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Property profile & analytics
OFF-MARKET
Estimated value
$21,820,000
Warehouses
7270 Park Cir Dr, Hanover, MD 21076-1330
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-2332666
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
216,344 SF
Lot
13.82 ac (601,999 SF)
Zoning code
W1
APN
05-619-90005379
UPID
US40-2332666
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
$21.92M
Comparable Approach
Comparable
$16.21M
Blend (final)
Blend
$21.82M
Owner & transaction history
Park Circle Drive Investors LLC · 5 yrs held
Park Circle Drive Investors LLC
since 2021
Last sale
$21.3M
4 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$28,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,745,000
6.5%
$21,920,000
7%
$20,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,910,000
Current use
MEDICAL BUILDING
$31,435,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$30,135,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$21.82M
Range $19.64M – $24.00M · ±10% · vs last sale $21.25M (Feb 23 2021)
Last sale anchor
$21.25M
Feb 23 2021
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
$101 / 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
$126,554
Tax year 2023
Assessed value
$11,589,233
Assessed 2023
Previous assessed
$11,589,233
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$3,593,200
Improvement market value
$7,997,900
Total market value
$11,591,100
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
216,344 SF
Lot
13.82 ac (601,999 SF)
Zoning code
W1
APN
05-619-90005379
UPID
US40-2332666
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
WAREHOUSE, STORAGE Current
Est. value
$32.9M
MEDICAL BUILDING
Est. value
$31.4M
RETAIL STORES
Est. value
$30.1M
WAREHOUSE, STORAGE Current
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
13.82 ac
Current owner
From public records · entity-resolved
Park Circle Drive Investors LLC
Entity
Mailing address
50 RESNIK RD STE #104, PLYMOUTH, MA 02360-7220
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
$21,252,200
Park Circle Drive Investors LLC
Rref III P Md Parkway 7270 LLC
Special Warranty Deed
$21,252,200 · High Street Real Estate Fund Vi Reit LLC
Oct 30, 2018
—
Rref III-p Md Parkway 7100 L
—
Grant Deed
related
$49,920,000 · Cibc
Oct 25, 2018
$17,050,000
Rree III-p Md Parkway 7270 LLC
Parkway LLC
Grant Deed
—
Jun 28, 2005
$78,250
Parkway LLC
Caleast Industrial Investors LLC
Grant Deed
—
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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