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Property profile & analytics
FOR LEASE
Industrial properties
934 Sweeney Dr 6 Hagerstown, MD 21740
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0685982
For Lease
1 / 19
$950/Mo
934 Sweeney Dr,Unit 6, Hagerstown, MD 21740
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1998
Construction
BRICK
Total area
40,640 SF
Lot
5.31 ac (231,304 SF)
Zoning code
U
APN
03-027481
UPID
US40-0685982
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
-
Control Systems Inc General Contractor Construction Company
-
Compressed Air Services Inc Production Facility Building Supply
-
Renn Engineering, Inc. Land Surveyor Civil Engineer
-
Fitness Revolution Hagerstown Gym & Fitness Center
-
Sweeney Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$920k
Owner & transaction history
Sevad INC · 8 yrs held
Sevad INC
since 2018
6 recorded transactions
Zoning & alternative use
U · 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$830,000
Current use
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$23 / 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
$26,239
Tax year 2023
Assessed value
$2,867,633
Assessed 2023
Previous assessed
$2,865,800
+0.1% YoY
Effective rate
0.92%
On assessed value
Land market value
$265,500
Improvement market value
$2,605,800
Total market value
$2,871,300
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
For Lease
Year built
1998
Construction
BRICK
Heating
SPACE
Cooling
YES
Buildings
7
Stories
2
Units
7
Total area
40,640 SF
Lot
5.31 ac (231,304 SF)
Zoning code
U
APN
03-027481
UPID
US40-0685982
Jurisdiction
WASHINGTON
Zoning & alternative use
U · Hagerstown, MDZoning U · permitted uses
U · Hagerstown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$830,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
7
Units
7
Lot
5.31 ac
Current owner
From public records · entity-resolved
Sevad INC
Entity
Mailing address
PO BOX 1830, HAGERSTOWN, MD 21742-1830
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
May 25, 2018
—
Sevad INC
—
Deed
related
$655,542 · Middletown Valley Bank
Jun 29, 2012
—
Sevad INC
—
Deed Of Trust
related
$2,949,699 · Orrstown Bank
—
—
Sevad INC
—
Deed Of Trust
related
$3,100,000 · Orrstown Bank
—
—
Sevad INC
—
Deed Of Trust
related
$2,975 · Middletown Vly Bk
—
—
Sevad INC
—
Deed Of Trust
related
$783,000 · Orrstown Bank
—
—
Sevad INC
—
Deed Of Trust
related
$1,000,000 · Orrstown Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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