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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16208 Hanover Pike Hampstead, MD 21074-3006

    • Distribution centers
    • 6,375 SF
    • 2.03 lot acres
    OFF-MARKET
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1682789
    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

    • Anthony Electrical Services INC / Electrician

    Property Details for 16208 Hanover Pike

    Year built
    2007
    Lot size
    2.03 lot acres
    Property size
    6,375 SF
    Zone code
    RCC
    Property type
    Distribution centers
    APN
    04-1600004090
    APU
    41600004090

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,650,000
      Current use
      OFFICE BUILDING
      $1,510,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $1,450,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $1,360,000
      Change: -18% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hampstead
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.841
    Latitude
    39.5707
    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
    $3,889
    $0.00
    $0.00
    $641,733
    -
    $187,000
    $497,800
    $684,800

    Comparable in this City

    • Value Estimation
      $39,565,000
      842,295 SF

      626 Hanover Pike

      DISTRIBUTION WAREHOUSE • 842,295 SF
      626 Hanover Pike, Hampstead, MD 21074-2032
      View Details
    • Value Estimation by Request
      220,100 SF

      30 And Main St

      Individual retail properties • 220,100 SF
      30 And Main St, Hampstead, MD 21074
      View Details
    • Value Estimation by Request
      2,400 SF

      713 Houcksville Rd

      COM AUTO TRANS/STORAGE • 2,400 SF
      713 Houcksville Rd, Hampstead, MD 21074
      View Details
    • Value Estimation by Request
      1,510 SF

      1203 Main St

      COM AUTO TRANS/STORAGE • 1,510 SF
      1203 Main St, Hampstead, MD 21074
      View Details
    • Value Estimation by Request
      2,050 SF

      1320 Ww St

      WAREHOUSE, STORAGE • 2,050 SF
      1320 Ww St, Hampstead, MD 21074-1684
      View Details
    • Value Estimation
      $5,300,000
      72,750 SF

      3987 Hampstead Mexico Rd

      MANUFACTURING (LIGHT) • 72,750 SF
      3987 Hampstead Mexico Rd, Hampstead, MD 21074-1783
      View Details

    Similar Nearby for Sale

    • $14,175,000
      210,000 SF

      Hampstead Distribution Center For Sale

      210,000 SF distribution center with long-term NNN lease.
      500 Hanover Pike, Hampstead, MD 21074
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    • $190,000

      Acreage for Custom Home Build

      Over one acre lot with well and perc test complete.
      2611 Hoffman Mill Rd, Hampstead, MD 21074
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    • $450,000

      Specialty Property for Sale

      Specialty property available for purchase.
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    • $350,000

      Land For Sale

      Land available for sale.
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    • $299,900

      Hampstead Specialty Property for Sale

      Specialty property available in Hampstead, Maryland.
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    • $985,000

      Hampstead Specialty Property For Sale

      Specialty property available in Hampstead, Maryland.
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    Similar Nearby for Lease

    • Contact for pricing
      220,100 SF

      Prime Hampstead Commercial Property

      Flex, Warehouse & Retail Space Available
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      View Details
    • Contact for pricing
      3,127 SF

      Retail Space in North Carroll

      Retail space available in a busy shopping center.
      2300 Hanover Pike, Hampstead, MD 21074
      View Details
    • New
      $2,200 /Mo
      24,829 SF

      Hampstead Office Space For Lease

      Office space in downtown Hampstead with recent upgrades and ample parking.
      4111 Lower Beckleysville Rd, Hampstead, MD 21074
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in North Carroll

      Retail space available in a busy shopping center.
      2320 Hanover Pike, Hampstead, MD 21074
      View Details
    • Contact for pricing
      5,700 SF

      Retail Space Near Coppermine Pantherplex

      Retail/commercial spaces available near Coppermine Pantherplex in Hampstead, MD.
      1400 Panther Dr, Hampstead, MD 21074
      View Details
    • New
      $2,400 /Mo
      71,438 SF

      Hampstead Office Space For Lease

      Prime office space in Hampstead, available June 2025.
      841 S Main St, Hampstead, MD 21074
      View Details
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    16208 Hanover Pike
    Hampstead, MD 21074-3006
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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