Ground-Level Retail/Office
141 WEST STREET Unit 103 Annapolis, MD 21401
New
141 WEST STREET Unit 103, Annapolis, MD, 21401
$469,000
For Sale
$469,000
Ground-level suite with an open layout and one dedicated parking space in downtown Annapolis.
Property Size1,009 SF
Price / SF$464.82
Days on Market5
Property Features for 141 WEST STREET Unit 103
General Information
- Standard status
- Active
- Size
- 1,009 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2020
Listing agency
KC Realty Group
(202) 313-2590
Listed by
Chekesha Catlin
(202) 313-2590
Source
Xome
Added: Jul 17 Updated: Jul 21 at 6:01AM Checked: Jul 21 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KC Realty Group
Investment Insights
Based on property information with market context.
141 West Street, Unit 103, presents a ground-level retail/office suite with an open layout designed for customization. The space is offered as a condo unit and is set up to accommodate a range of professional retail or office concepts, subject to permitting.
The suite is located in the heart of downtown Annapolis in a highly visible, walkable area. It also includes one dedicated parking space, providing convenient access in a dense urban setting.
The condo fee is estimated at $591 monthly. Prospective buyers should contact the City of Annapolis Permitting office to verify their intended use.
The suite is located in the heart of downtown Annapolis in a highly visible, walkable area. It also includes one dedicated parking space, providing convenient access in a dense urban setting.
The condo fee is estimated at $591 monthly. Prospective buyers should contact the City of Annapolis Permitting office to verify their intended use.
Key Highlights
- Ground‑level retail/office condo suite with an open layout at 141 West Street, Suite 103 in downtown Annapolis
- Year built: 2020
- Central air cooling and heating system (Heating: 3)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.8k | $21.60 |
| − Vacancy | −$1.4k | −$1.38 |
| EGI | $20.4k | $20.22 |
| − OpEx | −$6.1k | −$6.07 |
| NOI | $14.3k | $14.15 |
1,009 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$204.0K
$178.5K – $238.0K
NOI $14,281 @ 7.0% cap · market cap 3.04%
Second Best
Mixed Use
$148.9K
$130.3K – $173.7K
NOI $10,420 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$295.2K
$258.3K – $344.4K
NOI $20,661 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Curate Annapolis Cafe ...
Bakery
West141 Condos
Housing Development
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FAQs
What type of property is this?
Mixed-use property - Ground-level suite with an open layout and one dedicated parking space in downtown Annapolis.
Where is this mixed-use property located?
The property is located at 141 WEST STREET Unit 103 Annapolis, MD.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Ground‑level retail/office condo suite with an open layout at 141 West Street, Suite 103 in downtown Annapolis; Year built: 2020; Central air cooling and heating system (Heating: 3)
