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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Medical Office Space
104 Ridgely Ave Annapolis, MD 21401-1439
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0874116
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
BRICK
Total area
10,246 SF
Lot
0.37 ac (16,000 SF)
APN
06-000-07047600
UPID
US40-0874116
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
-
West Annapolis Surgery Center Medical Clinic Hospital
-
Catherine Wilson Physician
-
West Annapolis Medical Spa Spa & Massage Center Alternative Medicine Practice
-
The Sandel Duggal Center for Plastic Surgery Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.46M
Owner & transaction history
Pelham Properties LLC · 11 yrs held
Pelham Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
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
$142 / SF
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
$27,107
Tax year 2023
Assessed value
$1,887,700
Assessed 2023
Previous assessed
$1,860,233
+1.5% YoY
Effective rate
1.44%
On assessed value
Assessed land
$755,700
Assessed improvement
$1,132,000
Land market value
$755,700
Improvement market value
$1,132,000
Total market value
$1,887,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
10,246 SF
Lot
0.37 ac (16,000 SF)
APN
06-000-07047600
UPID
US40-0874116
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pelham Properties LLC
Entity
Mailing address
104 RIDGELY AVE, ANNAPOLIS, MD 21401-1439
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2025
—
Pelham Properties LLC
—
Deed
related
$3,200,000 · M & T Bank
Mar 1, 2021
—
Henry D Sandel IV
—
Deed
related
$2,290,000 · Severn Savings Bank Fsb
Mar 19, 2019
—
Henry D Sandel IV
—
Grant Deed
related
$3,070,717 · Severn Svgs Bk Fsb
Nov 21, 2014
$2,775,000
Pelham Properties LLC
Roeser Properties INC
Deed
$1,435,655 · Wells Fargo Bank NA
Aug 12, 1998
$100,000
Roeser Properties INC
Richard Roeser Pro Builder INC
Grant Deed
related
—
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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