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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Strip malls
351 Pennsylvania Ave, Hancock, MD 21750-1046
Entity Owned
19-yr Hold
Free & Clear
Property ID
US40-1741092
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
BRICK
Total area
36,808 SF
Lot
31.56 ac (1,374,754 SF)
Zoning code
U
APN
05-013526
UPID
US40-1741092
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
-
Meritus Primary Care - Hancock Medical Clinic
-
Valley Health War Memorial Hospital Family Medicine | Hancock Physician
-
Allison Wade Physician
-
Justin Glassford Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Pittman Properties LLC · 19 yrs held
Pittman Properties LLC
since 2007
4 recorded transactions
Zoning & alternative use
U · Hancock, 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 Hancock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hancock 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
$27 / 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
$36,868
Tax year 2023
Assessed value
$4,029,300
Assessed 2023
Previous assessed
$4,009,300
+0.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,267,300
Assessed improvement
$2,762,000
Land market value
$1,267,300
Improvement market value
$2,762,000
Total market value
$4,029,300
Applied tax rate
50.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
3
Total area
36,808 SF
Lot
31.56 ac (1,374,754 SF)
Zoning code
U
APN
05-013526
UPID
US40-1741092
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Hancock, MD
Zoning U · permitted uses
U · Hancock, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hancock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Units
3
Lot
31.56 ac
Current owner
From public records · entity-resolved
Pittman Properties LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 190, HANCOCK, MD 21750-0190
Ownership since
2007
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
Oct 28, 2016
—
Pittman Properties LLC
—
Deed
related
$850,000 · Cnb Bk
Jan 4, 2007
—
Pittman Properties LLC
Pittman,david L
Quit Claim Deed
related
—
—
—
Pittman Properties LLC
—
Deed Of Trust
related
$850,000 · Cnb Bk
—
—
Pittman Properties LLC
—
Deed Of Trust
related
$200,000 · Cnb Bk
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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