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Property profile & analytics
OFF-MARKET
Estimated value
$36,350,000
Office buildings
7740 Milestone Pkwy Hanover, MD 21076-2289
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US40-1120407
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
136,400 SF
Lot
3.13 ac (136,517 SF)
Zoning code
MXDE
APN
04-000-90222437
UPID
US40-1120407
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
$43.56M
Blend (final)
Blend
$36.35M
Owner & transaction history
Ap 5 Lot B LLC · 13 yrs held
Ap 5 Lot B LLC
since 2013
3 recorded transactions
Zoning & alternative use
MXDE · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$55.5M
+98.0%
Auto repair, garage
$31.5M
+12.4%
Restaurant
$31.0M
+10.7%
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
OFFICE BUILDING
$28,010,000
Current use
COMMERCIAL (GENERAL)
$55,455,000
Change: +98% · Conversion: Easy
AUTO REPAIR, GARAGE
$31,470,000
Change: +12% · Conversion: Difficult
RESTAURANT
$31,015,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$24,980,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$36.35M
Range $32.72M – $39.99M · ±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
$266 / 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
$315,833
Tax year 2023
Assessed value
$28,922,400
Assessed 2023
Previous assessed
$28,234,900
+2.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,504,300
Improvement market value
$28,793,100
Total market value
$30,297,400
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
136,400 SF
Lot
3.13 ac (136,517 SF)
Zoning code
MXDE
APN
04-000-90222437
UPID
US40-1120407
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MXDE · Hanover, MD
Zoning MXDE · permitted uses
MXDE · 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
OFFICE BUILDING Current
Est. value
$28.0M
COMMERCIAL (GENERAL)
Est. value
$55.5M
AUTO REPAIR, GARAGE
Est. value
$31.5M
RESTAURANT
Est. value
$31.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Ap 5 Lot B LLC
Entity
Mailing address
6711 COLUMBIA GTWY DR #3, COLUMBIA, MD 21046-2294
Ownership since
2013
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
Jan 16, 2013
—
Ap 5 Lot B LLC
Arundel Preserve 5 LLC
Grant Deed
—
Jul 25, 2005
—
Arundel Preserve 5 LLC
Kirk Property
Grant Deed
—
—
—
Arundel Preserve 5 LLC
—
Deed Of Trust
related
$20,000,000 · Pnc Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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