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    Property profile & analytics

    1841 St Margarets Rd Annapolis, MD 21409

    • Retail properties
    • 2,242 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1841 St Margarets Rd

    Year built
    1950
    Lot size
    0.18 lot acres
    Property size
    2,242 SF
    Property type
    Retail properties

    Description

    Discover a fantastic retail opportunity in San Pedro's thriving Arts District. This single-tenant space at 415 W 6th Street boasts 3,300+ square feet of versatile commercial space, ideal for showcasing products or services. The property features attractive design elements including sleek cement floors and impressive high ceilings, creating a modern and inviting atmosphere. Its location just blocks from the LA Waterfront ensures high visibility and accessibility, benefiting from significant foot traffic. This prime location within the Arts District offers a vibrant and growing community, perfect for businesses seeking a dynamic environment. The space is available for lease at a highly competitive monthly rate of $4,900. This represents an exceptional value for a property of this size and location, offering significant potential for growth and success. The property is classified as retail with an office subtype, making it suitable for a variety of businesses. Don't miss this chance to establish your business in a sought-after area; inquire today to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.4757
    Latitude
    39.0049

    Comparable in this City

    • Value Estimation by Request
      2,242 SF

      1841 St Margarets Rd

      Retail properties • 2,242 SF
      1841 St Margarets Rd, Annapolis, MD 21409
      View Details
    • Value Estimation by Request
      89,406 SF

      1544-1598 Whitehall Rd

      Neighborhood centers • 89,406 SF
      1544-1598 Whitehall Rd, Annapolis, MD 21409
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    • Value Estimation by Request
      1,014 SF

      737 Red Cedar Rd

      AUTO REPAIR, GARAGE • 1,014 SF
      737 Red Cedar Rd, Annapolis, MD 21409-6037
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    • Value Estimation
      $3,820,000
      21,108 SF

      333 Buschs Frontage Rd

      VEHICLE SALES, RENTALS • 21,108 SF
      333 Buschs Frontage Rd, Annapolis, MD 21409-5534
      View Details
    • Value Estimation
      $1,130,000
      4,791 SF

      1456 Whitehall Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,791 SF
      1456 Whitehall Rd, Annapolis, MD 21409-5628
      View Details
    • Value Estimation
      $990,000
      4,948 SF

      321 Buschs Frontage Rd

      CONVENIENCE STORE • 4,948 SF
      321 Buschs Frontage Rd, Annapolis, MD 21409-5534
      View Details

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      Jemal's Bay 50 Shopping Center

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    Annapolis, MD 21409
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    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
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