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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Outlet malls
11 Hudson St Annapolis, MD 21401-3149
Entity Owned
23-yr Hold
Free & Clear
Property ID
US40-0667369
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1974
Construction
BRICK
Total area
3,456 SF
Lot
2.19 ac (95,396 SF)
Zoning code
W2
APN
02-000-90007480
UPID
US40-0667369
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
-
Ferguson HVAC Supply Big Box & Wholesale Store Building Supply
-
Ferguson Plumbing Supply Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$910k
Owner & transaction history
11 Hudson LLC · 23 yrs held
11 Hudson LLC
since 2003
7 recorded transactions
Zoning & alternative use
W2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+2.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,430,000
Current use
AUTO REPAIR, GARAGE
$1,470,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,265,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: -16% · Conversion: Easy
WAREHOUSE, STORAGE
$1,150,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$263 / 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
$33,785
Tax year 2023
Assessed value
$3,093,900
Assessed 2023
Previous assessed
$3,034,767
+1.9% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,341,500
Assessed improvement
$1,752,400
Land market value
$1,341,500
Improvement market value
$1,752,400
Total market value
$3,093,900
Applied tax rate
2.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1974
Construction
BRICK
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
3,456 SF
Lot
2.19 ac (95,396 SF)
Zoning code
W2
APN
02-000-90007480
UPID
US40-0667369
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W2 · Annapolis, MD
Zoning W2 · permitted uses
W2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
4
Lot
2.19 ac
Current owner
From public records · entity-resolved
11 Hudson LLC
Entity
Free & Clear · 23 yrs held
Mailing address
3000 N OCEAN DR APT PH-F, RIVIERA BEACH, FL 33404-3268
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2018
—
11 Hudson LLC
—
Deed
related
$2,646,050 · Sandy Spring Bk
Oct 18, 2017
—
11 Hudson LLC
—
Deed
related
$200,000 · Severn Svgs Bk Fsb
Apr 5, 2011
—
11 Hudson LLC
—
Deed Of Trust
related
$1,025,000 · Commerce First Bank
Mar 19, 2003
—
11 Hudson LLC
Day,james A
Grant Deed
related
—
—
—
11 Hudson LLC
—
Deed Of Trust
related
$2,646,050 · Sandy Spring Bank
—
—
11 Hudson LLC
—
Loan Modification
related
$200,000 · Severn Svgs Bk Fsb
—
—
11 Hudson LLC
—
Loan Modification
related
$2,646,050 · Sandy Spring Bk
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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