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Property profile & analytics
FOR SALE
Retail space
115 West St Annapolis, MD 21401
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1412704
For Sale
1 / 30
$6,275,000
115 West St, Annapolis, MD 21401
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
1,200 SF
Lot
0.24 ac (10,560 SF)
Zoning code
MX
APN
06-000-00779092
UPID
US40-1412704
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
-
Premier Planning Group Financial Advisor
-
Josh Brawer with Vellum Mortgage Loan Service Bank
-
Josh David with Vellum Mortgage Loan Service Bank
-
Thrive Workplace Coworking & Hybrid Office
-
Luke Reeder with Vellum Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.39M
Owner & transaction history
115 West Street Mre LLC · 4 yrs held
115 West Street Mre LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
MX · 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
$5,445,000
ML approach
$5,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±10% · vs last sale $5.49M (Jan 25 2022)
Last sale anchor
$5.49M
Jan 25 2022
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
$4,488 / 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
$54,266
Tax year 2023
Assessed value
$3,779,000
Assessed 2023
Previous assessed
$3,779,000
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$629,200
Assessed improvement
$3,149,800
Land market value
$629,200
Improvement market value
$3,149,800
Total market value
$3,779,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2003
Heating
YES
Cooling
YES
Stories
4
Units
2
Total area
1,200 SF
Lot
0.24 ac (10,560 SF)
Zoning code
MX
APN
06-000-00779092
UPID
US40-1412704
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MX · Annapolis, MD
Zoning MX · permitted uses
MX · 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.
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
4
Units
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
115 West Street Mre LLC
Entity
Mailing address
705 GIDDINGS AVE STE #400, ANNAPOLIS, MD 21401-1407
Ownership since
2022
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
Jan 25, 2022
$5,485,000
115 West Street Mre LLC
115 West Street LLC
Deed
$3,591,250 · Peoplesbank
Aug 8, 2016
—
115 West Street LLC
—
Deed
related
$41,200,000 · First Mariner Bk
Feb 6, 2001
—
115 West Street LLC
Safelite Glass Corp
Grant Deed
related
—
Nov 28, 2000
—
Safelite Glass Corp
Safclite Realty Corp
Quit Claim Deed
related
—
—
—
115 West Street LLC
—
Deed Of Trust
related
$4,240,000 · Mercantile County Bank
—
—
115 West Street LLC
—
Deed Of Trust
related
$4,000,000 · Principal Commercial Funding
—
—
115 West Street LLC
—
Deed Of Trust
related
$41,200,000 · First Mariner 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.
Try Rey
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