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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Warehouses
7240 Standard Dr, Hanover, MD 21076-2300
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-2105404
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,208 SF
Lot
1.86 ac (81,022 SF)
Zoning code
W1B
APN
05-620-90022781
UPID
US40-2105404
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
by Request
Comparable Approach
Comparable
$3.21M
Blend (final)
Blend
$2.65M
Owner & transaction history
Ws Real Properties INC · 13 yrs held
Ws Real Properties INC
since 2012
7 recorded transactions
Zoning & alternative use
W1B · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+35.0%
Neighborhood: shopping center
$3.7M
+20.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,075,000
Current use
OFFICE BUILDING
$4,150,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,700,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$2,935,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,815,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±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
$131 / 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
$25,036
Tax year 2023
Assessed value
$2,292,700
Assessed 2023
Previous assessed
$2,145,300
+6.9% YoY
Effective rate
1.09%
On assessed value
Land market value
$430,600
Improvement market value
$2,156,900
Total market value
$2,587,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
20,208 SF
Lot
1.86 ac (81,022 SF)
Zoning code
W1B
APN
05-620-90022781
UPID
US40-2105404
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1B · Hanover, MD
Zoning W1B · permitted uses
W1B · 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
WAREHOUSE, STORAGE Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Ws Real Properties INC
Entity
Mailing address
7240 STANDARD DR, HANOVER, MD 21076-2300
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2012
$1,837,500
Ws Real Properties INC
Amg Land Holdings LLC
Grant Deed
$1,200,000 · Oba Fsb
Apr 4, 2008
—
Amg Holdings LLC
Gross,anna M
Grant Deed
—
—
—
Amg Land Holdings LLC
—
Deed Of Trust
related
$574,000 · Queenstown Bank Maryland
—
—
Ws Real Properties INC
—
Deed Of Trust
related
$998,000 · Chesapeake Business Fin'l Corp
—
—
Amg Land Holdings LLC
—
Deed Of Trust
related
$379,100 · Queenstown Bank Maryland
—
—
Ws Real Properties INC
—
Loan Modification
related
$1,450,000 · Oba Fsb
—
—
Ws Real Properties INC
—
Loan Modification
related
$968,500 · Oba Fsb
—
—
Ws Real Properties INC
—
Deed Of Trust
related
$2,167,442 · Barry K Walton
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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