Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    8 Francis St Annapolis, MD 21401

    Sponsored
    For Lease
    $4,900 /Mo ($33 SF/Yr)

    CommercialLease - ANNAPOLIS, MD

    Type:Retail
    Lot size:
    0.04 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 4 at 5:06 am

    Property Features for 8 Francis St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1895
    Building materials
    Brick Front

    We can help!

    Listing Contact
    Melissa M Marsden

    Hoffman Real Estate,Inc. (410) 987-0567

    Listing agent Melissa M Marsden (410) 923-6666 License #527359

    Listing date Feb 4, 2026

    MLS# MDAA2136040

    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.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Historic Annapolis

    This retail space is located at the corner of Main and Francis Street in Historic Annapolis, Maryland. The property features a large display window and wood floors. It has a separate BGE meter. The location benefits from high foot traffic. The lease is $4900 per month, NNN. The tenant is responsible for taxes, the designated BGE meter, the designated oil tank for the oil furnace, electric AC, water, and trash. The lease term is 5 years with options. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Downtown Smoke Co. ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center 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
    -76.4893
    Latitude
    38.97791

    Nearby Similar for Lease

    • $3,500 /Mo
      50,965 SF

      Office Space Near Annapolis Mall

      Office space for lease near Annapolis Mall with great potential.
      2563 Forest Dr, Annapolis, MD 21401
      View Details
    • $1,300 /Mo
      87,120 SF

      West Annapolis Professional Office Space

      Standout office space in a well-appointed professional center.
      703 Giddings Ave, Annapolis, MD 21401
      View Details
    • $1,250 /Mo

      Annapolis Office Space For Lease

      Office space for lease in Annapolis, MD.
      68 State Cir, Annapolis, MD 21401
      View Details
    • $1,850 /Mo

      Annapolis Office Condo For Lease

      First floor office condo with immediate occupancy in Annapolis, MD.
      1831 #E Forest Dr, Annapolis, MD 21401
      View Details
    • $32 SF/Yr
      2,500 SF

      Annapolis Retail/Office Space Available

      Freestanding 2,500 SF space ideal for retail or office uses.
      921 Bay Ridge Ave, Annapolis, MD 21403
      View Details
    • $2,450 /Mo

      Annapolis Condo with Private Yard

      First-level condo with private yard and resort-style amenities.
      2015 Gov Thomas Bladen Way Way, Annapolis, MD 21401
      View Details
    • $1,500 /Mo

      Versatile Multi-Use Space Available Now

      Flexible space suitable for institutional, educational, religious, or health uses.
      339 Buschs Frontage Rd, Annapolis, MD 21409
      View Details
    • Contact for pricing
      2,729 SF

      Annapolis City Marina Office Space

      Class A waterfront office space in Annapolis' Eastport neighborhood.
      410 Severn Ave, Annapolis, MD 21403
      View Details
    • $50 SF/Yr

      Prime Office/Retail Space on Main

      2,947 SF office/retail space with access to Main Street.
      186 Main St, Annapolis, MD 21401
      View Details
    • $2,875 /Mo

      Spacious Apartment with Community Amenities

      Move-in ready apartment with pool, tennis, and included utilities.
      21 Silverwood Cir Cir, Annapolis, MD 21403
      View Details
    • Contact for pricing
      139,033 SF

      Annapolis Mall Auto Center Space

      Freestanding auto center with unparalleled visibility in Annapolis, MD.
      2002 Annapolis Mall Rd, Annapolis, MD
      View Details
    • $27 SF/Yr
      833 SF

      Newly Renovated Office Space

      Renovated office building with high visibility and ample parking.
      2568 -A Riva Rd, Annapolis, MD
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high foot traffic in Historic Annapolis, MD.
    Where is this retail space located?
    The property is located at 8 Francis St Annapolis, MD.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Corner of Main and Francis St in Historic Annapolis, Maryland.; - High Foot Traffic: Ideal for attracting customers.; - Large Display Window: Excellent for showcasing merchandise.
    (410) 923-6666
    Request Owner's contact information
    8 Francis St Annapolis, MD 21401
    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.
    8 Francis St
    Annapolis, MD 21401
    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
    8 Francis St Annapolis, MD 21401
    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

    We can help!
    Listing Contact
    Melissa M Marsden
    Real Estate License ID: 527359
    (410) 923-6666
    Learn more
    Google sign-in failed. Please try again or use another login method.