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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
111 Annapolis St Annapolis, MD 21401-1309
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0088410
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
BRICK
Total area
2,700 SF
Lot
0.17 ac (7,500 SF)
Zoning code
B1A
APN
06-000-07210500
UPID
US40-0088410
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
-
Psychological Services Ing Physician Medical Clinic
-
Vernick & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$815k
Owner & transaction history
111 Annapolis Enterprises LLC · 6 yrs held
111 Annapolis Enterprises LLC
since 2020
Last sale
$725,000
5 recorded transactions
Zoning & alternative use
B1A · 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
Method
Estimation
Statistic approach
$905,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $725k (May 20 2020)
Last sale anchor
$725k
May 20 2020
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
$302 / 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
$9,173
Tax year 2023
Assessed value
$638,800
Assessed 2023
Previous assessed
$638,800
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$428,700
Assessed improvement
$210,100
Land market value
$428,700
Improvement market value
$210,100
Total market value
$638,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
2,700 SF
Lot
0.17 ac (7,500 SF)
Zoning code
B1A
APN
06-000-07210500
UPID
US40-0088410
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
B1A · Annapolis, MDZoning B1A · permitted uses
B1A · Annapolis, MD
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
1968
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
111 Annapolis Enterprises LLC
Entity
Mailing address
211 OLD PADONIA RD, HUNT VALLEY, MD 21030-4939
Ownership since
2020
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
May 20, 2020
$725,000
111 Annapolis Enterprises LLC
Jacob M Antwerpen
Deed
$580,000 · First Citizens Bank & Trust Co
Mar 7, 2019
—
Jacob M Antwerpen
Antwerpen,jacob M & Dolores R
Quit Claim Deed
related
—
Dec 23, 2014
$750,000
Jacob M Antwerpen
Kardash,william J
Grant Deed
—
Oct 28, 2003
—
William J Kardash
Williams,jon E & Harley H
Quit Claim Deed
related
$695,000 · Annapolis Banking & Trust Co
—
—
Jacob M Antwerpen
—
Deed Of Trust
related
$750,000 · Bank Of Glen Burnie
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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