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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Retail space
34 Cannon Ave Hagerstown, MD 21740-4919
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2107294
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
BRICK
Total area
11,110 SF
Lot
1.08 ac (46,848 SF)
Zoning code
CG
APN
22-015036
UPID
US40-2107294
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Relindis Mbah Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.57M
Owner & transaction history
Medina North Court LLC · 4 yrs held
Medina North Court LLC
since 2022
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
CG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide locations for businesses of a general nature to serve the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
562.77 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.4M
+96.8%
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
$3,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,370,000
Change: +97% · Conversion: Easy
Blend value · Realmo final
$3.57M
Range $3.21M – $3.92M · ±10% · vs last sale $3.86M (Jul 27 2022)
Last sale anchor
$3.86M
Jul 27 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
$321 / 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
$28,494
Tax year 2023
Assessed value
$3,114,133
Assessed 2023
Previous assessed
$2,797,200
+11.3% YoY
Effective rate
0.91%
On assessed value
Land market value
$843,200
Improvement market value
$2,904,800
Total market value
$3,748,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
11,110 SF
Lot
1.08 ac (46,848 SF)
Zoning code
CG
APN
22-015036
UPID
US40-2107294
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MDZoning CG · permitted uses
CG · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide locations for businesses of a general nature to serve the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
562.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.4M
RESTAURANT
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
2001
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Medina North Court LLC
Entity
Mailing address
1790 CORAL WAY FL #3, MIAMI, FL 33145-2785
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$3,857,297
Medina North Court LLC
Hub City Realty Associates LLC
Special Warranty Deed
$4,290,000 · Bank Of America NA
Aug 21, 2020
—
Hub City Realty Associates LLC
—
Deed
related
$1,910,000 · Key Bank NA
Mar 5, 2013
$3,106,285
Hub City Realty Associates LLC
Hpt LP
Grant Deed
$2,332,500 · First Niagara Bank
Sep 7, 2000
$750,000
Hagerstown Hpt II
Riteaid Of Maryland INC
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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