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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Investment properties
245 Potomac St Hagerstown, MD 21740-3809
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-0554840
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1957
Construction
BRICK
Total area
10,294 SF
Lot
0.21 ac (9,322 SF)
Zoning code
RO
APN
25-014383
UPID
US40-0554840
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
-
Photo Restorations and Graphic Design by Wertman Photography Photography Service (Bike/Boat/Book/etc) Store
-
Penny Mart Grocery & Convenience Store
-
wise appraisal services Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$665k
Owner & transaction history
Ruizhe LLC · 1 yrs held
Ruizhe LLC
since 2024
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
RO · 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
Method
Estimation
Statistic approach
$615,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $700k (Jun 13 2024)
Last sale anchor
$700k
Jun 13 2024
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
$65 / 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
$4,233
Tax year 2023
Assessed value
$462,667
Assessed 2023
Previous assessed
$412,900
+12.1% YoY
Effective rate
0.91%
On assessed value
Land market value
$44,400
Improvement market value
$459,200
Total market value
$503,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1957
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
9
Total area
10,294 SF
Lot
0.21 ac (9,322 SF)
Zoning code
RO
APN
25-014383
UPID
US40-0554840
Jurisdiction
WASHINGTON
Zoning & alternative use
RO · Hagerstown, MD
Zoning RO · permitted uses
RO · 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
1957
Construction
BRICK
Heating
HOT WATER
Stories
3
Units
9
Lot
0.21 ac
Current owner
From public records · entity-resolved
Ruizhe LLC
Entity
Mailing address
PO BOX 324, GARRETT PARK, MD 20896-0324
Ownership since
2024
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
Sep 13, 2024
$700,000
Ruizhe LLC
Michael W Osick JR
Deed
$250,000 · The Osiek Family Trust
Sep 25, 2020
$510,000
Michael W O Sick JR
Rsst Investments LLC
Deed
$382,500 · Woodsboro Bank
Sep 4, 2018
$480,000
Rsst Investments LLC
Hag LLC
Deed
$360,000 · M & T Bank
Sep 4, 2018
—
Hag LLC
Sosnick,wayne K
Grant Deed
related
—
Feb 8, 2017
$400,000
Wayne K Sosnick
Gilliam,randy S
Grant Deed
—
—
—
Randy S Gilliam
—
Deed Of Trust
related
$100,000 · Manufacturers Traders & Trust
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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