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Property profile & analytics
OFF-MARKET
Retail residential properties
605 Virginia Ave Hagerstown, MD 21740-6250
Individually Owned
23-yr Hold
Property ID
US40-0307023
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Total area
2,010 SF
Lot
0.13 ac (5,600 SF)
Zoning code
RMOD
APN
03-007189
UPID
US40-0307023
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
-
Kutters by the Park Barber Shop
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
Andrew S Carpegna · 23 yrs held
Andrew S Carpegna
since 2002
7 recorded transactions
Zoning & alternative use
RMOD · 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
$1,604
Tax year 2023
Assessed value
$175,267
Assessed 2023
Previous assessed
$164,900
+6.3% YoY
Effective rate
0.92%
On assessed value
Land market value
$45,300
Improvement market value
$150,700
Total market value
$196,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1920
Heating
RADIANT
Stories
2
Units
1
Bathrooms
1
Total area
2,010 SF
Lot
0.13 ac (5,600 SF)
Zoning code
RMOD
APN
03-007189
UPID
US40-0307023
Jurisdiction
WASHINGTON
Zoning & alternative use
RMOD · Hagerstown, MD
Zoning RMOD · permitted uses
RMOD · 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
1920
Heating
RADIANT
Stories
2
Units
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Andrew S Carpegna
Individual
Mailing address
605 VIRGINIA AVE, HAGERSTOWN, MD 21740-6250
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Andrew S Carpegna
—
Deed
related
$74,400 · Fulton Bank NA
Aug 21, 2017
—
Lisa D Carpegna
—
Deed
related
$20,000 · Middletown Valley Bank
Sep 6, 2002
$140,000
Andrew S Carpegna
French,harold D & Viva C
Grant Deed
$137,837 · Cendant Mortgage Corp
—
—
Andrew S Carpegna
—
Deed Of Trust
related
$56,000 · Hsbc Mortgage Services INC
—
—
Andrew S Carpegna
—
Deed Of Trust
related
$205,000 · Surepoint Lending
—
—
Harold D French
—
Deed Of Trust
related
$75,000 · Homefed Bank
—
—
Andrew S Carpegna
—
Deed Of Trust
related
$138,448 · Allied Home Mtg Capital Corp
—
—
Andrew S Carpegna
—
Deed Of Trust
related
$52,500 · Lenders Investment Corp
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
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