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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Medical Office Space
4310 Old National Pike Middletown, MD 21769-7631
Entity Owned
9-yr Hold
Free & Clear
Property ID
US40-2285918
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
FRAME
Total area
2,970 SF
Lot
3.98 ac (173,369 SF)
Zoning code
GC
APN
03-158152
UPID
US40-2285918
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
-
Robinwood Dental Center Dental Office
-
Mrs. Kristin Horman Dental Office
-
Saeed S Tofigh Dental Office
-
PNC ATM Atm
-
Dr. Carl Appleton Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$600k
Owner & transaction history
Robinwood Holdings LLC · 9 yrs held
Robinwood Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC · Middletown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GC district is intended to provide areas for generalcommercialactivities thatservicethe needs of the entire community and the surrounding area, the uses permitted in this district are of such character as to provide for comparative shopping needs,serviceand repair needs, office uses, specializedcommercialand entertainment activities and those establishme…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
38.32 ac
Source
Realmo
Top alternative use upside
Office building
$570,000
+71.2%
Commercial (general)
$400,000
+20.3%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$570,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$400,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
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
$202 / 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
$16,525
Tax year 2023
Assessed value
$1,406,400
Assessed 2023
Previous assessed
$1,342,500
+4.8% YoY
Effective rate
1.17%
On assessed value
Assessed land
$585,100
Assessed improvement
$821,300
Land market value
$585,100
Improvement market value
$821,300
Total market value
$1,406,400
Applied tax rate
3.0000
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
2018
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,970 SF
Lot
3.98 ac (173,369 SF)
Zoning code
GC
APN
03-158152
UPID
US40-2285918
Jurisdiction
FREDERICK
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
GC · Middletown, MDZoning GC · permitted uses
GC · Middletown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GC district is intended to provide areas for generalcommercialactivities thatservicethe needs of the entire community and the surrounding area, the uses permitted in this district are of such character as to provide for comparative shopping needs,serviceand repair needs, office uses, specializedcommercialand entertainment activities and those establishments which cater primarily to the motoring public
Zone name
General Commercial
General category
COMMERCIAL
Zone area
38.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$400,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.98 ac
Current owner
From public records · entity-resolved
Robinwood Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11110 MEDICAL CAMPUS RD STE #148, HAGERSTOWN, MD 21742-6755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
—
Robinwood Holdings LLC
—
Deed
related
$2,460,000 · Branch Bk&tr
Feb 7, 2017
$1,500,000
Robinwood Holdings LLC
Apm LLC
Grant Deed
—
Feb 7, 2017
—
Robinwood Hldng LLC
—
Deed
related
$2,099,900 · Branch Bk&tr
Sep 20, 2007
$1,400,000
Apm, LLC
Klimkiewicz Family IV & Middletown
Deed
—
Dec 20, 2002
—
Klimkiewicz Family IV - Middle
Klimkiewicz,donald F & June
Quit Claim Deed
related
—
—
—
Apm LLC
—
Deed Of Trust
related
$660,000 · First United Bank
—
—
Robinwood Hldng LLC
—
Deed Of Trust
related
$2,099,900 · Branch Bk&tr
—
—
Robinwood Holdings LLC
—
Deed Of Trust
related
$2,460,000 · Branch Bk&tr
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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