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    Property profile & analytics

    1321 Mercedes Dr Hanover, MD 21076

    • Warehouses
    • 39,195 SF
    • 4.25 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US40-0945311
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1321 Mercedes Dr

    Year built
    1982
    Construction
    BRICK
    Lot size
    4.25 lot acres
    Property size
    39,195 SF
    Zone code
    W1
    Property type
    Warehouses
    APN
    05-033-90027042
    APU
    503390027042

    Description

    This exceptional industrial property, Baltimore Commons, located at 1321 Mercedes Drive in Hanover, Maryland, 21076, offers a prime opportunity for businesses seeking flexible warehouse or flex space. The property is situated in the desirable BWI/Anne Arundel submarket of Anne Arundel County. The single-story building boasts a total of 60,300 square feet, with 4,950 square feet currently available for lease. The space features a generous 21-foot ceiling height, ideal for various industrial uses and high-storage needs. Convenient loading dock access is provided for efficient material handling. Ample parking is available with 156 total spaces. The property benefits from a robust 120/208-volt, 3-phase, 4-wire electrical service. This multi-tenant building presents a versatile solution for businesses requiring a blend of office and warehouse space, or solely warehouse space. The property's location in the BWI/Anne Arundel submarket offers excellent access to major transportation routes and the Baltimore-Washington International Thurgood Marshall Airport. Inquire today to learn more about this exceptional leasing opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7039
    Latitude
    39.1654
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,308
    $0.00
    $0.00
    $4,973,300
    -
    $1,105,000
    $4,059,300
    $5,164,300

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    Hanover, MD 21076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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