New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Warehouses
7477 Rdg Rd, Hanover, MD 21076
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0170653
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
8,236 SF
Lot
1.98 ac (86,249 SF)
Zoning code
W2
APN
05-000-90041315
UPID
US40-0170653
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
$835k
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.34M
Owner & transaction history
Hld Real Estate Venture III LLC · 6 yrs held
Hld Real Estate Venture III LLC
since 2019
7 recorded transactions
Zoning & alternative use
W2 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+51.7%
Restaurant
$1.9M
+49.5%
Office building
$1.7M
+35.0%
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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,255,000
Current use
AUTO REPAIR, GARAGE
$1,900,000
Change: +52% · Conversion: Easy
RESTAURANT
$1,875,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,690,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +20% · Conversion: Moderate
MEDICAL BUILDING
$1,195,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$162 / 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
$22,196
Tax year 2023
Assessed value
$2,032,600
Assessed 2023
Previous assessed
$2,119,900
-4.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$554,400
Assessed improvement
$1,478,200
Land market value
$554,400
Improvement market value
$1,478,200
Total market value
$2,032,600
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
2004
Heating
SPACE
Stories
1
Units
2
Total area
8,236 SF
Lot
1.98 ac (86,249 SF)
Zoning code
W2
APN
05-000-90041315
UPID
US40-0170653
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Hanover, MD
Zoning W2 · permitted uses
W2 · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2004
Heating
SPACE
Stories
1
Units
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Hld Real Estate Venture III LLC
Entity
Mailing address
7477 RDG RD, HANOVER, MD 21076
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
$2,200,000
Hld Real Estate Venture III LLC
Four D S Associates LLP
Special Warranty Deed
$1,300,000 · Eagle Bank
Mar 6, 2002
$175,000
Four Ds Associates LLP
7477 Ridge Road LLC
Grant Deed
—
Apr 22, 1998
$163,300
7477 Ridge Road LLC
New Ridge Ltd Ptshp
Grant Deed
—
Apr 22, 1998
—
7477 Ridge Road LLC
New Ridge Ltd Pt
Grant Deed
related
—
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$840,000 · Sandy Spring Bk
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$800,000 · Sandy Spring Bank
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$1,450,000 · Sandy Spring Bank
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$2,100,000 · Sandy Spring Bank
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$1,012,500 · Suntrust Bank NA
—
—
Four Ds Associates LLP
—
Deed Of Trust
related
$7,725,331 · Suntrust Bank NA
—
—
Hld R & E Venture III LLC
—
Deed Of Trust
related
$1,300,000 · Eagle Bk
—
—
Hld R & E Venture III LLC
—
Deed Of Trust
related
$1,071,000 · Business Fin Grp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7477 Rdg Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
