Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    519 Locust St Hagerstown, MD 21740-3911

    • Assisted living facilities
    • 14,496 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0231338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • W House Inc / Addiction Treatment Center
    • Lasting Change Alumni | website / Book Store

    Property Details for 519 Locust St

    Year built
    1980
    Construction
    BRICK
    Lot size
    0.31 lot acres
    Property size
    14,496 SF
    Zone code
    RMED
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    22-012738
    APU
    22012738

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7128
    Latitude
    39.6478
    CBSA code
    25180
    CBSA name
    HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $1,118,967
    -
    $80,400
    $1,211,900
    $1,292,300

    Comparable in this City

    • Value Estimation by Request
      29,235 SF

      1175 Professional Ct

      HOMES (RETIRED, NURSING) • 29,235 SF
      1175 Professional Ct, Hagerstown, MD 21740-5906
      View Details
    • Value Estimation by Request
      3,124 SF

      145 King St

      HOMES (RETIRED, NURSING) • 3,124 SF
      145 King St, Hagerstown, MD 21740-5732
      View Details
    • Value Estimation
      $650,000
      13,291 SF

      17165 Black Stallion Ln

      HOMES (RETIRED, NURSING) • 13,291 SF
      17165 Black Stallion Ln, Hagerstown, MD 21740-1891
      View Details
    • Value Estimation by Request
      10,302 SF

      25 En Ave

      HOMES (RETIRED, NURSING) • 10,302 SF
      25 En Ave, Hagerstown, MD 21740-4013
      View Details
    • Value Estimation
      $7,900,000
      20,285 SF

      310 Cameo Dr

      HOMES (RETIRED, NURSING) • 20,285 SF
      310 Cameo Dr, Hagerstown, MD 21740-5854
      View Details
    • Value Estimation
      $560,000
      5,572 SF

      13436 Maugansville Rd

      HOMES (RETIRED, NURSING) • 5,572 SF
      13436 Maugansville Rd, Hagerstown, MD 21740-2407
      View Details

    Similar Nearby for Sale

    • $260,000

      Hagerstown Assisted Living Facility

      Versatile property suitable for assisted living or community-based residential operations.
      145 King St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      61,006 SF

      Hub Plaza: Hagerstown Office Building

      High-Occupancy Office Building, Value-Add Opportunity
      1101 Opal Ct, Hagerstown, MD 21740
      View Details
    • $1,300,000
      23,800 SF

      Hagerstown Office Building Investment

      23,800 SF Office Space, $1.3M
      530 Locust St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      63.00 Acres

      I-81 Industrial Land - Hagerstown, MD

      63-Acre Development Site near I-81. Prime Logistics Location.
      0 Label Ln, Hagerstown, MD 21740
      View Details
    • $395,000
      0.14 Acres

      Remodeled Office Space in Hagerstown

      Remodeled office space with parking near the courthouse and stadium.
      115 Washington St, Hagerstown, MD 21740
      View Details
    • $499,000
      1.39 Acres

      Hagerstown Land Near Medical Offices

      Two lots available near medical offices, suitable for various uses.
      Frederick St, Hagerstown, MD 21740
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,000 SF

      Turnkey Retail/Office Space Available

      Move-in ready retail or office space in high-traffic location.
      17514-17520 Virginia Ave, Hagerstown, MD 21740
      View Details
    • $6 SF/Yr
      6,033 SF

      Hagerstown Office Space for Lease

      Flexible workspace solutions in MD.
      33 Franklin St, Hagerstown, MD 21740
      View Details
    • $11 SF/Yr
      3,460 SF

      Hagerstown Medical Office Space

      Move-in ready medical office suite.
      265 Mill St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      185 SF

      Hagerstown Office Space: King Street Gem

      Prime Hagerstown office, 85 sq ft, full-service.
      119 King St, Hagerstown, MD 21740
      View Details
    • Contact for pricing
      13,300 SF

      Hagerstown Office Space - Prime Location

      Historic Office Building, Multiple Suites Available
      24 Jonathan St, Hagerstown, MD 21740
      View Details
    • $12 SF/Yr
      19,156 SF

      Downtown Hagerstown Office Space

      Class A Office Suites Available
      100 Antietam St, Hagerstown, MD 21740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    519 Locust St
    Hagerstown, MD 21740-3911
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.