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Property profile & analytics
FOR LEASE
Office buildings
7030 Dorsey Rd Hanover, MD 21076
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0800374
For Lease
$12,155,000
7030 Dorsey Rd, Hanover, MD 21076
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
66,564 SF
Lot
6.54 ac (284,882 SF)
Zoning code
W1
APN
05-000-90223088
UPID
US40-0800374
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
$15.19M
Comparable Approach
Comparable
$12.75M
Blend (final)
Blend
$12.16M
Owner & transaction history
Gcp Dorsey 1 LLC · 7 yrs held
Gcp Dorsey 1 LLC
since 2019
2 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.4M
+12.4%
Restaurant
$15.1M
+10.7%
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%
$16,450,000
6.5%
$15,185,000
7%
$14,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,670,000
Current use
AUTO REPAIR, GARAGE
$15,360,000
Change: +12% · Conversion: Difficult
RESTAURANT
$15,135,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,190,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$12.16M
Range $10.94M – $13.37M · ±10%
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
$183 / 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
$92,463
Tax year 2023
Assessed value
$8,467,300
Assessed 2023
Previous assessed
$10,600,000
-20.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,555,400
Assessed improvement
$6,911,900
Land market value
$1,555,400
Improvement market value
$6,911,900
Total market value
$8,467,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
66,564 SF
Lot
6.54 ac (284,882 SF)
Zoning code
W1
APN
05-000-90223088
UPID
US40-0800374
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
OFFICE BUILDING Current
Est. value
$13.7M
AUTO REPAIR, GARAGE
Est. value
$15.4M
RESTAURANT
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
6.54 ac
Current owner
From public records · entity-resolved
Gcp Dorsey 1 LLC
Entity
Mailing address
25 CHARLES LN #1002, BALTIMORE, MD 21204-6802
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
$8,850,000
Gcp Dorsey 1 LLC
Frp Hillside LLC 4
Grant Deed
$6,315,610 · Burke & Herbert Bk&tr
May 21, 2007
$5
Frp Hillside LLC 4
Frp Hillside LLC 3
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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