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    Property profile & analytics

    2 Water St Smithsburg, MD 21783-1643

    • Investment properties
    • 7,326 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Feb 24, 2020
    $350,000
    Location Intelligence
    Property ID
    US40-2321888
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 1813 Barbershop and Salon / Barber Shop / Hair Salon
    • LCG Stove & Fireplaces Cleaning Smithsburg / Wood Stove Shop

    Property Details for 2 Water St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property size
    7,326 SF
    Zone code
    TC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    07-011717
    APU
    7011717

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $370,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $275,000
      Mixed-Use
      $290,000
      Hospitality
      $310,000
      Educational
      $300,000
      Residential Income
      $385,000
      Energy
      $355,000
      Income-Based Land
      $330,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Smithsburg
    County
    Washington
    State
    Maryland
    Longitude
    -77.5732
    Latitude
    39.6548
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,167
    $60,000
    $286,100
    $346,100
    -
    $60,000
    $286,100
    $346,100

    Comparable in this City

    • Value Estimation by Request
      1,650 SF

      22522 Jefferson Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,650 SF
      22522 Jefferson Blvd, Smithsburg, MD 21783-1611
      View Details
    • Value Estimation by Request
      978 SF

      22327 Old Georgetown Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 978 SF
      22327 Old Georgetown Rd, Smithsburg, MD 21783-1607
      View Details
    • Value Estimation
      $220,000
      5,220 SF

      1 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,220 SF
      1 Main St, Smithsburg, MD 21783
      View Details
    • Value Estimation
      $385,000
      8,820 SF

      5 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,820 SF
      5 Main St, Smithsburg, MD 21783-1950
      View Details
    • Value Estimation
      $245,000
      2,630 SF

      4 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,630 SF
      4 Main St, Smithsburg, MD 21783-9606
      View Details
    • Value Estimation by Request
      988 SF

      11926 Hvn Hl Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 988 SF
      11926 Hvn Hl Dr, Smithsburg, MD 21783-2052
      View Details

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      Land in Smithsburg, Maryland

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    2 Water St
    Smithsburg, MD 21783-1643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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