Property profile

224 Frederick St Hagerstown, MD 21740

FOR SALE
Investment properties
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Property ID
US40-0933791
1,964 SF 0.19 ac
Last sale Mar 2024·$275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$112k
Effective rate0.92%

Value estimate

· Nov 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 6.34% cap applied$21k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$126/SF
ZIP average, outlier-cleaned · 106 recorded sales of this use type
Observed band · Q1–Q3$64 – $203
Qualifying comparables12

Cap rate analysis

How does the asset earn?
6.34%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RO
RO - Residential Office. Relatively high density residential with some office mixed-in district. Usually an area with large old homes con...
General categoryCOMMERCIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop10.0
Dry Cleaner9.4
Locksmith9.3

Location

224 Frederick St Hagerstown, MD 21740
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6 Mulberry, Hagerstown, MD 21740-4910 $185,000 Jun 2025 2,760 SF
620 Potomac, Hagerstown, MD 21740-3838 $125,000 May 2025 2,174 SF
1921 Dual, Hagerstown, MD 21740-6603 $185,500 Mar 2025 1,864 SF
17 Oak Rdg, Hagerstown, MD 21740-7301 $287,500 Feb 2025 1,428 SF
18123 Shawley, Hagerstown, MD 21740-2441 $290,000 Jan 2024 1,674 SF
991 Maryland, Hagerstown, MD 21740-6324 $240,000 Nov 2023 1,806 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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