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Property profile & analytics
OFF-MARKET
Manufacturing properties
743 Bowman Ave Hagerstown, MD 21740-6808
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1462297
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
BRICK
Total area
39,576 SF
Lot
4.56 ac (198,634 SF)
Zoning code
IR
APN
17-009818
UPID
US40-1462297
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
by Request
Owner & transaction history
249 Prospect LLC · 22 yrs held
249 Prospect LLC
since 2004
7 recorded transactions
Zoning & alternative use
IR · 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
$6,758
Tax year 2023
Assessed value
$738,633
Assessed 2023
Previous assessed
$529,600
+39.5% YoY
Effective rate
0.91%
On assessed value
Land market value
$228,000
Improvement market value
$928,700
Total market value
$1,156,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
39,576 SF
Lot
4.56 ac (198,634 SF)
Zoning code
IR
APN
17-009818
UPID
US40-1462297
Jurisdiction
WASHINGTON
Zoning & alternative use
IR · Hagerstown, MD
Zoning IR · permitted uses
IR · 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
1967
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
4.56 ac
Current owner
From public records · entity-resolved
249 Prospect LLC
Entity
Mailing address
10605 NATIONAL PIKE, BIG POOL, MD 21711-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Mar 17, 2021
—
249 Prospect LLC
—
Deed
related
$250,000 · Ameriserv Financial Bank
Sep 2, 2004
—
249 Prospect LLC
—
Trustees Deed
related
$130,000 · Waypoint Bank
Feb 17, 2004
$330,000
249 Prospect LLC
Metal Finishing INC
Grant Deed
$964,000 · Waypoint Bank
—
—
249 Prospect LLC
—
Deed Of Trust
related
$25,000 · Centra Bank INC
—
—
249 Prospect LLC
—
Deed Of Trust
related
$250,000 · Centra Bank INC
—
—
249 Prospect LLC
—
Deed Of Trust
related
$110,000 · Centra Bank INC
—
—
249 Prospect LLC
—
Deed Of Trust
related
$999,000 · Ameriserv Financial Bank
—
—
249 Prospect LLC
—
Deed Of Trust
related
$650,000 · Orrstown Bank
—
—
249 Prospect LLC
—
Deed Of Trust
related
$1,700,000 · Orrstown Bank
—
—
249 Prospect LLC
—
Deed Of Trust
related
$185,000 · Centra Bank INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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