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    Property profile & analytics

    7233rd Hanover Pkwy3-4-16 Greenbelt, MD 20770-3652

    • Office Properties & Spaces
    • 862 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Dec 27, 2024
    $330,000
    Location Intelligence
    Property ID
    US40-1532716
    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

    • Office Properties & Spaces

    Property Details for 7233rd Hanover Pkwy3-4-16

    Year built
    1988
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    862 SF
    Zone code
    CO
    Property type
    Office Properties & Spaces
    APN
    21-2409233
    APU
    212409233

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $430,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $470,000
      Mixed-Use
      $435,000
      Hospitality
      $345,000
      Educational
      $465,000
      Residential Income
      $385,000
      Energy
      $435,000
      Income-Based Land
      $440,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Greenbelt
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.876
    Latitude
    38.9889
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 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
    $2,398
    $0.00
    $0.00
    $133,567
    -
    $49,700
    $92,500
    $142,200

    Comparable in this City

    • Value Estimation by Request
      1,043 SF

      8723 Greenbelt Rd, Unit F1

      CONDOMINIUM OFFICES • 1,043 SF
      8723 Greenbelt Rd, Greenbelt, MD 20770-2485
      View Details
    • Value Estimation by Request
      848 SF

      7259th Hanover Pkwy4-4-27

      CONDOMINIUM OFFICES • 848 SF
      7259th Hanover Pkwy4-4-27, Greenbelt, MD 20770-3654
      View Details
    • Value Estimation by Request
      979 SF

      8717 Greenbelt Rd, Unit L5

      CONDOMINIUM OFFICES • 979 SF
      8717 Greenbelt Rd, Greenbelt, MD 20770-2458
      View Details
    • Value Estimation by Request
      916 SF

      7325 Hanover Pkwy3-3-15

      CONDOMINIUM OFFICES • 916 SF
      7325 Hanover Pkwy3-3-15, Greenbelt, MD 20770-3618
      View Details
    • Value Estimation by Request
      867 SF

      7225th Hanover Pkwy1-7-72

      CONDOMINIUM OFFICES • 867 SF
      7225th Hanover Pkwy1-7-72, Greenbelt, MD 20770-3651
      View Details
    • Value Estimation by Request
      1,110 SF

      8749 Greenbelt Rd, Unit 1L1

      CONDOMINIUM OFFICES • 1,110 SF
      8749 Greenbelt Rd, Greenbelt, MD 20770-2488
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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    • $2,200 /Mo

      Greenbelt Medical Office Space Available

      Medical office space for rent in Greenbelt near Doctors Hospital.
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    • $14 SF/Yr
      5,010 SF

      Renovated Office Building For Rent

      Five-story office building with recent renovations and ample parking.
      7701 Greenbelt Rd, Greenbelt, MD 20770
      View Details
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    Greenbelt, MD 20770-3652
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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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