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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Medical Office Space
19426 Leitersburg Pike, Hagerstown, MD 21742-1468
Entity Owned
4-yr Hold
Free & Clear
Property ID
US40-2248331
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Total area
5,382 SF
Lot
0.99 ac (43,000 SF)
Zoning code
RU
APN
27-000827
UPID
US40-2248331
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
-
Newbold Medical Office Medical Clinic
-
Dr. Judith A. Emmert DMD Dental Office
-
LG Healing & Wellness Alternative Medicine Practice
-
Hub City Family Practice, LLC Medical Clinic
-
NewboldMD Travel Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Dhingi LLC · 4 yrs held
Dhingi LLC
since 2021
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
RU · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+0.1%
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
$1,230,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
RESTAURANT
$835,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$785,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $950k (Jul 26 2021)
Last sale anchor
$950k
Jul 26 2021
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
$185 / 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
$6,620
Tax year 2023
Assessed value
$636,500
Assessed 2023
Previous assessed
$636,500
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$516,000
Assessed improvement
$120,500
Land market value
$516,000
Improvement market value
$120,500
Total market value
$636,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1955
Heating
HEAT PUMP
Stories
1
Units
1
Total area
5,382 SF
Lot
0.99 ac (43,000 SF)
Zoning code
RU
APN
27-000827
UPID
US40-2248331
Jurisdiction
WASHINGTON
Zoning & alternative use
RU · Hagerstown, MD
Zoning RU · permitted uses
RU · 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
$830,000
RESTAURANT
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$785,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1955
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Dhingi LLC
Entity
Free & Clear · 4 yrs held
Mailing address
19426 LEITERSBURG PIKE, HAGERSTOWN, MD 21742-1468
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2021
$950,000
Dhingi LLC
Delvern L Martin
Deed
—
Jul 27, 2016
$845,000
Delvern L Martin
Earley Drive LLC
Grant Deed
$676,000 · Bank Of Charlestown
Aug 5, 2003
$145,830
Ann,tr
Dickinson,b M Tr
Grant 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.
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