New search
Property profile & analytics
FOR LEASE
Retail space
535 Northern Ave Hagerstown, MD 21742
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0097578
For Lease
1 / 2
$18 SF/Yr
535 Northern Ave, Hagerstown, MD 21742
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
BRICK
Total area
4,200 SF
Lot
0.48 ac (20,778 SF)
Zoning code
CG
APN
21-012297
UPID
US40-0097578
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
-
Lifestyle Lounging Event Planning Wedding Service
-
SKYE LOUNGE Bar & Pub (Bike/Boat/Book/etc) Store
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
Masn Realty LLC · 11 yrs held
Masn Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
CG · Hagerstown, 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 Hagerstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hagerstown 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
$1,857
Tax year 2023
Assessed value
$202,933
Assessed 2023
Previous assessed
$202,800
+0.1% YoY
Effective rate
0.92%
On assessed value
Land market value
$160,700
Improvement market value
$42,500
Total market value
$203,200
Applied tax rate
30.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1956
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
4,200 SF
Lot
0.48 ac (20,778 SF)
Zoning code
CG
APN
21-012297
UPID
US40-0097578
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MD
Zoning CG · permitted uses
CG · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hagerstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Masn Realty LLC
Entity
Mailing address
12803 OAK HL AVE STE A2, HAGERSTOWN, MD 21742-2919
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
Masn Realty LLC
—
Deed
related
$2,500,000 · Eagle Bank
Apr 12, 2021
—
Msn Realty LLC
—
Deed
related
$150,000 · Seneca Valley Capital Ventures IV LLC
May 14, 2018
—
Brandon Axiine
—
Deed
related
$103,950 · Embrace Hm Loans
Aug 8, 2014
—
Masn Realty LLC
Ares Investment Group LLC
Deed
—
Jan 18, 2011
—
Aristodemos Capital Group LLC
—
Deed Of Trust
related
$4,467,000 · Orrstown Bank
Apr 6, 2006
$370,000
Ares Investment Group LLC
H L Mills INC
Grant Deed
$314,500 · Sovereign Bank
—
—
Ares Investment Group LLC
—
Deed Of Trust
related
$250,000 · Orrstown Bank
—
—
Ares Investment Group LLC
—
Deed Of Trust
related
$2,850,000 · Orrstown Bank
—
—
Masn Realty LLC
—
Deed Of Trust
related
$300,000 · Eagle Bk
—
—
Brandon Axiine
—
Deed Of Trust
related
$103,950 · Embrace Hm Loans
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
