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Property profile & analytics
OFF-MARKET
Estimated value
$8,700,000
Hospitals
48 Tarn Ter, Frostburg, MD 21532-1242
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-1757813
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,474 SF
Lot
4.1 ac (178,457 SF)
Zoning code
C3
APN
11-001424
UPID
US40-1757813
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
-
St Vincent De Paul Nursing Center Nursing Home
-
Peace Healthcare at Mountain City Center Nursing Home
-
Mountain City Center for Rehabilitation and Nursing Nursing Home
-
Gina L. Devers, Ota Physician
-
Ashley Reese Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.24M
Blend (final)
Blend
$8.70M
Owner & transaction history
Ctr Partnership LP · 1 yrs held
Ctr Partnership LP
since 2024
Last sale
$8.7M
3 recorded transactions
Zoning & alternative use
C3 · Frostburg, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.6M
+19.2%
Office building
$5.3M
+14.3%
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 Frostburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frostburg 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
$8,700,000
ML approach
$8,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,555,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$5,325,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$8.70M
Range $7.83M – $9.57M · ±10% · vs last sale $8.70M (Oct 9 2024)
Last sale anchor
$8.70M
Oct 9 2024
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
$163 / 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
$78,734
Tax year 2023
Assessed value
$7,794,700
Assessed 2023
Previous assessed
$7,546,300
+3.3% YoY
Effective rate
1.01%
On assessed value
Land market value
$581,300
Improvement market value
$7,710,200
Total market value
$8,291,500
Applied tax rate
11.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
48
Total area
53,474 SF
Lot
4.1 ac (178,457 SF)
Zoning code
C3
APN
11-001424
UPID
US40-1757813
Jurisdiction
ALLEGANY
Zoning & alternative use
C3 · Frostburg, MD
Zoning C3 · permitted uses
C3 · Frostburg, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frostburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
OFFICE BUILDING
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
48
Lot
4.1 ac
Current owner
From public records · entity-resolved
Ctr Partnership LP
Entity
Free & Clear · 1 yrs held
Mailing address
48 TARN TER, FROSTBURG, MD 21532-1242
Ownership since
2024
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
Oct 9, 2024
$8,700,000
Ctr Partnership LP
Mc Healthcare Realty LLC
Special Warranty Deed
—
Sep 29, 2022
$5,816,000
Mc Healthcare Realty LLC
Axis Healph At Frostburg Propco LLC
Special Warranty Deed
$26,553,805 · Forbright Bank
Mar 11, 2020
$9,500,000
Axis Health At Frostburg Propc
Upmc Western Maryland Corp
Grant Deed
$9,000,000 · Vnb New York LLC
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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