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Property profile & analytics
OFF-MARKET
Manufacturing properties
Baltimore Washington Pkwy, Hanover, MD 21076
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1803329
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
STEEL FRAME
Total area
162,060 SF
Lot
10.27 ac (447,361 SF)
Zoning code
W1
APN
05-620-07654460
UPID
US40-1803329
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
by Request
Owner & transaction history
Exeter 7200 Standard LP · 1 yrs held
Exeter 7200 Standard LP
since 2024
Last sale
$27.0M
7 recorded transactions
Zoning & alternative use
W1 · Hanover, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$85,299
Tax year 2023
Assessed value
$7,811,233
Assessed 2023
Previous assessed
$7,630,100
+2.4% YoY
Effective rate
1.09%
On assessed value
Land market value
$2,371,200
Improvement market value
$5,802,300
Total market value
$8,173,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
162,060 SF
Lot
10.27 ac (447,361 SF)
Zoning code
W1
APN
05-620-07654460
UPID
US40-1803329
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1 · Hanover, MD
Zoning W1 · permitted uses
W1 · 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.
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
10.27 ac
Current owner
From public records · entity-resolved
Exeter 7200 Standard LP
Entity
Mailing address
1ST SMT AVE STE #250, OAKBROOK TERRACE, IL 60181-3970
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
—
Exeter 7200 Standard LP
—
Deed
related
$187,210,000 · Nationwide Life And Annuity Insurance Co
Dec 5, 2024
$27,000,000
Exeter 7200 Standard LP
Ag Hs Standard Drive Property Owner
Special Warranty Deed
$18,900,000 · Eqt Exeter Industrial Core Plus Fun
Nov 30, 2022
—
Ag Hs Standard Drive Property Owner
—
Deed
related
$16,340,000 · M & T Bank
Sep 22, 2022
$21,800,000
Ag Hs Standard Drive Property Owner
Kagner Again LLC
Special Warranty Deed
$11,600,880 · Ag Funds Portfolio Parent III Membe
Jan 12, 2021
—
Kagner Again LLC
—
Deed
related
$8,942 · Atlantic Union Bank
Feb 22, 2019
—
Kagner Again LLC
—
Grant Deed
related
$8,942,000 · Union Svc Corp
Dec 19, 2018
$7,800,000
Kagner Again LLC
Rref III P Md Parkway 7200 LLC
Special Warranty Deed
—
Oct 30, 2018
—
Rref III-p Md Parkway 7100 L
—
Grant Deed
related
$49,920,000 · Cibc
Oct 25, 2018
$2,100,000
Rref III-p Md Parkway 7200 LLC
Parkway LLC
Grant Deed
—
Jun 28, 2005
$78,250
Parkway LLC
Caleast Industrial Investors LLC
Grant Deed
—
Nov 19, 2002
—
Caleast Industrial Investors
Tbc Parkway Industrial Center
Grant Deed
related
—
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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