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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Auto shops
4700 Hanover Pike, Manchester, MD 21102-1234
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US40-1198700
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,340 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C-2
APN
06-017673
UPID
US40-1198700
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
$621k
Blend (final)
Blend
$590k
Owner & transaction history
4700 Hanover Pike LLC
4700 Hanover Pike LLC
since 2025
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
C-2 · Manchester, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$485,000
+19.5%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$405,000
Current use
RETAIL STORES
$485,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$380,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $575k (Jul 15 2025)
Last sale anchor
$575k
Jul 15 2025
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
$252 / 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
$5,047
Tax year 2023
Assessed value
$446,600
Assessed 2023
Previous assessed
$466,800
-4.3% YoY
Effective rate
1.13%
On assessed value
Assessed land
$296,700
Assessed improvement
$149,900
Land market value
$296,700
Improvement market value
$149,900
Total market value
$446,600
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
2
Bathrooms
1
Total area
2,340 SF
Lot
4.08 ac (177,725 SF)
Zoning code
C-2
APN
06-017673
UPID
US40-1198700
Jurisdiction
CARROLL
Zoning & alternative use
C-2 · Manchester, MD
Zoning C-2 · permitted uses
C-2 · Manchester, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$405,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING
Est. value
$380,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
2
Bathrooms
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
4700 Hanover Pike LLC
Entity
Mailing address
754 LAUREL CIR, TERRA ALTA, WV 26764-2713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$575,000
4700 Hanover Pike LLC
G Bryan Ensor
Deed
$525,000 · G Bryan Ensor
—
—
G Bryan Ensor
—
Deed Of Trust
related
$95,000 · Branch Banking & Trust Co
—
—
Ensor G B
—
Deed Of Trust
related
$178,100 · Leister Trust
—
—
G Bryan Ensor
—
Deed Of Trust
related
$252,794 · Branch Banking & Trust Co
—
—
George B Ensor
—
Deed Of Trust
related
$65,000 · Branch Banking & Trust Co
—
—
Ensor G B
—
Deed Of Trust
related
$136,000 · Pnc Mortgage Corp America
—
—
George B Ensor
—
Deed Of Trust
related
$180,000 · Branch Banking & Trust Co
—
—
G Bryan Ensor
—
Deed Of Trust
related
$53,793 · Pnc Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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