Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7121 Standard Dr Hanover, MD 21076-1320

    • Industrial properties
    • 47,000 SF
    • 2.61 lot acres
    OFF-MARKET
    Value Estimation
    $9,560,000
    Last Sale
    May 03, 2021
    $7,600,000
    Location Intelligence
    Property ID
    US40-2233718
    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

    • Work - Lockheed Martin / Aerospace Company / Aviation
    • MD Work / Engineer

    Property Details for 7121 Standard Dr

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.61 lot acres
    Property size
    47,000 SF
    Zone code
    W1B
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    05-620-12348041
    APU
    562012348041

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,030,000
      6.5%
      $8,200,000
      7%
      $7,125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,420,000
      Geo Method
      $8,660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,835,000
      Retail
      $7,315,000
      Mixed-Use
      $8,105,000
      Hospitality
      $8,430,000
      Educational
      $9,130,000
      Residential Income
      $8,825,000
      Energy
      $8,875,000
      Income-Based Land
      $7,515,000
      Food Service
      $9,175,000

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7232
    Latitude
    39.1807
    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
    $55,890
    $0.00
    $0.00
    $5,118,133
    -
    $678,600
    $6,315,400
    $6,994,000

    Comparable in this City

    • Value Estimation by Request
      33,500 SF

      2605 Cabover Dr

      INDUSTRIAL LOFT BUILDING • 33,500 SF
      2605 Cabover Dr, Hanover, MD 21076-1677
      View Details
    • Value Estimation by Request
      259,502 SF

      7231 Pkwy Dr

      INDUSTRIAL LOFT BUILDING • 259,502 SF
      7231 Pkwy Dr, Hanover, MD 21076-1788
      View Details
    • Value Estimation by Request
      145,080 SF

      Baltimore Washington Pkwy

      INDUSTRIAL LOFT BUILDING • 145,080 SF
      Baltimore Washington Pkwy, Hanover, MD 21076
      View Details
    • Value Estimation
      $6,715,000
      41,949 SF

      1334 Ashton Rd

      INDUSTRIAL LOFT BUILDING • 41,949 SF
      1334 Ashton Rd, Hanover, MD 21076-3153
      View Details
    • Value Estimation by Request
      20,408 SF

      1327 Ashton Rd

      INDUSTRIAL LOFT BUILDING • 20,408 SF
      1327 Ashton Rd, Hanover, MD 21076-3111
      View Details
    • Value Estimation by Request
      76,262 SF

      7484 Candlewood Rd

      INDUSTRIAL LOFT BUILDING • 76,262 SF
      7484 Candlewood Rd, Hanover, MD 21076-3103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.00 Acres

      Hanover Industrial Land - 5 Acres

      Prime 5-acre industrial site in Hanover, MD.
      7234 Ridge Rd, Hanover, MD 21076
      View Details
    • $1,299,000
      1.30 Acres

      Hanover Industrial Land - $1.3M

      1.3-acre industrial lot, prime location.
      1774 Dorsey Rd, Hanover, MD 21076
      View Details
    • $387,278
      Pending

      Hanover Land Parcel for Sale

      Land parcel in Hanover, MD, near Arundel Mills and Fort Meade.
      326-7151 Wright Rd, Baltimore, MD 21076
      View Details
    • $1,184,273
      Pending

      Hanover Land Parcel for Sale

      1.99 acre land parcel in Hanover, MD, rezoned to R-15.
      261-7135 Wright Rd, Baltimore, MD 21076
      View Details
    • $565,000

      Specialty Property for Sale

      Specialty property available for purchase.
      2727 Amber Crest Rd, Baltimore, MD 21076
      View Details
    • $675,000

      Fairbourne Court Specialty Property

      Specialty property for sale in Hanover, Maryland.
      6257 Fairbourne Ct, Hanover, MD 21076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      156,898 SF

      Industrial Property for Lease

      Industrial property available for lease in Hanover, Maryland.
      7458 New Ridge Rd, Baltimore, MD 21076
      View Details
    • Contact for pricing
      312,840 SF

      Arundel Overlook: Premier Flex Space

      Hanover, MD: Office, R&D, & Flex Space
      0 Dorsey Rd At Airport 100 Way, Hanover, MD 21076
      View Details
    • Contact for pricing
      77,135 SF

      Hanover Flex Space - 77,135 SF

      Prime industrial space, 3,750 SF available.
      7484 Candlewood Rd, Hanover, MD 21076
      View Details
    • Contact for pricing
      60,300 SF

      Baltimore Commons Flex Space

      Hanover, MD industrial space for lease. 4,950 sq ft available.
      1321 Mercedes Dr, Hanover, MD 21076
      View Details
    • $17 SF/Yr

      Turnkey Flex Space Sublease

      5,000 SF flex space near BWI Airport.
      941 Mercantile Dr, Baltimore, MD 21076
      View Details
    • Contact for pricing

      Turnkey Flex Space Sublease

      9,120 SF flex space available for sublease.
      7380 Coca Cola Dr, Hanover, MD 21076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7121 Standard Dr
    Hanover, MD 21076-1320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.