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Property profile & analytics
OFF-MARKET
Estimated value
$33,095,000
Warehouses
7001 Dorsey Rd, Hanover, MD 21076-1553
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0832577
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
93,780 SF
Lot
11.51 ac (501,376 SF)
Zoning code
W1
APN
05-000-90212051
UPID
US40-0832577
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
$24.45M
Blend (final)
Blend
$33.10M
Owner & transaction history
Dorsey Rd Md LLC · 3 yrs held
Dorsey Rd Md LLC
since 2023
Last sale
$38.6M
7 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$38.1M
+167.3%
Auto repair, garage
$21.6M
+51.7%
Restaurant
$21.3M
+49.5%
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 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
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
COMMERCIAL (GENERAL)
$38,125,000
Change: +167% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,640,000
Change: +52% · Conversion: Easy
RESTAURANT
$21,325,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$33.10M
Range $29.79M – $36.40M · ±10% · vs last sale $38.60M (Jul 3 2023)
Last sale anchor
$38.60M
Jul 3 2023
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
$353 / 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
$200,746
Tax year 2023
Assessed value
$18,383,367
Assessed 2023
Previous assessed
$18,381,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,550,600
Improvement market value
$15,835,700
Total market value
$18,386,300
Applied tax rate
5.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
SPACE
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
93,780 SF
Lot
11.51 ac (501,376 SF)
Zoning code
W1
APN
05-000-90212051
UPID
US40-0832577
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Hanover, MD
Zoning W1 · permitted uses
W1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$38.1M
AUTO REPAIR, GARAGE
Est. value
$21.6M
RESTAURANT
Est. value
$21.3M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
2005
Heating
SPACE
Cooling
Yes
Stories
2
Units
2
Lot
11.51 ac
Current owner
From public records · entity-resolved
Dorsey Rd Md LLC
Entity
Mailing address
60 STATE ST STE #2200, BOSTON, MA 02109-1800
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$38,600,000
Dorsey Rd Md LLC
Bre Foxtrot 7001 Dorsey Road LLC
Special Warranty Deed
—
May 10, 2022
—
Bre Foxtrot 7001 Dorsey Road LLC
—
Deed
related
$184,000,000 · Morgan Stanley Bank NA
Dec 10, 2020
—
Bre Foxtrot 7001 Dorsey Road LLC
—
Deed
related
$741,500,000 · Jpmorgan Chase Bank NA
Jul 2, 2018
—
Bre Foxrot 7001 Dorsey Road LLC
—
Deed
related
$298,180 · Suntrust Bank
Jun 13, 2018
$18,800,000
Bre Foxtrot 7001 Dorsey Road L
Frp Hillside LLC 2
Grant Deed
—
Jun 15, 2004
$5
Frp Hillside LLC 2
Frp Hillside LLC
Grant Deed
related
—
—
—
Frp Hillside LLC 2
—
Deed Of Trust
related
$11,800,000 · American National Insurance Co
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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