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Property profile & analytics
OFF-MARKET
Medical Office Space
38 Water St, Smithsburg, MD 21783-1604
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US40-0610677
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
BRICK
Total area
2,310 SF
Lot
0.43 ac (18,560 SF)
Zoning code
TR
APN
07-013248
UPID
US40-0610677
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
-
Healing Waters Wellness Center Gym & Fitness Center Alternative Medicine Practice
-
Genesis Health and Wellness Alternative Medicine Practice Spa & Massage Center
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
Kevin D Potts · 21 yrs held
Kevin D Potts
since 2005
3 recorded transactions
Zoning & alternative use
TR · Smithsburg, 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 Smithsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithsburg 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
$1,775
Tax year 2023
Assessed value
$194,000
Assessed 2023
Previous assessed
$194,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$148,400
Assessed improvement
$45,600
Land market value
$148,400
Improvement market value
$45,600
Total market value
$194,000
Applied tax rate
70.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
2,310 SF
Lot
0.43 ac (18,560 SF)
Zoning code
TR
APN
07-013248
UPID
US40-0610677
Jurisdiction
WASHINGTON
Zoning & alternative use
TR · Smithsburg, MD
Zoning TR · permitted uses
TR · Smithsburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Smithsburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Kevin D Potts
Individual
Mailing address
10828 HARTLE DR, HAGERSTOWN, MD 21742-9763
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2005
$192,000
Kevin D Potts
Martin,cynthia L
Grant Deed
$170,250 · Arrow Mortgage Services INC
Aug 31, 2004
$64,929
Cynthia L Martin
Romala Corp
Grant Deed
$71,000 · Fidelity Bank NA
—
—
Kevin D Potts
—
Deed Of Trust
related
$161,884 · Regal Bank & 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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