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Property profile & analytics
OFF-MARKET
Estimated value
$14,350,000
Apartment buildings
130 Lubrano Dr, Annapolis, MD 21401-7038
Entity Owned
5-yr Hold
Property ID
US40-1393121
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
102,910 SF
Lot
2.45 ac (106,722 SF)
Zoning code
R-22
APN
02-000-90093557
UPID
US40-1393121
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
-
Finamore Services, Inc. Plumbing Service General Contractor
-
Greenway Consults Medical Clinic
-
Annapolis Psychological Associates Physician
-
Annapolis Pediatric Gastroenterology and Nutrition: Dr. Ahmet Aybar Pediatrician Medical Clinic
-
Lynch Fannon Angela R Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.35M
Owner & transaction history
Staples Corner Ventures LLC · 5 yrs held
Staples Corner Ventures LLC
since 2020
Last sale
$14.3M
3 recorded transactions
Zoning & alternative use
R-22 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$22.2M
+244.7%
Industrial (general)
$20.8M
+223.2%
Restaurant
$16.7M
+159.4%
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
$17,765,000
ML approach
$11,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$22,170,000
Change: +245% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$20,785,000
Change: +223% · Conversion: Difficult
RESTAURANT
$16,685,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,405,000
Change: +93% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,220,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$14.35M
Range $12.92M – $15.79M · ±10% · vs last sale $14.25M (Dec 16 2020)
Last sale anchor
$14.25M
Dec 16 2020
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
$139 / 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
$132,367
Tax year 2023
Assessed value
$12,121,500
Assessed 2023
Previous assessed
$12,121,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$8,521,500
Land market value
$3,600,000
Improvement market value
$8,521,500
Total market value
$12,121,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Heating
HEAT PUMP
Stories
5
Units
69
Total area
102,910 SF
Lot
2.45 ac (106,722 SF)
Zoning code
R-22
APN
02-000-90093557
UPID
US40-1393121
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R-22 · Annapolis, MD
Zoning R-22 · permitted uses
R-22 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$22.2M
INDUSTRIAL (GENERAL)
Est. value
$20.8M
RESTAURANT
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$12.4M
WAREHOUSE, STORAGE
Est. value
$11.2M
RETAIL STORES
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Stories
5
Units
69
Lot
2.45 ac
Current owner
From public records · entity-resolved
Staples Corner Ventures LLC
Entity
Mailing address
1334 DEFENSE HWY UNIT G, GAMBRILLS, MD 21054-1950
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$14,250,000
Staples Corner Ventures LLC
Conte Lubrano Apartments LLC
Deed
$10,687,500 · Sandy Spring Bank
Aug 1, 2019
—
Conte 166 LLC
—
Loan Modification
related
$7,900,435 · Old Line Bk
Jan 3, 2003
$483,000
Conte-lubrano Apartments LLC
Sabrina Properties
Grant Deed
$8,000,000 · Southtrust Bank NA
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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