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Property profile & analytics
OFF-MARKET
Individual retail properties
334 Burhans Blvd Hagerstown, MD 21740-5339
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-2374234
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1973
Construction
BRICK
Total area
1,012 SF
Lot
0.12 ac (5,200 SF)
Zoning code
CG
APN
03-017893
UPID
US40-2374234
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
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
Rb Investment Management LLC
Rb Investment Management LLC
since 2026
6 recorded transactions
Zoning & alternative use
CG · 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
$563
Tax year 2023
Assessed value
$61,533
Assessed 2023
Previous assessed
$61,500
+0.1% YoY
Effective rate
0.91%
On assessed value
Land market value
$41,600
Improvement market value
$20,000
Total market value
$61,600
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Total area
1,012 SF
Lot
0.12 ac (5,200 SF)
Zoning code
CG
APN
03-017893
UPID
US40-2374234
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MD
Zoning CG · permitted uses
CG · 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
1973
Construction
BRICK
Heating
SPACE
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Rb Investment Management LLC
Entity
Free & Clear · 0 yrs held
Mailing address
523 LAKEVIEW DR, CROSS JUNCTION, VA 22625-2416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 8, 2026
$120,000
Rb Investment Management LLC
Crea8ive Tech Solutions LLC
Deed
—
Sep 5, 2025
$45,000
Crea8ive Tech Solutions LLC
Marilyn Minerd
Deed
—
Jun 14, 2021
$45,000
Wasim Talib
Marilyn Minerd
Land Contract
—
May 26, 2021
—
Marilyn Minerd
Saundra Rae Symons
Deed
—
Apr 2, 2012
—
Saundra R Symons
Minerd,marilyn
Grant Deed
—
Jul 22, 2004
$46,500
Marilyn Minerd
Bachtell,robert N JR & Betty J
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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