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Property profile & analytics
OFF-MARKET
Estimated value
$38,850,000
Auto shops
2633 Annapolis Rd 2659, Hanover, MD 21076-1262
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1735294
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
BRICK
Total area
2,334 SF
Lot
22.85 ac (995,346 SF)
Zoning code
C3
APN
04-000-04734900
UPID
US40-1735294
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
$38.85M
Owner & transaction history
Triple Bar Ridgeview Hanover LLC · 4 yrs held
Triple Bar Ridgeview Hanover LLC
since 2021
Last sale
$34.9M
4 recorded transactions
Zoning & alternative use
C3 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$46,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$38.85M
Range $34.97M – $42.74M · ±10% · vs last sale $34.90M (Jul 21 2021)
Last sale anchor
$34.90M
Jul 21 2021
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
$16,645 / 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
$272,036
Tax year 2023
Assessed value
$24,911,700
Assessed 2023
Previous assessed
$22,318,600
+11.6% YoY
Effective rate
1.09%
On assessed value
Land market value
$10,166,000
Improvement market value
$19,931,900
Total market value
$30,097,900
Applied tax rate
4.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
7
Total area
2,334 SF
Lot
22.85 ac (995,346 SF)
Zoning code
C3
APN
04-000-04734900
UPID
US40-1735294
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C3 · Hanover, MD
Zoning C3 · permitted uses
C3 · Hanover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
6
Units
7
Lot
22.85 ac
Current owner
From public records · entity-resolved
Triple Bar Ridgeview Hanover LLC
Entity
Mailing address
224 SAINT CHARLES WAY STE #290, YORK, PA 17402-4667
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$34,900,000
Triple Bar Ridgeview Hanover LLC
Ridgeview Hanover LLC
Special Warranty Deed
$24,500,000 · Wells Fargo Bank NA
Jan 30, 2015
$23,500,000
Ridgeview Hanover LLC
Ridgeview Plaza LLC
Special Warranty Deed
$17,000,000 · F Kevin Reynolds Etal
—
—
Ridgeview Plaza LLC
—
Loan Modification
related
—
—
—
Taco Bill Of Baltimore INC
—
Deed Of Trust
related
$728,000 · Captec Fin'l Group Funding Cor
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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