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    Property profile & analytics

    1038 Annapolis Rd Gambrills, MD 21054-1034

    • Assisted living facilities
    • 7,212 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $3,350,000
    Last Sale
    Feb 01, 2024
    $3,350,000
    Location Intelligence
    Property ID
    US40-1238697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1038 Annapolis Rd

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.93 lot acres
    Property size
    7,212 SF
    Zone code
    R2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    04-000-90097962
    APU
    400090097962

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,500,000
      6.5%
      $3,375,000
      7%
      $3,490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,535,000
      Geo Method
      $3,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,800,000
      Retail
      $3,380,000
      Mixed-Use
      $2,740,000
      Hospitality
      $2,790,000
      Educational
      $3,350,000
      Residential Income
      $3,630,000
      Energy
      $3,270,000
      Income-Based Land
      $3,675,000
      Food Service
      $2,990,000

    Location Insight

    • Map
    • Local Demand
    City
    Gambrills
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.683
    Latitude
    39.0773
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,554
    $0.00
    $0.00
    $1,790,667
    -
    $172,100
    $2,078,500
    $2,250,600

    Comparable in this City

    • Value Estimation
      $2,025,000
      4,006 SF

      1260 Defense Hwy

      HOMES (RETIRED, NURSING) • 4,006 SF
      1260 Defense Hwy, Gambrills, MD 21054-2018
      View Details
    • Value Estimation by Request
      72,925 SF

      2410 Evergreen Rd Ste, Unit 104

      HOMES (RETIRED, NURSING) • 72,925 SF
      2410 Evergreen Rd Ste, Gambrills, MD 21054-1979
      View Details
    • Value Estimation
      $2,000,000
      5,811 SF

      1262 Defense Hwy

      HOMES (RETIRED, NURSING) • 5,811 SF
      1262 Defense Hwy, Gambrills, MD 21054-2018
      View Details
    • Value Estimation
      $14,520,000
      87,919 SF

      1495 Riedel Rd

      HOMES (RETIRED, NURSING) • 87,919 SF
      1495 Riedel Rd, Gambrills, MD 21054
      View Details
    • Value Estimation by Request
      42,210 SF

      2401 Brandermill Blvd

      MEDICAL BUILDING • 42,210 SF
      2401 Brandermill Blvd, Gambrills, MD 21054-1690
      View Details
    • Value Estimation by Request
      1,356 SF

      959 Annapolis Rd

      MEDICAL BUILDING • 1,356 SF
      959 Annapolis Rd, Gambrills, MD 21054-1028
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail and dining destination in Gambrills, Maryland.
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      Retail and dining destination in Gambrills, Maryland.
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      Medical office space for lease in Waugh Chapel Town Centre.
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    • $32 SF/Yr
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      Office/Medical space in Waugh Chapel Town Center.
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      View Details
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    Gambrills, MD 21054-1034
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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
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