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Property profile & analytics
OFF-MARKET
Estimated value
$13,000,000
Industrial properties
7150 Standard Dr, Hanover, MD 21076-1779
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0061636
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
68,735 SF
Lot
8.19 ac (356,756 SF)
Zoning code
W1
APN
05-620-12347733
UPID
US40-0061636
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
$13.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
Eis Properties LLC · 2 yrs held
Eis Properties LLC
since 2024
Last sale
$13.0M
4 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.9M
+110.9%
Restaurant
$15.6M
+107.8%
Office building
$14.1M
+87.7%
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
$13,000,000
ML approach
$13,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$15,860,000
Change: +111% · Conversion: Easy
RESTAURANT
$15,630,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$14,115,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,590,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,455,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$9,990,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$13.00M
Range $11.70M – $14.30M · ±10% · vs last sale $13.00M (Feb 2 2024)
Last sale anchor
$13.00M
Feb 2 2024
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
$189 / 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
$55,630
Tax year 2023
Assessed value
$5,094,300
Assessed 2023
Previous assessed
$5,094,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,710,400
Assessed improvement
$3,383,900
Land market value
$1,710,400
Improvement market value
$3,383,900
Total market value
$5,094,300
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
68,735 SF
Lot
8.19 ac (356,756 SF)
Zoning code
W1
APN
05-620-12347733
UPID
US40-0061636
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
AUTO REPAIR, GARAGE
Est. value
$15.9M
RESTAURANT
Est. value
$15.6M
OFFICE BUILDING
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
WAREHOUSE, STORAGE
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$10.0M
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
8.19 ac
Current owner
From public records · entity-resolved
Eis Properties LLC
Entity
Mailing address
8100 PINEHURST HARBOUR WAY, PASADENA, MD 21122-5744
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$13,000,000
Eis Properties LLC
Rref III P Md Parkway 7150 LLC
Special Warranty Deed
$13,000,000 · Bank Of America NA
Oct 30, 2018
—
Rref III-p Md Parkway 7100 L
—
Grant Deed
related
$49,920,000 · Cibc
Oct 25, 2018
$5,500,000
Rref III-pmd Parkway 7150 LLC
Parkway LLC
Grant Deed
—
Jun 28, 2005
$78,250
Parkway LLC
Caleast Industrial Investors LLC
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.
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