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    Property profile & analytics

    7231 Pkwy Dr Hanover, MD 21076-1788

    • Industrial properties
    • 259,502 SF
    • 16.17 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 01, 2022
    $41,400,000
    Location Intelligence
    Property ID
    US40-0177533
    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

    • Industrial properties

    Property Details for 7231 Pkwy Dr

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    16.17 lot acres
    Property size
    259,502 SF
    Zone code
    W1B
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    05-000-09028100
    APU
    500009028100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.7302
    Latitude
    39.1741
    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
    $380,613
    $0.00
    $0.00
    $34,854,667
    -
    $4,204,200
    $36,436,800
    $40,641,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      145,080 SF

      Baltimore Washington Pkwy

      INDUSTRIAL LOFT BUILDING • 145,080 SF
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    • 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
    • Value Estimation by Request
      34,186 SF

      7480 Candlewood Rd, Unit B

      INDUSTRIAL LOFT BUILDING • 34,186 SF
      7480 Candlewood Rd, Hanover, MD 21076-3108
      View Details

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      Hanover Land Parcel for Sale

      1.99 acre land parcel in Hanover, MD, rezoned to R-15.
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      Specialty Property for Sale

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    Similar Nearby for Lease

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      156,898 SF

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      Industrial property available for lease in Hanover, Maryland.
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      Prime industrial space, 3,750 SF available.
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      Arundel Overlook: Premier Flex Space

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    • $17 SF/Yr

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      5,000 SF flex space near BWI Airport.
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    • Contact for pricing

      Turnkey Flex Space Sublease

      9,120 SF flex space available for sublease.
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      View Details
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    Hanover, MD 21076-1788
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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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