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Property profile & analytics
OFF-MARKET
Estimated value
$9,145,000
Warehouses
1250 Stoney Run Rd, Hanover, MD 21076-1442
Individually Owned
7-yr Hold
Free & Clear
Property ID
US40-0206993
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Anne Arundel Cnty Md · 7 yrs held
Anne Arundel Cnty Md
since 2018
4 recorded transactions
Zoning & alternative use
W1 · Hanover, 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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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
MEDICAL BUILDING
$14,640,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$14,035,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$9.15M
Range $8.23M – $10.06M · ±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
$91 / 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
$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
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
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, MD
Zoning W1 · permitted uses
W1 · Hanover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$14.6M
RETAIL STORES
Est. value
$14.0M
MEDICAL BUILDING
RETAIL STORES
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
2020
Construction
FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Lot
7.33 ac
Current owner
From public records · entity-resolved
Anne Arundel Cnty Md
Individual
Free & Clear · 7 yrs held
Mailing address
1 BEACON ST STE #1700, BOSTON, MA 02108-3106
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2018
—
Anne Arundel Cnty Md
Civf V-md1mo01 LLC
Grant Deed
—
Jan 12, 2017
$2,626,460
Civf V Md1m01 LLC
Cabot Is Md1l01 LLC
Grant Deed
—
Jul 2, 2015
$956,400
Cabot IV-md1l01 LLC
Polanowski Valentine T SR
Grant Deed
—
Jul 2, 2015
$1,043,600
Cabot IV-md1l01 LLC
Polanowski Valentine SR
Grant Deed
—
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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