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Property profile & analytics
OFF-MARKET
Estimated value
$52,360,000
Apartment buildings
7200 Alden Way, Hanover, MD 21076-2351
Individually Owned
8-yr Hold
Absentee Owner
Property ID
US40-1935486
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Total area
359,185 SF
Lot
3.63 ac (157,905 SF)
Zoning code
TOD
APN
01-598980
UPID
US40-1935486
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
$72.00M
Comparable Approach
Comparable
$54.49M
Blend (final)
Blend
$52.36M
Owner & transaction history
Kellogg-oxford Dartmoor Place · 8 yrs held
Kellogg-oxford Dartmoor Place
since 2018
1 recorded transaction
Zoning & alternative use
TOD · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$82.9M
+78.5%
Restaurant
$81.7M
+75.9%
Office building
$73.8M
+58.9%
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%
$77,995,000
6.5%
$71,995,000
7%
$66,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$46,430,000
Current use
AUTO REPAIR, GARAGE
$82,875,000
Change: +79% · Conversion: Difficult
RESTAURANT
$81,680,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$73,760,000
Change: +59% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$65,780,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$54,640,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$52,195,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$52.36M
Range $47.12M – $57.60M · ±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
$146 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$464,257
Tax year 2022
Assessed value
$41,439,800
Assessed 2023
Previous assessed
$41,439,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$789,500
Assessed improvement
$40,650,300
Land market value
$789,500
Improvement market value
$40,650,300
Total market value
$41,439,800
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
5
Units
248
Total area
359,185 SF
Lot
3.63 ac (157,905 SF)
Zoning code
TOD
APN
01-598980
UPID
US40-1935486
Jurisdiction
HOWARD
Zoning & alternative use
TOD · Hanover, MD
Zoning TOD · permitted uses
TOD · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.4M
AUTO REPAIR, GARAGE
Est. value
$82.9M
RESTAURANT
Est. value
$81.7M
OFFICE BUILDING
Est. value
$73.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$65.8M
WAREHOUSE, STORAGE
Est. value
$54.6M
MEDICAL BUILDING
Est. value
$52.2M
APARTMENT HOUSE (5+ UNITS) 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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Units
248
Lot
3.63 ac
Current owner
From public records · entity-resolved
Kellogg-oxford Dartmoor Place
Individual
Mailing address
100 WW RD STE #304, TOWSON, MD 21204-2370
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2018
—
Kellogg-oxford Dartmoor Place
—
Trustees Deed
related
$53,130,000 · Predf II Non-levered LLC
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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