Technical
Financial
Distress signals
Property profile

7240 Pkwy Dr Hanover, MD 21076

OFF-MARKET
Office buildings
Property ID
US40-0934173
84,736 SF 5.28 ac lot Built 1985
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 84,736 SF
Lot 5.28 ac (229,997 SF)
Zoning code W1
APN 05-620-90041406
UPID US40-0934173

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Advertising Agency Marketing & Advertising
  • Advertising Agency Marketing & Advertising
  • Law Firm Insurance Agency
  • Insurance Agency

Location

7240 Pkwy Dr Hanover, MD 21076-1310
Hanover metro Census 751200 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.68M
Blend (final) Blend
$6.25M

Owner & transaction history

since 2019
5 recorded transactions
2019
$6.3M
2017
Price N/A
2012
$7.8M
2001
Price N/A
2000
$7.3M

Zoning & alternative use

W1 · Hanover, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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