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Property profile & analytics
OFF-MARKET
Estimated value
$4,105,000
Strip malls
22405 Jefferson Blvd Smithsburg, MD 21783-2063
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1318970
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
BRICK
Total area
17,732 SF
Lot
5.71 ac (248,684 SF)
Zoning code
BL
APN
07-003579
UPID
US40-1318970
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
-
China 88 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.11M
Owner & transaction history
Franklin Washington LLC · 5 yrs held
Franklin Washington LLC
since 2021
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
BL · Smithsburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+201.0%
Medical building
$2.6M
+199.3%
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 Smithsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithsburg 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
$5,000,000
ML approach
$4,595,000
CAP Approach
CAP Return
Estimation
6%
$2,995,000
6.5%
$2,765,000
7%
$2,570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,610,000
Change: +201% · Conversion: Easy
MEDICAL BUILDING
$2,595,000
Change: +199% · Conversion: Difficult
Blend value · Realmo final
$4.11M
Range $3.69M – $4.52M · ±10% · vs last sale $4.08M (Jun 7 2021)
Last sale anchor
$4.08M
Jun 7 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
$232 / 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
$42,304
Tax year 2023
Assessed value
$4,067,700
Assessed 2023
Previous assessed
$4,067,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,484,300
Assessed improvement
$2,583,400
Land market value
$1,484,300
Improvement market value
$2,583,400
Total market value
$4,067,700
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
3
Total area
17,732 SF
Lot
5.71 ac (248,684 SF)
Zoning code
BL
APN
07-003579
UPID
US40-1318970
Jurisdiction
WASHINGTON
Zoning & alternative use
BL · Smithsburg, MD
Zoning BL · permitted uses
BL · Smithsburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
MEDICAL 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
1992
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
5.71 ac
Current owner
From public records · entity-resolved
Franklin Washington LLC
Entity
Mailing address
1741 DUAL HWY STE B, HAGERSTOWN, MD 21740-6626
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
Jun 7, 2021
$4,075,000
Franklin Washington LLC
Go Pal LLC
Special Warranty Deed
$3,000,000 · Standard Insurance Co
May 20, 2004
$3,525,000
Go-pal LLC
Hub Labels INC
Grant Deed
$2,643,750 · Virginia Commerce Bank
—
—
Go-pal LLC
—
Loan Modification
related
$2,550,000 · Virginia Commerce Bank
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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