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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Medical Office Space
500 Greene St, Cumberland, MD 21502-2755
Entity Owned
23-yr Hold
Free & Clear
Property ID
US40-0275762
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,160 SF
Lot
0.44 ac (19,286 SF)
Zoning code
R-L
APN
06-010148
UPID
US40-0275762
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
-
Children's Medical Group Medical Clinic
-
Dr. Rodney A. Williams, MD Pediatrician Medical Clinic
-
Debra B. Hurtt, M.D., F.A.A.P. Pediatrician Medical Clinic
-
Michael A. Levitas, MD Pediatrician Medical Clinic
-
Dr. Byron A. Haworth, DO Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$775k
Owner & transaction history
Cmg Land LLC · 23 yrs held
Cmg Land LLC
since 2002
3 recorded transactions
Zoning & alternative use
R-L · Cumberland, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+12.0%
Commercial (general)
$1.2M
+9.8%
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 Cumberland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cumberland 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,060,000
Current use
OFFICE BUILDING
$1,185,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,165,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$64 / 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
$6,537
Tax year 2023
Assessed value
$702,700
Assessed 2023
Previous assessed
$702,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$48,500
Assessed improvement
$654,200
Land market value
$48,500
Improvement market value
$654,200
Total market value
$702,700
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
12,160 SF
Lot
0.44 ac (19,286 SF)
Zoning code
R-L
APN
06-010148
UPID
US40-0275762
Jurisdiction
ALLEGANY
Zoning & alternative use
R-L · Cumberland, MD
Zoning R-L · permitted uses
R-L · Cumberland, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cumberland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING Current
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Cmg Land LLC
Entity
Free & Clear · 23 yrs held
Mailing address
500 GREENE ST, CUMBERLAND, MD 21502-2755
Ownership since
2002
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
Sep 16, 2002
$1,250,000
Cmg Land LLC
Brodell,robert D & Rae K
Grant Deed
—
Jan 6, 2000
$25,000
Cmg Land LLC
Brodell,robert D & Rae K
Grant Deed
$140,000 · Farmers & Merchants Bk & Tr
—
—
Cmg Land LLC
—
Deed Of Trust
related
$1,369,000 · Farmers & Merchants 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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