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    501 S Cherry Grove Ave Annapolis, MD 21401

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    For Lease
    Contact for pricing

    Retail space in CVS anchored center, Annapolis, MD.

    Property size:
    3,088 SF
    Lot size:
    6.99 Acres

    Property Features for 501 S Cherry Grove Ave

    General Information

    Size
    3,088 SF
    Lot size
    6.99 Acres

    Source: KLNB - Baltimore Agent Patrick A. M. Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Annapolis Retail Space For Rent

    This retail space is located in a CVS-anchored center on Forest Drive in Annapolis, Maryland, near the Town Center. The property is situated at a high-traffic, signalized intersection. The space is suitable for quick-serve restaurants. The property has a size of 3,088 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Village Greens shopping Center, Clock Tower Place Shopping Center, Gardner Center LLC, Ron gardner bldg, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5198625
    Latitude
    38.9688561

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    FAQs

    What type of property is this?
    Shopping center - Retail space in CVS anchored center, Annapolis, MD.
    Where is this shopping center located?
    The property is located at 501 S Cherry Grove Ave Annapolis, MD.
    What are key features of this property?
    This property features: - CVS anchored center provides built-in customer traffic.; - Located on Forest Drive in Annapolis.; - Close proximity to the Town Center.
    (410) 321-0100
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    Realmo Value Estimation

    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.

    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.

    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
    501 S Cherry Grove Ave Annapolis, MD 21401
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