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Property profile & analytics
OFF-MARKET
Medical Office Space
816 Virginia Ave Hagerstown, MD 21740-6256
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0051113
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
BRICK
Total area
432 SF
Lot
0.2 ac (8,554 SF)
Zoning code
CG
APN
03-020614
UPID
US40-0051113
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
-
Scott Powell - State Farm Insurance Agent Insurance Agency
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
Scott Powell · 2 yrs held
Scott Powell
since 2024
Last sale
$229,000
3 recorded transactions
Zoning & alternative use
CG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide locations for businesses of a general nature to serve the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
562.77 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
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
$2,132
Tax year 2023
Assessed value
$233,033
Assessed 2023
Previous assessed
$233,033
+0.0% YoY
Effective rate
0.91%
On assessed value
Land market value
$51,300
Improvement market value
$182,000
Total market value
$233,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Total area
432 SF
Lot
0.2 ac (8,554 SF)
Zoning code
CG
APN
03-020614
UPID
US40-0051113
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MDZoning CG · permitted uses
CG · 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 locations for businesses of a general nature to serve the community.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
562.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Scott Powell
Individual
Mailing address
20328 AYOUB LN #8, HAGERSTOWN, MD 21742-4003
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Scott Powell
Scott Powell
Deed
related
$220,000 · Us Bank NA
Apr 7, 2015
$229,000
Daniel L Hall
Rochelle I Horn
Deed
$194,650 · United Bank INC
Jun 28, 2007
$325,000
Virginia Avenue Real Estate Ll
Horn,arthur H & Rochelle I
Grant Deed
$276,250 · Rochelle I Horn
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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