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1350 Dorsey Rd, Hanover, MD 21076
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Property summary
AI-generated overview
This exceptional commercial property, located at 1350 Dorsey Road in Hanover, Maryland, presents a unique investment opportunity. The property encompasses a total of 10,545 square feet and is classified as retail, land, and restaurant space, suitable for a variety of commercial uses. Currently configured as a single suite, the property offers significant flexibility for multiple tenants. A substantial 5,430 square feet is currently vacant, providing immediate occupancy potential for expansion or new ventures. The property's location in Anne Arundel County, Maryland, zip code 21076, offers excellent visibility and accessibility. The "pad" style configuration allows for convenient access and ample parking. This versatile property is ideal for businesses seeking a prominent location in a thriving commercial area. The existing infrastructure provides a solid foundation for immediate occupancy or extensive renovation to suit specific business needs. With its strategic location and substantial square footage, this property represents a compelling opportunity for growth and profitability. Serious inquiries are encouraged to explore the possibilities this prime retail space offers.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
BRICK
Total area
20,200 SF
Lot
3.3 ac (143,748 SF)
Zoning code
W1
APN
05-126-90049436
UPID
US40-1254083
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Dental Office
-
Dental Office
-
Dental Office
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
since 2011
2 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Top alternative use upside
Auto repair, garage
$4.7M
+26.0%
Restaurant
$4.6M
+24.2%
Office building
$4.2M
+12.1%
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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.95M
Value range
$2.66M – $3.25M
±10% around blend
Estimated value / SF
$146 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.66M
blend $2.95M
$3.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
20,200 SF
Lot area
3.3 ac
Year built
1988
Stories
1
APN
05-126-90049436
Zoning
W1
Assessed value
$3,281,400
Annual tax
$35,833
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.95M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$183
-20%
County 22 sales
$236
-38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $146/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+26%
vs current-use indication
Restaurant
Office Building
Neighborhood: Shopping Center · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
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$3.28M
Move the market yield to see immediate price impact.
Value / SF
$162
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%
$207k
$4.13M
$2.95M
$2.30M
$230k
$4.59M
$3.28M
$2.55M
$253k
$5.05M
$3.61M
$2.81M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,833
Tax year 2023
Assessed value
$3,281,400
Assessed 2023
Previous assessed
$3,351,300
-2.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$858,000
Assessed improvement
$2,423,400
Land market value
$858,000
Improvement market value
$2,423,400
Total market value
$3,281,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
20,200 SF
Lot
3.3 ac (143,748 SF)
Zoning code
W1
APN
05-126-90049436
UPID
US40-1254083
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
1988
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.3 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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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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