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Property profile & analytics
OFF-MARKET
Warehouses
7010 Dorsey Rd, Hanover, MD 21076-1577
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0758992
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
73,459 SF
Lot
10.65 ac (463,914 SF)
Zoning code
W1
APN
05-000-90212049
UPID
US40-0758992
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
by Request
Owner & transaction history
Dorsey Rd Md LLC · 3 yrs held
Dorsey Rd Md LLC
since 2023
Last sale
$18.8M
7 recorded transactions
Zoning & alternative use
W1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$57,257
Tax year 2023
Assessed value
$5,243,300
Assessed 2023
Previous assessed
$5,242,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,819,900
Improvement market value
$3,424,200
Total market value
$5,244,100
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
2003
Heating
SPACE
Stories
1
Units
1
Total area
73,459 SF
Lot
10.65 ac (463,914 SF)
Zoning code
W1
APN
05-000-90212049
UPID
US40-0758992
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.
Building & site characteristics
From public records
Year built
2003
Heating
SPACE
Stories
1
Units
1
Lot
10.65 ac
Current owner
From public records · entity-resolved
Dorsey Rd Md LLC
Entity
Mailing address
60 STATE ST STE 2200TH BOSTON
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$18,800,000
Dorsey Rd Md LLC
Bre Foxtrot 7010 Dorsey Road LLC
Special Warranty Deed
—
May 10, 2022
—
Bre Foxtrot 7010 Dorsey Road LLC
—
Deed
related
$6,986,738 · Morgan Stanley Bank NA
Dec 10, 2020
—
Bre Foxtrot 7010 Dorsey Road LLC
—
Deed
related
$1,944,677 · Jpmorgan Chase Bank NA
Jul 2, 2018
—
Bre Foxtrot 7010 Dorsey Road L
—
Deed
related
$298,180,000 · Suntrust Bk
Jun 13, 2018
$7,400,000
Bre Foxtrot 7010 Dorsey Road L
Frp Hillside LLC
Grant Deed
—
Aug 2, 2007
—
Frp Hillside LLC
—
Deed Of Trust
related
$4,630,000 · Prudential Insurance Co
—
—
Frp Hillside LLC
—
Deed Of Trust
related
$4,630,000 · Prudential Insurance Co
—
—
Frp Hillside LLC
—
Loan Modification
related
$36,000,000 · Miscellaneous Ins Co
—
—
Frp Hillside LLC
—
Loan Modification
related
$36,000,000 · Miscellaneous Ins Co
—
—
Bre Foxtrot 7010 Dorsey Road L
—
Deed Of Trust
related
$298,180,000 · Suntrust Bk
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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