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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Medical Office Space
220 Champion Dr, Hagerstown, MD 21740-6665
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-0954227
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
23,850 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CG
APN
22-027034
UPID
US40-0954227
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
-
Kevin Dobbins, OD Physician
-
Dr. Alison S. Ridenour OD Physician
-
NovaCare Rehabilitation - Hagerstown Medical Clinic
-
Samala Khan Physician
-
David Holland Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$4.60M
Owner & transaction history
Bergman Property LLC · 15 yrs held
Bergman Property LLC
since 2010
6 recorded transactions
Zoning & alternative use
CG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+6.3%
Restaurant
$3.8M
+3.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,690,000
Current use
COMMERCIAL (GENERAL)
$3,920,000
Change: +6% · Conversion: Easy
RESTAURANT
$3,820,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$2,970,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±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
$193 / 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
$45,139
Tax year 2023
Assessed value
$4,933,200
Assessed 2023
Previous assessed
$4,929,900
+0.1% YoY
Effective rate
0.92%
On assessed value
Land market value
$1,399,500
Improvement market value
$3,540,300
Total market value
$4,939,800
Applied tax rate
30.0000
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
2011
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
23,850 SF
Lot
3.11 ac (135,472 SF)
Zoning code
CG
APN
22-027034
UPID
US40-0954227
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MD
Zoning CG · permitted uses
CG · 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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2011
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.11 ac
Current owner
From public records · entity-resolved
Bergman Property LLC
Entity
Mailing address
220 CHAMPION DR, HAGERSTOWN, MD 21740-6665
Ownership since
2010
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
Apr 10, 2018
—
Bergman Property LLC
—
Deed
related
$2,400,000 · Branch Bk&tr
Sep 14, 2010
$1,275,000
Bergman Property LLC
Kensington Commercial Center L
Grant Deed
$615,000 · Susquehanna Bank
—
—
Bergman Property LLC
—
Deed Of Trust
related
$1,237,000 · Susquehanna Bk
—
—
Bergman Property LLC
—
Deed Of Trust
related
$1,670,519 · Susquehanna Bank
—
—
Bergman Property LLC
—
Loan Modification
related
—
—
—
Bergman Property LLC
—
Deed Of Trust
related
$2,400,000 · Branch Bk&tr
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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