7226 Albion Way, Hanover, MD 21076

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APN: 01-597622

7226 Albion Way, Hanover, MD 21076

Lot

Land Use
Commercial (General)
Lot Area (SF)
Lot Area (Acres)
Zoning
Frontage
Depth

Building

Year Built
Year Renovated
Stories
Number of Buildings
Existing Floor Area Ratio
Commercial Units
Residential Units
Total Units
Building Area
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Reported Ownership

Reported Owner
Mailing Address

Contact Information

Phone Number
Email Address
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Recorded Sales

Date Sales Price Buyer Seller Sales Doc # Multi-Property Sale
2017-08-30
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Mortgage Records

Date Lender(s) Amount Doc # Maturity Date Crossed-Debt Parcels
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Tax Data

2017
Total Assessed Value
Assessed Land Value
Assessed Improvement Value
Total Market Value
Land Market Value
Improvements Market Value
Tax Amount
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Popular searches around Hanover

Reonomy operates the most comprehensive database for Hanover Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Hanover commercial real estate professionals. Members from Hanover include brokers, investors and service providers, many of whom specialize in Hanover Commercial Real Estate.

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Hanover commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Hanover is $1,632,424. Commercial real estate sale prices in Hanover have a median of $478,767. The last 24 months of sales history has seen 531 sales, with 522 sales greater than $250,000, 59 sales valued at over $1,000,000, and 12 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Hanover over the last 24 months is $130.

Values and sold prices (last 24 months) United States Maryland Hanover
Average price/sqft $1,591 $5,408 $151
Median price/sqft $101 $135 $130
Average sold price $1,191,151 $5,755,105 $1,364,541
Median sold price $192,686 $416,839 $478,767
Number of sales 2,516,453 32,902 531
Number of sales over $250k 1,067,354 22,060 522
Number of sales over $1m 275,406 6,396 59
Number of sales over $10m 40,988 2,011 12
Average total tax amount $6,485 $9,030 $20,814
Average assessed value $294,422 $648,448 $1,632,424
Average market value $346,236 $672,366 $1,821,176

Hanover commercial real estate property averages

The average lot size of commercial real estate properties in Hanover is 15,363 sf. This is 32% below the Maryland average.

Property averages United States Maryland Hanover
Average lot size 837,104 sf 350,974 sf 112,789 sf
Median lot size 25,531 sf 21,323 sf 15,363 sf
Average building area 1,314 sf 4,336 sf 315 sf
Median building area 60 sf 79 sf 112 sf
Median year built 1964 1973 2002
Average number of units 21 16 29
Median number of units 2 2 2

Hanover commercial real estate total supply

There are 2,323 commercial real estate properties in Hanover. This is 197% below the Maryland average. The total acerage is 4,070 acres and the aggregate building area for commercial real estate properties in Hanover is 88,044 sf.

Supply United States Maryland Hanover
Number of parcels 51,649,673 443,274 2,323
Aggregate lot acerage 684,134,887 2,402,718 4,070
Aggregate building area 7,014,524,409 sf 274,705,181 sf 88,044 sf
Aggregate units 92,499,725 1,033,871 5,969

Hanover commercial real estate industrial mortgages

There are 597 mortgages for commercial real estate properties across Hanover in the Reonomy database. The average value of those mortgages is $18,818,633. This is 49% above the Maryland average.

Debt United States Maryland Hanover
Number of mortgages 16,067,545 133,137 597
Average value of mortgages $8,737,039 $11,348,684 $18,818,633

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