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Property profile & analytics
OFF-MARKET
Other commercial real estate
1321 Frst Dr Annapolis, MD 21403-1423
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-1376389
Property profile
Verified
Property type
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Year built
1964
Construction
BRICK
Total area
1,651 SF
Lot
0.7 ac (30,378 SF)
Zoning code
B2
APN
06-000-07583600
UPID
US40-1376389
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
-
Marc Bowen Quality Service Gas Station
-
Maryland Inspection Station Auto Repair Shop
-
Marc Bowen's Towing Auto Repair Shop
-
Lowry's Forest Drive Services Auto Repair Shop Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marc D Bowen LLC · 18 yrs held
Marc D Bowen LLC
since 2008
4 recorded transactions
Zoning & alternative use
B2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B2 Community Shopping District is designed to accommodate the needs of a large consumer population thus, a wide range of uses is permitted for both daily and occasional shopping
Zone name
Community Shopping
General category
COMMERCIAL
Zone area
98.89 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,275
Tax year 2023
Assessed value
$1,342,300
Assessed 2023
Previous assessed
$1,290,600
+4.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,091,200
Assessed improvement
$251,100
Land market value
$1,091,200
Improvement market value
$251,100
Total market value
$1,342,300
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
Other commercial real estate
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1964
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
1
Units
2
Total area
1,651 SF
Lot
0.7 ac (30,378 SF)
Zoning code
B2
APN
06-000-07583600
UPID
US40-1376389
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
B2 · Annapolis, MDZoning B2 · permitted uses
B2 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B2 Community Shopping District is designed to accommodate the needs of a large consumer population thus, a wide range of uses is permitted for both daily and occasional shopping
Zone name
Community Shopping
General category
COMMERCIAL
Zone area
98.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
2
Units
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Marc D Bowen LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1211 TRITON BCH RD, EDGEWATER, MD 21037-4640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 25, 2008
—
Marc D Bowen LLC
Lowry,james A
Grant Deed
related
—
Apr 18, 2008
$1,936,225
Marc Bowen LLC
Lowry,james A
Grant Deed
—
—
—
James A Lowry
—
Deed Of Trust
related
$600,000 · First National Bank Maryland
—
—
James A Lowry
—
Deed Of Trust
related
$263,000 · Manufacturers Traders & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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