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Financial
Distress signals
Property profile

1503 Forest Dr Annapolis, MD 21401

FOR SALE
Commercial land
View Listing
Property ID
US40-0059828
3,900 SF 1.03 ac lot Built 1970
Last sale Apr 2008 · $119,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 1.07-acre site with approved, permit-ready plans for a three-story mixed-use building suitable for office, retail, or medical use. The plans support up to approximately 22,000 square feet of gross building area, including about 3,780 square feet allocated to first-floor retail space. The site plan provides for 70 surface parking spaces and includes frontage along both Forest Road and Spa Road, with entry and exit access controlled by a traffic signal at the intersection of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$1.16M
Assessed land$1.16M
Effective rate1.44%

Value estimate

· Oct 2026
$545k
$491k – $600k
AI approach$400k
CAP approach$620k
Submarket $/SF estimate$621k
NOI build-up
Gross scheduled income$258k
Vacancy & credit loss−$46k
Operating expenses−$53k
NOI · 9.60% cap applied$158k

Realmo valuation models over county records and 28 qualifying comparable sales.

Recently sold

What actually traded nearby?
$553/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$219 – $1,164
Qualifying comparables28

Cap rate analysis

How does the asset earn?
9.60%
$158k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
The B2 Community Shopping District is designed to accommodate the needs of a large consumer population thus, a wide range of uses is perm...
General categoryCOMMERCIAL
JurisdictionANNE ARUNDEL

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.5
Spa & Massage16.3
Realty agency14.5

Location

1503 Forest Dr Annapolis, MD 21401
County assessor Recorded deeds · 6 transfers 28 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 14 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Bay Rdg, Annapolis, MD 21403 $23,618,535 Mar 2023 No data
Lincoln, Annapolis, MD 21403 $3,250,000 Apr 2020 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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