Property profile

115 Cathedral St Annapolis, MD 21401

OFF-MARKET
Office buildings
Property ID
US40-0417755
3,072 SF 0.06 ac lot Built 1965
Individually Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Law Firm
  • Car Rental Facility
  • Accounting Firm Tax Preparation

Location

115 Cathedral St Annapolis, MD 21401-2790
Annapolis metro Census 706102 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$755,000
4 recorded transactions
2024
$755,000
2023
Price N/A
2017
Price N/A
2009
$675,000

Zoning & alternative use

MX · Annapolis, MD
Zoning description

The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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