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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Motels
1525 Dorsey Rd Hanover, MD 21076-1982
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US40-2193515
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2012
Total area
56,463 SF
Lot
2.75 ac (119,790 SF)
Zoning code
C2
APN
05-000-05660400
UPID
US40-2193515
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
by Request
Blend (final)
Blend
$7.00M
Owner & transaction history
Hanover Properties LLC · 17 yrs held
Hanover Properties LLC
since 2008
5 recorded transactions
Zoning & alternative use
C2 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.6M
+33.2%
Neighborhood: shopping center
$10.3M
+18.8%
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
HOTEL/MOTEL
$8,705,000
Current use
OFFICE BUILDING
$11,595,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,340,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,590,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$8,205,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±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
$124 / 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
$73,893
Tax year 2023
Assessed value
$6,766,767
Assessed 2023
Previous assessed
$6,114,800
+10.7% YoY
Effective rate
1.09%
On assessed value
Land market value
$864,900
Improvement market value
$7,205,800
Total market value
$8,070,700
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2012
Heating
HEAT PUMP
Stories
4
Units
1
Bathrooms
1
Total area
56,463 SF
Lot
2.75 ac (119,790 SF)
Zoning code
C2
APN
05-000-05660400
UPID
US40-2193515
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Hanover, MDZoning C2 · permitted uses
C2 · Hanover, 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
HOTEL/MOTEL Current
Est. value
$8.7M
OFFICE BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.2M
HOTEL/MOTEL Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2012
Heating
HEAT PUMP
Stories
4
Units
1
Bathrooms
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
Hanover Properties LLC
Entity
Mailing address
3790 MAPLE HL RD, FAIRFAX, VA 22033
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2008
$1,440,000
Hanover Properties LLC
1525 Dorsey LLC
Grant Deed
—
Dec 22, 2004
$285,418
1525 Dorsey LLC
Davis,della M
Grant Deed
—
—
—
Hanover Properties LLC
—
Deed Of Trust
related
$5,141,562 · Union First Market Bank
—
—
1525 Dorsey LLC
—
Deed Of Trust
related
$250,000 · Bay National Bank
—
—
Hanover Properties LLC
—
Deed Of Trust
related
$7,268,000 · Sonabank NA
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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