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    Property profile & analytics
    OFF-MARKET Estimated value $755,000
    Office buildings

    115 Cathedral St, Annapolis, MD 21401-2790

    3,072 SF 0.06 ac lot Built 1965
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US40-0417755
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 115 Cathedral Street in Annapolis, Maryland, presents a unique investment opportunity. The building, a Class B office space totaling 3,150 square feet, was constructed in 1965 and offers a highly desirable downtown location. Its prime position provides unparalleled convenience, situated within walking distance of key government buildings including the State and County Office Buildings, the Court House, and the State Capital building. The Annapolis City Dock is also easily accessible on foot, placing the property at the heart of the city's vibrant social and commercial scene. The building's versatility is further enhanced by a recently renovated two-bedroom apartment on the second floor, offering additional income potential or private residential space. This makes it ideal for a variety of professional uses, particularly for attorneys, lobbyists, or any business seeking a prestigious downtown address. Ample parking is available, adding to the property's appeal. The surrounding area boasts a wealth of amenities, including a wide selection of restaurants, taverns, hotels, coffee shops, and entertainment venues, creating a thriving and convenient environment for both business and personal pursuits. The asking price for this remarkable property is $787,500. This presents a compelling opportunity to acquire a well-located, income-generating asset in the thriving city of Annapolis. The property's zip code is 21401, and it is located in Anne Arundel County.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Total area 3,072 SF
    Lot 0.06 ac (2,400 SF)
    Zoning code MX
    APN 06-000-09057300
    UPID US40-0417755
    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
    • Dowling John J Law Firm
    • Annapolis Transportation Solutions Car Rental Facility
    • Affordable Accounting Accounting Firm Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $755k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $794k
    Blend (final) Blend
    $755k
    Owner & transaction history
    Sandra M Woelfel · 2 yrs held
    Sandra M Woelfel
    since 2024
    Last sale
    $755,000
    4 recorded transactions
    2024
    $755,000
    2023
    2017
    2009
    $675,000
    Zoning & alternative use
    MX · Annapolis, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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