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Property profile & analytics
OFF-MARKET
Turn key restaurants
100 Westgate Cir, Annapolis, MD 21401-4369
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1341691
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Total area
8,500 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MX
APN
06-667-90222203
UPID
US40-1341691
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Encore Rental Equipment Company Tech Support Center
-
The Westin Annapolis Hotel & Motel
-
Azure Restaurant
-
Jerome Parks Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Annapolis District Partners LLC · 2 yrs held
Annapolis District Partners LLC
since 2023
Last sale
$51.0M
4 recorded transactions
Zoning & alternative use
MX · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Annapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$497,820
Tax year 2023
Assessed value
$34,667,100
Assessed 2023
Previous assessed
$34,667,100
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$33,239,100
Land market value
$1,428,000
Improvement market value
$33,239,100
Total market value
$34,667,100
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Heating
YES
Cooling
YES
Stories
6
Units
2
Total area
8,500 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MX
APN
06-667-90222203
UPID
US40-1341691
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MX · Annapolis, MD
Zoning MX · permitted uses
MX · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Annapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
YES
Cooling
Yes
Stories
6
Units
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Annapolis District Partners LLC
Entity
Mailing address
7910 WOODMONT AVE #930, BETHESDA, MD 20814-3002
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$51,000,000
Annapolis District Partners LLC
Gpif Wann Hotel LLC
Special Warranty Deed
$44,900,000 · Wells Fargo Bank NA
Mar 30, 2018
$41,250,000
Gpif Wann Hotel LLC
Ch Realty V Of Annapolis Hotel
Grant Deed
—
Sep 11, 2012
$41,139,610
Ch Realty Viannapolis Hotel Pa
Park Place Hotel Trust
Grant Deed
$24,000,000 · Connecticut General Life Ins
—
—
Park Place Trust
—
Deed Of Trust
related
$35,000,000 · Manufacturers Traders & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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