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Property profile & analytics
OFF-MARKET
Estimated value
$6,795,000
Distribution centers
540 Western Maryland Pkwy Hagerstown, MD 21740-5125
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1252687
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
BRICK
Total area
104,100 SF
Lot
13.57 ac (591,240 SF)
Zoning code
IG
APN
03-028674
UPID
US40-1252687
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
-
Fiserv 540 Building Telecommunications Service Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$6.80M
Owner & transaction history
Brd Of Cnty Commissioners Of Washig · 1 yrs held
Brd Of Cnty Commissioners Of Washig
since 2025
Last sale
$6.1M
6 recorded transactions
Zoning & alternative use
IG · 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
Method
Estimation
Statistic approach
$9,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,020,000
Current use
Blend value · Realmo final
$6.80M
Range $6.12M – $7.47M · ±10% · vs last sale $6.10M (Oct 13 2021)
Last sale anchor
$6.10M
Oct 13 2021
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
$65 / 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
$47,131
Tax year 2023
Assessed value
$5,150,933
Assessed 2023
Previous assessed
$4,769,100
+8.0% YoY
Effective rate
0.91%
On assessed value
Land market value
$882,200
Improvement market value
$5,032,400
Total market value
$5,914,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
104,100 SF
Lot
13.57 ac (591,240 SF)
Zoning code
IG
APN
03-028674
UPID
US40-1252687
Jurisdiction
WASHINGTON
Zoning & alternative use
IG · Hagerstown, MD
Zoning IG · permitted uses
IG · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.0M
WAREHOUSE, STORAGE Current
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
1995
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
13.57 ac
Current owner
From public records · entity-resolved
Brd Of Cnty Commissioners Of Washig
Individual
Free & Clear · 1 yrs held
Mailing address
24012 FREDERICK RD #200, CLARKSBURG, MD 20871-9718
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
$8,500,000
Brd Of Cnty Commissioners Of Washig
Western Hagerstown LLC
Deed
—
Oct 13, 2021
$6,100,000
Western Hagerstown LLC
540 W Md Pkwy Real LLC
Deed
—
May 1, 2018
$4,775,000
540 W Md Pkwy Real Estate LLC
Big Box Property Owner F 1 LLC
Deed
$2,850,000 · Revere Bank
Jan 21, 2016
$5,500,000
Big Box Property Owner F L LLC
Western Maryland Parkway Business T
Special Warranty Deed
—
Nov 30, 2007
—
Maryland Parkway Busin Western
Phoenix Color Corp
Grant Deed
related
—
—
—
Hundred Forty Western Mar Five
—
Deed Of Trust
related
$250,000 · Bank Of America
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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