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Property profile & analytics
OFF-MARKET
Estimated value
$6,160,000
Life science properties
7225 Standard Dr, Hanover, MD 21076-1322
Entity Owned
6-yr Hold
Free & Clear
Property ID
US40-0669141
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Construction
BRICK
Total area
62,871 SF
Lot
3 ac (130,680 SF)
Zoning code
W1
APN
05-620-15424950
UPID
US40-0669141
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
$6.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.16M
Owner & transaction history
Civf Vi-md1w01 LLC · 6 yrs held
Civf Vi-md1w01 LLC
since 2020
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+149.7%
Auto repair, garage
$7.7M
+121.1%
Restaurant
$7.6M
+118.9%
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
$6,855,000
ML approach
$6,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,635,000
Change: +150% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,650,000
Change: +121% · Conversion: Difficult
RESTAURANT
$7,570,000
Change: +119% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,285,000
Change: +111% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,245,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$6,190,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$6.16M
Range $5.54M – $6.78M · ±10% · vs last sale $5.50M (Jun 17 2020)
Last sale anchor
$5.50M
Jun 17 2020
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
$98 / 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
$57,282
Tax year 2023
Assessed value
$5,245,600
Assessed 2023
Previous assessed
$5,500,000
-4.6% YoY
Effective rate
1.09%
On assessed value
Assessed land
$780,000
Assessed improvement
$4,465,600
Land market value
$780,000
Improvement market value
$4,465,600
Total market value
$5,245,600
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
62,871 SF
Lot
3 ac (130,680 SF)
Zoning code
W1
APN
05-620-15424950
UPID
US40-0669141
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
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$7.7M
RESTAURANT
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Civf Vi-md1w01 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
7160 W COLUMBIA GTWY DR STE #210, COLUMBIA, MD 21046-2109
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
$5,500,000
Civf Vi-md1w01 LLC
Unum Group
Grant Deed
—
Dec 21, 2016
$3,400,000
Unum Group
Glushakow Robert S|h Standard LLC
Trustees Deed
—
Sep 23, 1999
$2,157,576
H Standard LLC
Lasalle Bank Fsb
Grant Deed
$1,079,000 · American Savings Bank
Apr 22, 1998
$687,500
Lasalle National Bank Trustee
Race,& Hanover I
Grant Deed
related
—
—
—
H Standard LLC
—
Deed Of Trust
related
$6,500,000 · Paul Revere Life Ins Co
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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