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Property profile & analytics
OFF-MARKET
Office buildings
370 Virginia Ave, Hagerstown, MD 21740-8048
Individually Owned
~
Est. High Equity
Property ID
US40-1473836
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1905
Construction
BRICK
Total area
2,904 SF
Lot
0.29 ac (12,750 SF)
Zoning code
CL
APN
03-003442
UPID
US40-1473836
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
-
City Park Psychological Services Physician Medical Clinic
-
Annette Jeffers Foster Care Service Social Service Agency
-
Buyer's Advantage Real Estate Agency
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
Michael R Draper
Michael R Draper
since 2026
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
CL · 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
$2,063
Tax year 2023
Assessed value
$225,467
Assessed 2023
Previous assessed
$225,300
+0.1% YoY
Effective rate
0.91%
On assessed value
Land market value
$63,700
Improvement market value
$162,100
Total market value
$225,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1905
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Total area
2,904 SF
Lot
0.29 ac (12,750 SF)
Zoning code
CL
APN
03-003442
UPID
US40-1473836
Jurisdiction
WASHINGTON
Zoning & alternative use
CL · Hagerstown, MD
Zoning CL · permitted uses
CL · 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
1905
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Michael R Draper
Individual
Mailing address
15109 FALLING WATERS RD, WILLIAMSPORT, MD 21795-2057
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
$300,000
Michael R Draper
Deanna K Bailey
Deed
$200,000 · John Brent Bailey Etal
Jun 11, 2018
—
Deanna K Bailey
—
Deed
related
$105,000 · First United Bank & Trust
Oct 24, 2012
$190,000
Deanna K Bailey
Four Parcels INC
Grant Deed
—
Aug 30, 2012
$125,000
Four Parcels INC
Schlossberg Roger
Grant Deed
—
Sep 20, 2010
—
Eugene S Albert JR.
Albert,eugene S JR
Quit Claim Deed
related
—
Jun 29, 2001
$43,000
Eugene A Albert
Anthony V Campbell Estate
Grant Deed
—
—
—
Deanna K Bailey
—
Deed Of Trust
related
$171,000 · M & T 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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