Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10 ANNAPOLIS Street Annapolis, MD 21401

    View on Map
    For Sale
    Under Contract
    $975,000

    COMMERCIAL - ANNAPOLIS, MD

    Lot size:
    0.34 Acres
    Added:
    Sep 27, 2025
    Days on Market:
    188
    Last Refresh:
    Apr 2 at 3:06 pm

    Property Features for 10 ANNAPOLIS Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    8309

    We can help!

    Listing Contact
    David L Wright

    Listing agent David L Wright License #44740

    Listing office Coldwell Banker Realty 3 Church Circle, TIMONIUM, MD

    Listing date Sep 27, 2025

    MLS# MDAA2127370

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Annapolis Redevelopment Opportunity

    This property presents a redevelopment opportunity within an established boutique shopping and business district. The value is primarily in the land, which spans approximately 15,000 square feet. The property is offered "as is - where is" and was formerly the location of Tara's Gifts, situated at the gateway to West Annapolis. Its B1 zoning allows for retail, office, and residential uses. The location provides easy access to and from Route 50. It is within walking distance of offices, restaurants, shopping, downtown Annapolis, the US Naval Academy, and the Navy/Marine Corps Memorial Stadium. There is a potential assemblage opportunity with the adjacent buildings at 2-4 Annapolis Street, which generate gross rents totaling $20,700 per month from 6 retail and 2 residential tenants. The total land area for 2, 4, and 10 Annapolis Street is approximately 37,500 square feet, or 0.86 acres. The lot size of the property is 0.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tara's Parties & Gifts Event Planning

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.50115
    Latitude
    38.98963

    Nearby Similar for Sale

    • $745,000
      2,928 SF

      Annapolis Duplex with Income Potential

      Well-maintained duplex near downtown Annapolis, ideal for investors or owner-occupants.
      3 ELLIOTT Road, ANNAPOLIS, MD 21403
      View Details
    • $899,999

      Annapolis Commercial Building For Sale

      Two-level commercial building near Annapolis Mall and Route 50.
      2563 FOREST Drive, ANNAPOLIS, MD 21401
      View Details
    • $599,900
      2,300 SF

      Annapolis Mixed-Use Development Opportunity

      2300 sqft split-level property in historic Annapolis.
      212 DUKE OF GLOUCESTER Street, ANNAPOLIS, MD 21401
      View Details
    • $1,375,000
      2,649 SF

      Historic Annapolis Multifamily Investment

      Three fully furnished units near the Naval Academy.
      165 KING GEORGE Street, ANNAPOLIS, MD 21401
      View Details
    • $325,000

      Annapolis Corner Lot Opportunity

      0.65-acre corner lot in Annapolis near Route 50.
      668 N BESTGATE Road, ANNAPOLIS, MD 21401
      View Details
    • $5,850,000

      Annapolis Office Building For Sale

      Fully leased office building in Annapolis, Maryland, with recent renovations.
      2024 WEST Street, ANNAPOLIS, MD 21401
      View Details
    • $500
      7,438 SF

      Annapolis Commercial Building on Ridgely

      Freestanding 7,438 SF building ideal for diverse commercial uses.
      12-14 Ridgely Avenue, Annapolis, MD 21401
      View Details
    • $159,000

      Land in Oyster Harbor

      Land available in established Oyster Harbor neighborhood.
      1217 CROSS, ANNAPOLIS, MD 21403
      View Details
    • $353,735

      Annapolis Office Space For Sale

      Office suite with flexible layout in a central location.
      1160 Spa Road , Annapolis, MD 21403
      View Details
    • $975,000

      Renovated Office Building Near Downtown

      Three-story renovated office building with ample parking near Annapolis.
      1205 West Street , Annapolis, MD 21401
      View Details
    • $435,000
      725 SF

      Freestanding Office Building For Sale

      725 SF freestanding office building with high visibility.
      131 Defense Hwy, Annapolis, MD
      View Details
    • $750,000

      Mixed-Use Building in Parole Town

      Two-story mixed-use building with retail and residential potential.
      1989 West Street, Annapolis, MD 21401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for redevelopment in established shopping district, close to downtown.
    Where is this commercial land located?
    The property is located at 10 ANNAPOLIS Street Annapolis, MD.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Redevelopment opportunity in an established shopping and business district.; B1 zoning permits retail, office, and residential use.; Approximately 15,000 sq. ft. land value.
    (410) 353-1040
    We can help!
    Listing Contact
    David L Wright
    Real Estate License ID: 44740
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!