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Property profile & analytics
OFF-MARKET
Retail space
924 Sweeney Dr Hagerstown, MD 21740-7111
Entity Owned
8-yr Hold
Free & Clear
Property ID
US40-0684236
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Total area
4,386 SF
Lot
2.22 ac (96,703 SF)
Zoning code
IG
APN
03-027325
UPID
US40-0684236
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
-
Airgas Store Welding Supply Store Safety Equipment Supplier
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
Master Funding Xiii LLC · 8 yrs held
Master Funding Xiii LLC
since 2018
6 recorded transactions
Zoning & alternative use
IG · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zoning district is to provide manufacturing, processing and storage uses which should be separated from other uses by reason of characteristics which may conflict with other uses. The exclusion of residential and commercial uses is intended to promote the economic welfare of the city by reserving especially suited areas for industry and b…
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
1,017.57 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
$4,117
Tax year 2023
Assessed value
$449,900
Assessed 2023
Previous assessed
$408,400
+10.2% YoY
Effective rate
0.92%
On assessed value
Land market value
$144,300
Improvement market value
$388,600
Total market value
$532,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
4,386 SF
Lot
2.22 ac (96,703 SF)
Zoning code
IG
APN
03-027325
UPID
US40-0684236
Jurisdiction
WASHINGTON
Zoning & alternative use
IG · Hagerstown, MDZoning IG · permitted uses
IG · 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 manufacturing, processing and storage uses which should be separated from other uses by reason of characteristics which may conflict with other uses. The exclusion of residential and commercial uses is intended to promote the economic welfare of the city by reserving especially suited areas for industry and by controlling and intermingling of incompatible uses.
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
1,017.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Master Funding Xiii LLC
Entity
Free & Clear · 8 yrs held
Mailing address
259 N RADNOR CHESTER RD N #10, RADNOR, PA 19087-5240
Ownership since
2018
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
Jan 25, 2018
$354,943
Master Funding Xiii LLC
Dressel Welding Supply INC
Grant Deed
—
Jan 25, 2018
—
Store Master Funding Xiii LLC
—
Deed
related
$355,000 · Citibank
Apr 26, 2017
—
Dressel Welding Supply INC
—
Deed
related
$320,000 · Manufacturers & Traders Trust Co
Oct 29, 2014
—
Dressel Welding Supply INC
—
Loan Modification
related
$32,000,000 · People's United Bk
—
—
Dressel Welding Supply INC
—
Loan Modification
related
$21,960,000 · Peoples United Bank
—
—
Store Master Funding Xiii LLC
—
Deed Of Trust
related
$355,000 · Citibank
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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