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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Strip malls
901 Burhans Blvd, Hagerstown, MD 21742-3173
Entity Owned
18-yr Hold
Free & Clear
Property ID
US40-1316319
Property summary
AI-generated overview
Cressler Plaza, located at 901 N Burhans Blvd in Hagerstown, Maryland, offers exceptional retail and restaurant opportunities. This multi-tenant property boasts a total of 22,500 square feet, with 13,000 square feet currently available for lease. Ideal for businesses seeking flexible space, units can be leased in sizes ranging from a minimum of 6,000 square feet to a maximum contiguous space of 7,000 square feet. The property is conveniently situated in Washington County, zip code 21742, providing excellent access for customers and employees. Ample parking is available with 435 spaces to accommodate patrons and staff. This prime location presents a unique chance to establish or expand your business in a thriving Hagerstown commercial district. The property is classified as both retail and restaurant space, making it suitable for a variety of uses. Inquire today to learn more about leasing options and secure your space at Cressler Plaza.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
BRICK
Total area
75,221 SF
Lot
7 ac (304,920 SF)
Zoning code
CG
APN
21-006580
UPID
US40-1316319
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
-
Western Union Bank Credit Union
-
Hagerstown Legacy Elite Cheer Gym & Fitness Center Sports Field & Court
-
VyStar Credit Union ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.54M
Owner & transaction history
Cressler Properties LLC · 18 yrs held
Cressler Properties LLC
since 2008
4 recorded transactions
Zoning & alternative use
CG · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10%
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
$20 / 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
$41,768
Tax year 2023
Assessed value
$4,564,833
Assessed 2023
Previous assessed
$4,455,800
+2.4% YoY
Effective rate
0.91%
On assessed value
Land market value
$1,488,000
Improvement market value
$3,294,900
Total market value
$4,782,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
75,221 SF
Lot
7 ac (304,920 SF)
Zoning code
CG
APN
21-006580
UPID
US40-1316319
Jurisdiction
WASHINGTON
Zoning & alternative use
CG · Hagerstown, MD
Zoning CG · permitted uses
CG · 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
1962
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
7 ac
Current owner
From public records · entity-resolved
Cressler Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
9410 MOLLY PITCHER HWY, SHIPPENSBURG, PA 17257-8527
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
—
Cressler Properties LLC
—
Deed
related
$300,000 · Acnb Bank
May 14, 2008
—
Cressler Properties LLC
Cressler,frank A & Mabel E
Quit Claim Deed
related
—
Apr 16, 2004
—
Frank A Cressler
Cressler,frank A & Mabel E
Quit Claim Deed
related
—
—
—
Cressler Properties LLC
—
Deed Of Trust
related
$2,380,000 · Acnb Bk
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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