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Property profile & analytics
OFF-MARKET
Estimated value
$5,225,000
Medical Office Space
129 Lubrano Dr Annapolis, MD 21401-7564
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1211787
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
30,537 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C2
APN
02-000-90231903
UPID
US40-1211787
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
-
Naptown Smiles Dental Office
-
Tyson Bross, DMD, PhD, LLC Dental Office
-
Dr. Nilda M. Collins, DMD Dental Office
-
Dr. Todd Harrison, DPM Physician
-
Cynthia H. Clark & Associates, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.23M
Owner & transaction history
129 Lubrano LLC · 7 yrs held
129 Lubrano LLC
since 2019
4 recorded transactions
Zoning & alternative use
C2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Blend value · Realmo final
$5.23M
Range $4.70M – $5.75M · ±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
$171 / 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
$86,602
Tax year 2023
Assessed value
$7,930,600
Assessed 2023
Previous assessed
$7,756,467
+2.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,060,800
Assessed improvement
$5,869,800
Land market value
$2,060,800
Improvement market value
$5,869,800
Total market value
$7,930,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
30,537 SF
Lot
1.84 ac (80,150 SF)
Zoning code
C2
APN
02-000-90231903
UPID
US40-1211787
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Annapolis, MDZoning C2 · permitted uses
C2 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2010
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
129 Lubrano LLC
Entity
Free & Clear · 7 yrs held
Mailing address
130 LUBRANO DR STE #200, ANNAPOLIS, MD 21401-7043
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
127 Lubrao LLC
—
Deed
related
$6,179,851 · Shore United Bank NA
May 31, 2019
—
129 Lubrano LLC
Conte Investments LLC
Grant Deed
—
—
—
Conte Investments LLC
—
Deed Of Trust
related
$250,000 · Northwest Savings Bank
—
—
Conte Investments LLC
—
Deed Of Trust
related
$6,570,000 · Northwest Savings Bank
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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