Entity Owned Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,900 SF
Lot
20.8 ac (906,048 SF)
Zoning code
M2
APN
01-316931
UPID
US40-1099282
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
-
Distribution Center Logistics Company
-
Clothing Store
-
Big Box & Wholesale Store Food Market
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
since 2008
7 recorded transactions
Zoning & alternative use
M2 · Hanover, MD
Top alternative use upside
Auto repair, garage
$7.4M
+51.7%
Restaurant
$7.3M
+49.5%
Office building
$6.6M
+35.0%
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 6 comparables with addresses
7 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
$4.80M
Value range
$4.32M – $5.28M
±10% around blend
Estimated value / SF
$150 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$4.32M
blend $4.80M
$5.28M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,900 SF
Lot area
20.8 ac
Year built
2007
Stories
1
APN
01-316931
Zoning
M2
Assessed value
$19,127,700
Annual tax
$215,240
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.23M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.50M
@ 6.5% CAP return
$3.23M
@ 7% CAP return
$3.00M
4
Sales comparison
Partial preview
Sales approach indication
$5.89M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.1 mi away · 25,610 SF
9.1 mi away · 37,830 SF
17.7 mi away · 33,000 SF
18.5 mi away · 24,864 SF
23.1 mi away · 35,386 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.80M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 345 sales
$152
-1%
County 54 sales
$183
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $150/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+52%
vs current-use indication
Restaurant
Office Building
Neighborhood: Shopping Center
Warehouse, Storage · 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
Modeled
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: income and sales evidence cover the value conclusion.
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 · 6 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$19.13M
Move the market yield to see immediate price impact.
Value / SF
$600
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%
$1.21M
$24.10M
$17.21M
$13.39M
$1.34M
$26.78M
$19.13M
$14.88M
$1.47M
$29.46M
$21.04M
$16.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$4.90M
4.7 mi · Nov 2025 · $146/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$215,240
Tax year 2022
Assessed value
$19,127,700
Assessed 2023
Previous assessed
$19,115,433
+0.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,887,300
Assessed improvement
$15,240,400
Land market value
$3,887,300
Improvement market value
$15,240,400
Total market value
$19,127,700
Applied tax rate
1.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
31,900 SF
Lot
20.8 ac (906,048 SF)
Zoning code
M2
APN
01-316931
UPID
US40-1099282
Jurisdiction
HOWARD
Zoning & alternative use
M2 · Hanover, MDZoning M2 · permitted uses
M2 · 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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
20.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Hanover, MD
Recorded code
M2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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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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