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    Property profile & analytics

    7115 Standard Dr Hanover, MD 21076-1320

    • Life science properties
    • 23,145 SF
    • 4.64 lot acres
    OFF-MARKET
    Value Estimation
    $4,050,000
    Last Sale
    Jun 12, 2023
    $3,500,000
    Location Intelligence
    Property ID
    US40-2308510
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sullivan Media Agency / Media Consultant

    Property Details for 7115 Standard Dr

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.64 lot acres
    Property size
    23,145 SF
    Zone code
    W1B
    Property type
    Life science properties
    APN
    05-620-12347732
    APU
    562012347732

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,190,000
      6.5%
      $3,620,000
      7%
      $3,360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,445,000
      Geo Method
      $3,435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,065,000
      Retail
      $3,495,000
      Mixed-Use
      $3,595,000
      Hospitality
      $4,000,000
      Educational
      $3,010,000
      Residential Income
      $2,930,000
      Energy
      $3,245,000
      Income-Based Land
      $3,905,000
      Food Service
      $3,700,000

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7226
    Latitude
    39.1817
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,497
    $0.00
    $0.00
    $2,060,200
    -
    $1,206,400
    $1,374,200
    $2,580,600

    Comparable in this City

    • Value Estimation
      $4,925,000
      48,000 SF

      7170 Standard Dr

      R&D FACILITY, LABS, PHARMA • 48,000 SF
      7170 Standard Dr, Hanover, MD 21076-1321
      View Details
    • Value Estimation by Request
      8,780 SF

      7141 Rdg Rd

      R&D FACILITY, LABS, PHARMA • 8,780 SF
      7141 Rdg Rd, Hanover, MD 21076
      View Details
    • Value Estimation
      $6,370,000
      62,871 SF

      7225 Standard Dr

      R&D FACILITY, LABS, PHARMA • 62,871 SF
      7225 Standard Dr, Hanover, MD 21076-1322
      View Details
    • Value Estimation by Request
      22,550 SF

      7266 Park Cir Dr

      R&D FACILITY, LABS, PHARMA • 22,550 SF
      7266 Park Cir Dr, Hanover, MD 21076-1340
      View Details
    • Value Estimation by Request
      13,434 SF

      7267 Park Cir Dr

      R&D FACILITY, LABS, PHARMA • 13,434 SF
      7267 Park Cir Dr, Hanover, MD 21076-1325
      View Details
    • Value Estimation by Request
      30,704 SF

      7235 Standard Dr

      R&D FACILITY, LABS, PHARMA • 30,704 SF
      7235 Standard Dr, Hanover, MD 21076-1322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

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      Prime 5-acre industrial site in Hanover, MD.
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      Pending

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      Land For Sale

      Land available for sale.
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      Specialty property available in Hanover, Maryland for $549,900.
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    Similar Nearby for Lease

    • Contact for pricing
      312,840 SF

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      View Details
    • $17 SF/Yr

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      5,000 SF flex space near BWI Airport.
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      View Details
    • Contact for pricing
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      Industrial Property for Lease

      Industrial property available for lease in Hanover, Maryland.
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    • Contact for pricing
      77,135 SF

      Hanover Flex Space - 77,135 SF

      Prime industrial space, 3,750 SF available.
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      60,300 SF

      Baltimore Commons Flex Space

      Hanover, MD industrial space for lease. 4,950 sq ft available.
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    • Contact for pricing

      Turnkey Flex Space Sublease

      9,120 SF flex space available for sublease.
      7380 Coca Cola Dr, Hanover, MD 21076
      View Details
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    Hanover, MD 21076-1320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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