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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Banks
22940 Jefferson Blvd Smithsburg, MD 21783-1616
Trust Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0883220
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
BRICK
Total area
2,134 SF
Lot
0.99 ac (43,020 SF)
Zoning code
BL
APN
07-014783
UPID
US40-0883220
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
-
First United Bank & Trust Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
First United Bank And Trust · 4 yrs held
First United Bank And Trust
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
BL · Smithsburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.70M (Apr 28 2022)
Last sale anchor
$1.70M
Apr 28 2022
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
$773 / 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
$14,880
Tax year 2023
Assessed value
$1,430,733
Assessed 2023
Previous assessed
$1,372,867
+4.2% YoY
Effective rate
1.04%
On assessed value
Land market value
$430,200
Improvement market value
$1,058,400
Total market value
$1,488,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
2,134 SF
Lot
0.99 ac (43,020 SF)
Zoning code
BL
APN
07-014783
UPID
US40-0883220
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.
Building & site characteristics
From public records
Year built
1989
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
First United Bank And Trust
Trust
Mailing address
19 S 2ND ST, OAKLAND, MD 21550-1517
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$1,695,000
First United Bank And Trust
Ghattas Ent Mougans Ave Ltd Partner
Foreclosure
related
—
Dec 15, 2020
$1,500,000
Maugans Ghattas Enterprises Trust
Gerald W Spessard
Grant Deed
—
Feb 7, 2019
—
Gerald W Spessard
—
Deed
related
$100,000 · Middletown Vly Bk
Jan 5, 2018
—
Gerald W Spessard
—
Deed
related
$914,500 · Middletown Valley Bank
Sep 16, 2005
—
Gerald W Spessard
Spessard,gerard W & Karen A
Quit Claim Deed
related
—
—
—
Gerald W Spessard
—
Deed Of Trust
related
$100,000 · Middletown Vly Bk
—
—
Gerald W Spessard
—
Deed Of Trust
related
$100,000 · Centra Bank INC
—
—
Gerald W Spessard
—
Deed Of Trust
related
$300,000 · Susquehanna Bank
—
—
Gerald W Spessard
—
Deed Of Trust
related
$300,000 · Centra Bank INC
—
—
Gerald W Spessard
—
Deed Of Trust
related
$800,000 · Centra Bank INC
—
—
Gerald W Spessard
—
Deed Of Trust
related
$146,000 · Susquehanna 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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