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Property profile & analytics
OFF-MARKET
Estimated value
$135,000
Investment properties
72 Madison Ave Hagerstown, MD 21740
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0026489
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2006
Construction
BRICK
Total area
2,670 SF
Lot
0.19 ac (8,059 SF)
Zoning code
RMED
APN
03-000435
UPID
US40-0026489
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
West Side Christian Ministries · 3 yrs held
West Side Christian Ministries
since 2022
Last sale
$150,000
6 recorded transactions
Zoning & alternative use
RMED · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide areas for medium density residential development.
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
1,050.66 ac
Source
Realmo
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
$135,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$135k
Range $122k – $149k · ±10% · vs last sale $150k (Nov 23 2022)
Last sale anchor
$150k
Nov 23 2022
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
$51 / 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
$1,241
Tax year 2023
Assessed value
$135,633
Assessed 2023
Previous assessed
$133,000
+2.0% YoY
Effective rate
0.91%
On assessed value
Land market value
$33,000
Improvement market value
$107,900
Total market value
$140,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
2
Total area
2,670 SF
Lot
0.19 ac (8,059 SF)
Zoning code
RMED
APN
03-000435
UPID
US40-0026489
Jurisdiction
WASHINGTON
Zoning & alternative use
RMED · Hagerstown, MDZoning RMED · permitted uses
RMED · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zoning district is to provide areas for medium density residential development.
Zone name
Residential Medium Density
General category
RESIDENTIAL
Zone area
1,050.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Units
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
West Side Christian Ministries
Individual
Mailing address
64 WESTSIDE AVE, HAGERSTOWN, MD 21740-5363
Ownership since
2022
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
Nov 23, 2022
$150,000
West Side Christian Ministries
Harold R Burkholder
Deed
$80,000 · Anabaptist Financial
Mar 20, 2019
$135,000
Harold R Burkholder
Stottlemyer,leonard J & Gloria J
Grant Deed
$108,000 · Farmers & Merchants Tr/chamber
Jan 27, 2005
$68,000
Leonard J Stottlemyer
Ib Property Holdings LLC
Grant Deed
—
Jan 27, 2005
$63,000
Ib Property Holdings LLC
Bierman Howard N
Trustees Deed
related
—
Feb 8, 2002
$100,000
Wayne L Burger
Lauver,robert O & Roberta
Grant Deed
—
—
—
Leonard J Stottlemyer
—
Deed Of Trust
related
$150,000 · Manufacturers Traders & Trust
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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