Individually Owned Property summary
AI-generated overview
This exceptional 101,532-square-foot warehouse in Hanover, Maryland, offers a unique sublease opportunity extending through the first quarter of 2033. The property, built in 2019, features a single-story building on 7.31 acres of land, zoned W-1. The space is divisible down to 46,800 square feet, providing flexibility for various business needs. The warehouse boasts a 28-foot clear ceiling height, 50'x50' column spacing, and ample loading capabilities with 17, 9'x10' loading docks (9 knock-outs) and 2 drive-ins. Additional features include an ESFR sprinkler system, 121 parking spaces (plus 6 handicapped spaces), and 1600 amps of power (277/480v, 3-phase). Existing office space totaling 4,100 square feet is also available, divided between the north and south ends of the building. This prime location in the BWI/Anne Arundel submarket offers easy access to major transportation routes and is situated in Anne Arundel County. The property is ideal for businesses seeking modern, efficient, and well-equipped warehouse space in a strategic location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
FRAME
Total area
100,752 SF
Lot
7.33 ac (319,295 SF)
Zoning code
W1
APN
05-000-12724600
UPID
US40-0206993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.06M
Blend (final)
Blend
$9.15M
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.15M
Value range
$8.23M – $10.06M
±10% around blend
Estimated value / SF
$91 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$8.23M
blend $9.15M
$10.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
100,752 SF
Lot area
7.33 ac
Year built
2020
Stories
1
APN
05-000-12724600
Zoning
W1
Assessed value
$7,910,033
Annual tax
$86,378
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$16.15M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.7 mi away · 89,598 SF
16.8 mi away · 95,216 SF
20.8 mi away · 110,052 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 345 sales
$152
-40%
County 92 sales
$333
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $91/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.91M
Move the market yield to see immediate price impact.
Value / SF
$79
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$498k
$9.97M
$7.12M
$5.54M
$554k
$11.07M
$7.91M
$6.15M
$609k
$12.18M
$8.70M
$6.77M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$16.26M
5.3 mi · Nov 2025 · $184/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$86,378
Tax year 2023
Assessed value
$7,910,033
Assessed 2023
Previous assessed
$7,551,700
+4.7% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,604,500
Improvement market value
$7,022,200
Total market value
$8,626,700
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Total area
100,752 SF
Lot
7.33 ac (319,295 SF)
Zoning code
W1
APN
05-000-12724600
UPID
US40-0206993
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Hanover, MDZoning W1 · permitted uses
W1 · Hanover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Lot
7.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
W1
Jurisdiction
Hanover, MD
Recorded code
W1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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