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Property profile & analytics
OFF-MARKET
Estimated value
$10,550,000
Hotels
7021 Arundel Mls Cir Hanover, MD 21076-1387
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-2382656
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
62,430 SF
Lot
2.41 ac (104,980 SF)
Zoning code
W1
APN
04-005-90213196
UPID
US40-2382656
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
$7.25M
Blend (final)
Blend
$10.55M
Owner & transaction history
Shreeji Arundel Mills LLC · 1 yrs held
Shreeji Arundel Mills LLC
since 2025
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.4M
+49.7%
Restaurant
$14.2M
+47.5%
Office building
$12.8M
+33.2%
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
HOTEL/MOTEL
$9,625,000
Current use
AUTO REPAIR, GARAGE
$14,405,000
Change: +50% · Conversion: Difficult
RESTAURANT
$14,195,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$12,820,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,435,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,495,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$9,070,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.55M
Range $9.50M – $11.61M · ±10% · vs last sale $10.00M (Mar 18 2025)
Last sale anchor
$10.00M
Mar 18 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
$169 / 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
$139,325
Tax year 2023
Assessed value
$12,758,733
Assessed 2023
Previous assessed
$11,501,300
+10.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,651,000
Improvement market value
$12,622,600
Total market value
$15,273,600
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Stories
5
Units
1
Total area
62,430 SF
Lot
2.41 ac (104,980 SF)
Zoning code
W1
APN
04-005-90213196
UPID
US40-2382656
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
HOTEL/MOTEL Current
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$14.4M
RESTAURANT
Est. value
$14.2M
OFFICE BUILDING
Est. value
$12.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL 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
2008
Heating
HEAT PUMP
Stories
5
Units
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Shreeji Arundel Mills LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
$10,000,000
Shreeji Arundel Mills LLC
Ahip Md Hanover 7021 Properties LLC
Special Warranty Deed
$8,265,000 · Farmers & Merchants Trust Co
Jun 27, 2017
$17,410,000
Ahip Md Hanover 7021 Prop LLC
Mcrb Arundel 4 LLC
Trustees Deed
$35,921,906 · Deutsche Bk Ag
Dec 26, 2012
$14,254,932
Mcrb Arundel 4 LLC
Sky Arundel V LLC
Grant Deed
$46,550,000 · Pnc Bank
Dec 21, 2005
$900,000
Skye Arundel V LLC
Arundel Mills Residual
Grant Deed
—
Nov 30, 2001
—
Arundel Mills Residual LP
Skye Hospitality I LLC
Grant Deed
related
—
—
—
Skye Arundel V LLC
—
Deed Of Trust
related
$14,300,000 · Mercantile-safe Deposit & Trus
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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