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    Property profile & analytics

    4028 Hanover Pike Manchester, MD 21102-1440

    • Office buildings
    • 740 SF
    • 10.48 lot acres
    OFF-MARKET
    Value Estimation
    $2,820,000
    Last Sale
    Jul 24, 2023
    $3,000,000
    Location Intelligence
    Property ID
    US40-1798826
    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

    • Ron's Automotive / Used Car Dealer
    • Ron's Automotive Service Center / Auto Repair Shop
    • Manchester Body Shop / Auto Body Shop

    Property Details for 4028 Hanover Pike

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.48 lot acres
    Property size
    740 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    06-031196
    APU
    6031196

    Description

    This exceptional 10.6-acre property in Manchester, Maryland (21102), offers a unique investment opportunity. The fully operational auto business complex includes five buildings totaling 16,500 to 20,000 square feet, built in 2003 and renovated three years ago. The property features a fully equipped auto repair shop with multiple bays and lifts, a 10,000 square foot auto body shop and paint shop, an auto showroom with sales management offices, and an administration and sales office. A fenced salvage yard is also included. The property boasts 140 parking spaces and is situated on a high-traffic location with excellent visibility. The C3 zoning allows for a variety of uses. Currently 100% occupied, with occupancy continuing until October 28, 2024, this presents a strong potential for synergistic business relationships, particularly for a private auto body shop potentially servicing the existing Ron's Auto Sales. The lease is a NNN type. This is an owner/user or lease opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,540,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,840,000
      6.5%
      $3,245,000
      7%
      $3,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,960,000
      Geo Method
      $3,440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,085,000
      Retail
      $2,880,000
      Mixed-Use
      $3,015,000
      Hospitality
      $2,800,000
      Educational
      $3,000,000
      Residential Income
      $2,925,000
      Energy
      $3,210,000
      Income-Based Land
      $2,815,000
      Food Service
      $2,860,000

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Carroll
    State
    Maryland
    Longitude
    -76.8957
    Latitude
    39.6872
    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
    $14,317
    $438,900
    $828,100
    $1,267,000
    -
    $438,900
    $828,100
    $1,267,000

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      3211 Main St

      OFFICE BUILDING • 1,920 SF
      3211 Main St, Manchester, MD 21102-1961
      View Details
    • Value Estimation by Request
      4,884 SF

      4219 Hanover Pike

      OFFICE BUILDING • 4,884 SF
      4219 Hanover Pike, Manchester, MD 21102-1434
      View Details
    • Value Estimation
      $300,000
      645 SF

      4501 Hanover Pike

      OFFICE BUILDING • 645 SF
      4501 Hanover Pike, Manchester, MD 21102-1231
      View Details
    • Value Estimation
      $495,000
      3,116 SF

      3208 York St

      OFFICE BUILDING • 3,116 SF
      3208 York St, Manchester, MD 21102-2059
      View Details
    • Value Estimation by Request
      1,830 SF

      4600 Hanover Pike

      OFFICE BUILDING • 1,830 SF
      4600 Hanover Pike, Manchester, MD 21102-1232
      View Details
    • Value Estimation by Request
      624 SF

      4334 Hanover Pike

      OFFICE BUILDING • 624 SF
      4334 Hanover Pike, Manchester, MD 21102-1433
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing

      Free-Standing Drive-Thru Restaurant Building

      Drive-thru restaurant on 1.75 acres with high traffic visibility.
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    Manchester, MD 21102-1440
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    Realmo Value Estimation

    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.

    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.

    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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