,969,000
Improvement market value
$6,810,000
Total market value
$8,779,000
Applied tax rate
27.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Construction
BRICK
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
287,625 SF
Lot
19.69 ac (857,696 SF)
Zoning code
IG
APN
27-019196
UPID
US40-2251688
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.1M
WAREHOUSE, STORAGE
Est. value
$14.2M
INDUSTRIAL (GENERAL) Current
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
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
19.69 ac
Current owner
From public records · entity-resolved
Arcola Towers I LP
Entity
Mailing address
6615 PO BOX 2150TH RD STE 203C, MIDDLEBURG, VA 20118-2150
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
$9,250,000
Arcola Towers I LP
K & S Longmeadw LLC
Agreement Of Sale
—
Oct 15, 2019
—
K & Ps Longmeadow LLC
—
Deed
related
$450,000 · Acnb Bank
Nov 27, 2018
$9,250,000
K&s Longmeadow LLC
Camelot Real Estate LLC
Deed
$7,400,000 · Acnb Bank
Feb 8, 2017
—
Camelot Real Estate LLC
—
Grant Deed
related
$6,100,000 · Branch Bk&tr
Jul 21, 2014
$5,600,000
Camelot Real Estate LLC
Fpg-stip Hagerstown LLC
Grant Deed
$7,500,000 · Maryland Ind'l Dev Fin
Aug 9, 2011
—
Fpg-stip Hagerstown LLC
—
Deed Of Trust
related
$59,762,600 · Lasalle Bk NA 2006-cibc (ce)
Jun 6, 2006
$7,358,794
Fpg-stip Hagerstown LLC
Scp Green Hagerstown LLC
Grant Deed
$79,210,000 · Cibc INC
Mar 10, 2004
$5,175,000
Scp Green Hagerstown LLC
Indian Creek Co
Grant Deed
$3,881,250 · Indian Creek Co LP
—
—
Scp Green Hagerstown LLC
—
Deed Of Trust
related
$5,700,000 · Connecticut General Life Ins
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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