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Property profile & analytics
OFF-MARKET
Specialty properties
14 Ridgely Ave Annapolis, MD 21401
Trust Owned
7-yr Hold
Free & Clear
Property ID
US40-2345464
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1965
Construction
BRICK
Total area
7,438 SF
Lot
0.71 ac (30,800 SF)
Zoning code
B2
APN
06-000-03328451
UPID
US40-2345464
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
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
Hardesty Family Trust II · 7 yrs held
Hardesty Family Trust II
since 2018
6 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
$24,192
Tax year 2023
Assessed value
$1,684,700
Assessed 2023
Previous assessed
$1,656,433
+1.7% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,101,100
Assessed improvement
$583,600
Land market value
$1,101,100
Improvement market value
$583,600
Total market value
$1,684,700
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1965
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
7,438 SF
Lot
0.71 ac (30,800 SF)
Zoning code
B2
APN
06-000-03328451
UPID
US40-2345464
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
1965
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Hardesty Family Trust II
Trust
Free & Clear · 7 yrs held
Mailing address
12 RIDGELY AVE, ANNAPOLIS, MD 21401-1402
Ownership since
2018
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
Nov 7, 2018
—
Hardesty Family Trust II
Hardesty Family Trust II
Quit Claim Deed
related
—
May 24, 2007
—
Hardesty T & J Fam Trust II
Hardesty Jacklyn W Trust
Quit Claim Deed
related
—
Mar 14, 2006
$40,000
Hardesty Jacklyn W Trust
Hardesty Properties LLC
Grant Deed
related
—
Mar 29, 2004
—
Hardesty Properties LLC
—
Deed Of Trust
related
$1,000,000 · Wachovia Bank NA
—
—
William A Busik
—
Deed Of Trust
related
—
—
—
Properties Hardesty
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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