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Property profile & analytics
OFF-MARKET
Estimated value
$13,895,000
Industrial properties
7466 Candlewood Rd, Hanover, MD 21076-3201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1585893
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2010
Total area
95,560 SF
Lot
2.19 ac (95,560 SF)
APN
05-033-90234181
UPID
US40-1585893
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
by Request
Blend (final)
Blend
$13.90M
Owner & transaction history
Md 7466 Candlewood De LLC · 4 yrs held
Md 7466 Candlewood De LLC
since 2021
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$22.1M
+110.9%
Restaurant
$21.7M
+107.8%
Office building
$19.6M
+87.7%
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
INDUSTRIAL (GENERAL)
$10,455,000
Current use
AUTO REPAIR, GARAGE
$22,050,000
Change: +111% · Conversion: Easy
RESTAURANT
$21,730,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$19,625,000
Change: +88% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,500,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,535,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$13,885,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$13.90M
Range $12.51M – $15.28M · ±10% · vs last sale $18.01M (Dec 8 2021)
Last sale anchor
$18.01M
Dec 8 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
$145 / 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
$88,699
Tax year 2023
Assessed value
$8,122,600
Assessed 2023
Previous assessed
$7,644,800
+6.3% YoY
Effective rate
1.09%
On assessed value
Land market value
$5,446,900
Improvement market value
$3,631,300
Total market value
$9,078,200
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2010
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
95,560 SF
Lot
2.19 ac (95,560 SF)
APN
05-033-90234181
UPID
US40-1585893
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$22.1M
RESTAURANT
Est. value
$21.7M
OFFICE BUILDING
Est. value
$19.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.5M
WAREHOUSE, STORAGE
Est. value
$14.5M
MEDICAL BUILDING
Est. value
$13.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2010
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Md 7466 Candlewood De LLC
Entity
Mailing address
10960 GRANTCHESTER WAY STE #540, COLUMBIA, MD 21044-6114
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
$18,010,000
Md 7466 Candlewood De LLC
Logistics Pointe Owner LLC
Special Warranty Deed
$14,125,000 · Morgan Stanley Private Bank NA
Feb 7, 2019
$37,700,000
Logistics Pointe Owner LLC
Wmi Hanover LLC
Trustees Deed
$150,000,000 · Heitman Credit Acquisition Xii
Jun 29, 2015
$26,600,000
Wmi Hanover LLC
Teachers Ins & Annuity Assn Of Am
Trustees Deed
$20,215,500 · Realty Finance Operationg Partners LP Realty Finance Operationg Partners LP
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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