Entity Owned Property summary
AI-generated overview
This exceptional 19,450-square-foot flex space, located at 7455 New Ridge Road, Suite N-Q, in the Hanover submarket cluster of the BW Corridor, Anne Arundel County, presents a unique opportunity. Situated in a Class B building constructed in 1986, this single-tenant property offers a versatile layout, approximately 65% office and 35% warehouse space. The high 20-foot ceilings provide ample vertical space, complemented by one loading dock and one drive-in door for efficient material handling. The warehouse area benefits from 100% climate control. The office space is well-appointed with 16 private offices, three conference rooms, and a large open bullpen area, catering to various operational needs. The property is zoned W-1 and enjoys convenient access to major transportation arteries, including Route 100, Route 295, and Baltimore/Washington International Thurgood Marshall Airport. The entire building encompasses 118,597 square feet, and this specific unit is situated on New Ridge Road. This property is a single-story building with wet sprinklers throughout. This is an exceptional opportunity for a business seeking a functional and strategically located space.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
118,597 SF
Lot
10.04 ac (437,342 SF)
Zoning code
W1
APN
05-033-90041196
UPID
US40-0767748
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
-
Engineering Consultant Civil Engineer
-
Structural Engineer
-
Production Facility Factory
-
Tech Support Center (Bike/Boat/Book/etc) Store
-
Business Park
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.68M
Blend (final)
Blend
$10.99M
Owner & transaction history
since 2019
2 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Top alternative use upside
Warehouse, storage
$18.0M
+39.0%
Medical building
$17.2M
+32.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.99M
Value range
$9.89M – $12.09M
±10% around blend
Estimated value / SF
$93 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$9.89M
blend $10.99M
$12.09M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
118,597 SF
Lot area
10.04 ac
Year built
1986
Stories
1
APN
05-033-90041196
Zoning
W1
Assessed value
$11,820,267
Annual tax
$129,077
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.83M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.5 mi away · 116,653 SF
19.4 mi away · 98,059 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 146 sales
$109
-15%
County 68 sales
$419
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $93/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+39%
vs current-use indication
Medical Building
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.82M
Move the market yield to see immediate price impact.
Value / SF
$100
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$745k
$14.89M
$10.64M
$8.27M
$827k
$16.55M
$11.82M
$9.19M
$910k
$18.20M
$13.00M
$10.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$10.04M
8.2 mi · Jan 2026 · $96/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$129,077
Tax year 2023
Assessed value
$11,820,267
Assessed 2023
Previous assessed
$11,349,100
+4.2% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,610,400
Improvement market value
$10,152,200
Total market value
$12,762,600
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
118,597 SF
Lot
10.04 ac (437,342 SF)
Zoning code
W1
APN
05-033-90041196
UPID
US40-0767748
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Hanover, MDZoning W1 · permitted uses
W1 · Hanover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
10.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
W1
Jurisdiction
Hanover, MD
Recorded code
W1
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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