Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1774 Dorsey Rd Hanover, MD 21075

    Property Lookup

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

    1774 Dorsey Rd Hanover, MD 21075

    View on Map
    • Investment properties
    • 1,012 SF
    • 0.40 lot acres
    For Sale
    $1,299,000
    View Listing →
    1.3 Acres of W2 Land For Sale
    $1,299,000
    1.30 Acres

    1.3 Acres of W2 Land

    1.3 acres of W2 land available for purchase.

    1774 Dorsey Rd, Hanover, MD
    View Listing
    Property ID
    US40-0526454
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1774 Dorsey Rd

    Year built
    1925
    Construction
    STONE
    Lot size
    0.40 lot acres
    Property size
    1,012 SF
    Zone code
    W1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    05-000-01352400
    APU
    500001352400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7439
    Latitude
    39.1778
    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
    $1,526
    $0.00
    $0.00
    $317,533
    -
    $186,300
    $164,100
    $350,400

    Comparable in this City

    • Value Estimation by Request
      624 SF

      1130 Stoney Run Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 624 SF
      1130 Stoney Run Rd, Hanover, MD 21076
      View Details
    • Value Estimation by Request
      930 SF

      7201 Bentwoods Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 930 SF
      7201 Bentwoods Rd, Hanover, MD 21076-1420
      View Details
    • Value Estimation by Request
      1,740 SF

      7115 Frst Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,740 SF
      7115 Frst Ave, Hanover, MD 21076-1148
      View Details
    • Value Estimation by Request
      1,248 SF

      7147 Wright Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,248 SF
      7147 Wright Rd, Hanover, MD 21076-1236
      View Details
    • Value Estimation by Request
      1,296 SF

      2723 Annapolis Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,296 SF
      2723 Annapolis Rd, Hanover, MD 21076-1209
      View Details
    • Value Estimation by Request
      1,120 SF

      1582 Abraham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,120 SF
      1582 Abraham Rd, Hanover, MD 21076-1443
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Candlewood Road Specialty Property

      Specialty property available for sale on Candlewood Road.
      7476 Candlewood Rd, Hanover, MD 21076
      View Details
    • $565,357
      Pending

      Undeveloped Land Parcel in Hanover

      Part of 10.3-acre assemblage near Arundel Mills and Fort Meade.
      271 Wright Rd, Hanover, MD 21076
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      10,000 SF

      Hanover MD Warehouse Space

      10,000 SF Warehouse, Flexible Lease
      1321 Mercedes Dr, Hanover, MD 21076
      View Details
    • Contact for pricing
      2,020 SF

      Arundel Mills Retail Space Available

      Retail spaces for lease in Arundel Mills Corporate Park.
      7550 Teague Rd, Hanover, MD 21076
      View Details
    • Contact for pricing

      New Development on Dorsey Road

      New commercial development with pad sites available for lease.
      1738-1758 Dorsey Rd, Hanover, MD 21076
      View Details
    • Contact for pricing
      23,785 SF

      Flex Space Near BWI Airport

      Flex space in Techwood Business Park, convenient location.
      1352 Charwood Rd, Hanover, MD 21076
      View Details
    • Contact for pricing
      102,179 SF

      Hanover Commercial Property for Rent

      Commercial property available for rent in Hanover, Maryland.
      7230 Preston Gateway Dr, Hanover, MD 21076
      View Details
    • Contact for pricing
      30,000 SF

      Hanover Warehouse Space Available

      30,000 sq ft warehouse space for lease.
      7460 New Ridge Rd, Hanover, MD 21076
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1774 Dorsey Rd
    Hanover, MD 21075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!