Back to Search
Property profile & analytics
OFF-MARKET
Manufacturing properties
240 Prospect St Hagerstown, MD 21740-3725
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0188416
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Construction
BRICK
Total area
18,014 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IR
APN
25-000498
UPID
US40-0188416
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
-
PotomacBeads Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Potomax Inv LLC · 6 yrs held
Potomax Inv LLC
since 2020
Last sale
$350,000
6 recorded transactions
Zoning & alternative use
IR · Hagerstown, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,358
Tax year 2023
Assessed value
$257,733
Assessed 2023
Previous assessed
$222,700
+15.7% YoY
Effective rate
0.91%
On assessed value
Land market value
$40,300
Improvement market value
$287,500
Total market value
$327,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Total area
18,014 SF
Lot
0.89 ac (38,768 SF)
Zoning code
IR
APN
25-000498
UPID
US40-0188416
Jurisdiction
WASHINGTON
Zoning & alternative use
IR · Hagerstown, MD
Zoning IR · permitted uses
IR · 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.
Building & site characteristics
From public records
Year built
1945
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Potomax Inv LLC
Entity
Mailing address
240 N PROSPECT ST, HAGERSTOWN, MD 21740-3725
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 26, 2020
$350,000
Potomax Inv LLC
240 Prospect LLC
Grant Deed
$280,000 · Bank Of Charlestown
Dec 8, 2014
$200,000
240 Prospect LLC
Beachley Building LLC
Deed
—
Jun 13, 2014
$200,000
Beachley Building LLC
Fcb Hagerstown LLC
Grant Deed
—
Oct 5, 2011
$100,000
Fcb Hagerstown LLC
Carper,stephen K
Trustees Deed
related
—
Jan 10, 2001
$130,000
Advanced Casework INC
Reisner INC
Grant Deed
$104,000 · Fcnb Bank
—
—
Advanced Casework INC
—
Deed Of Trust
related
$630,289 · Frederick County 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 240 Prospect St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
