Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4501 Hanover Pike Manchester, MD 21102
    Back to Search
    Property profile & analytics

    4501 Hanover Pike Manchester, MD 21102

    View on Map
    • Office buildings
    • 645 SF
    • 1.05 lot acres
    For Lease
    View Listing →
    Free-Standing Drive-Thru Restaurant Building For Lease
    Contact for pricing

    Free-Standing Drive-Thru Restaurant Building

    Drive-thru restaurant on 1.75 acres with high traffic visibility.

    4501 Hanover Pike, Manchester, MD
    View Listing
    Property ID
    US40-0367366
    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

    • Susquehanna Bank / Loan Service / Bank

    Property Details for 4501 Hanover Pike

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.05 lot acres
    Property size
    645 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    06-016413
    APU
    6016413

    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
    Manchester
    County
    Carroll
    State
    Maryland
    Longitude
    -76.9046
    Latitude
    39.6987
    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
    $2,123
    $0.00
    $0.00
    $187,867
    -
    $126,800
    $93,000
    $219,800

    Comparable in this City

    • 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
    • Value Estimation
      $2,845,000
      740 SF

      4028 Hanover Pike

      OFFICE BUILDING • 740 SF
      4028 Hanover Pike, Manchester, MD 21102-1440
      View Details
    • Value Estimation
      $660,000
      6,208 SF

      3230 Maiden Ln

      OFFICE BUILDING • 6,208 SF
      3230 Maiden Ln, Manchester, MD 21102-1947
      View Details
    • Value Estimation by Request
      3,952 SF

      3215 Main St

      OFFICE BUILDING • 3,952 SF
      3215 Main St, Manchester, MD 21102-1961
      View Details
    • Value Estimation by Request
      1,920 SF

      3211 Main St

      OFFICE BUILDING • 1,920 SF
      3211 Main St, Manchester, MD 21102-1961
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.55 Acres

      Prime Commercial Land Opportunity

      4.5+ acre C-3 zoned commercial property off Hanover Pike.
      2B Ebbvale Rd, Manchester, MD 21102
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru Opportunity

      Retail opportunity near Route 30, suitable for various businesses.
      2965 Manchester Rd, Manchester, MD 21102
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      4.5+ acre C-3 zoned commercial property for sale.
      2B Ebbvale Rd, Manchester, MD 21102
      View Details
    • $2,600,000
      2,993 SF

      Northern Baltimore County Farm

      26.32-acre farm with A-frame house, barns, and sheds.
      19416 Gunpowder Rd, Manchester, MD 21102
      View Details
    • $774,900
      2,688 SF

      Land Parcel in Manchester, MD

      Land available in Manchester, Maryland.
      4801 Wentz Rd, Manchester, MD 21102
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Spacious Commercial Space in Manchester

      4000 sqft commercial space suitable for medical or retail.
      2973 Manchester Rd, Manchester, MD 21102
      View Details
    • Contact for pricing

      Free-Standing Drive-Thru Restaurant Building

      Drive-thru restaurant on 1.75 acres with high traffic visibility.
      4501 Hanover Pike, Manchester, MD 21102
      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.
    4501 Hanover Pike
    Manchester, MD 21102
    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

    Thank You for Inquiry
    4501 Hanover Pike, Manchester, MD, 21102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!