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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Turn key restaurants
12 Defense St Annapolis, MD 21401-3103
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US40-0847405
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Construction
BRICK
Total area
6,160 SF
Lot
0.57 ac (25,000 SF)
Zoning code
TC
APN
02-000-03053405
UPID
US40-0847405
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
-
Double T Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$590k
Owner & transaction history
Koros INC · 28 yrs held
Koros INC
since 1997
6 recorded transactions
Zoning & alternative use
TC · 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
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$96 / 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
$21,758
Tax year 2023
Assessed value
$1,992,500
Assessed 2023
Previous assessed
$1,966,867
+1.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$568,700
Assessed improvement
$1,423,800
Land market value
$568,700
Improvement market value
$1,423,800
Total market value
$1,992,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,160 SF
Lot
0.57 ac (25,000 SF)
Zoning code
TC
APN
02-000-03053405
UPID
US40-0847405
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
TC · Annapolis, MD
Zoning TC · permitted uses
TC · 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
1998
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Koros INC
Entity
Mailing address
6300 BALTIMORE NATIONAL PIKE, BALTIMORE, MD 21228-3901
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
—
Koros INC
—
Loan Modification
related
$1,000,000,000 · Kopernik Bk
Oct 24, 1997
$905,000
Koros INC
Mcdonald`s,corpo
Grant Deed
$700,000 · Harbor Bank
—
—
Koros INC
—
Deed Of Trust
related
$500,000 · Sandy Spring Bank
—
—
Koros INC
—
Deed Of Trust
related
$400,000 · Sandy Spring Bank
—
—
Koros INC
—
Deed Of Trust
related
$1,250,000 · Sandy Spring Bank
—
—
Koros INC
—
Deed Of Trust
related
—
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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