1503 Forest Dr Annapolis, MD 21401
Property profile & analytics
1503 Forest Dr Annapolis, MD 21401
- Commercial land
- 3,900 SF
- 1.03 lot acres
Property ID
US40-0059828
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1503 Forest Dr
- Year built
- 1970
- Lot size
- 1.03 lot acres
- Property size
- 3,900 SF
- Zone code
- B2
- Property type
- Commercial land
- APN
- 06-000-08978225
- APU
- 600008978225
Description
This exceptional 1.07-acre commercial development site in Annapolis, Maryland, presents a unique investment opportunity. Located at 1503 Forest Drive, in Anne Arundel County (zip code 21401), this property boasts a B2 zoning designation and is fully approved for construction. Approved plans are available for a three-story office/retail building totaling up to 22,000 square feet, with potential for expansion up to 22,600 square feet. The design includes approximately 3,780 square feet of ground-floor retail space, ideal for a variety of uses. The site offers excellent visibility and accessibility, with frontage on both Forest Drive and Spa Road, and convenient access to Route 50 and I-97. The property also includes plans for approximately 70 surface parking spaces. Its location near Annapolis Middle School and minutes from Historic Downtown Annapolis makes it highly desirable. This permit-ready site is perfect for office, daycare, food service, retail, or medical uses. The asking price is $1,650,000. Don't miss this chance to develop a thriving commercial property in a prime Annapolis location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $670,000
- 6.5%
- $620,000
- 7%
- $575,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $620,000
Market price range: $564k - $1.29M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Annapolis
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.5122
- Latitude
- 38.9623
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,589
$1,155,200
$0.00
$1,155,200
-
$1,155,200
$0.00
$1,155,200
