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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Commercial land
1572 Annapolis Rd, Odenton, MD 21113-1018
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0776253
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1960
Total area
6,240 SF
Lot
0.08 ac (3,485 SF)
Zoning code
O-NOD
APN
04-000-05584600
UPID
US40-0776253
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
$2.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
North Odenton Associates II LLC · 2 yrs held
North Odenton Associates II LLC
since 2024
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
O-NOD · Odenton, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+81.0%
Restaurant
$3.0M
+75.6%
Auto repair, garage
$2.7M
+53.7%
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 Odenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odenton 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
$2,635,000
ML approach
$2,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,725,000
Current use
OFFICE BUILDING
$3,125,000
Change: +81% · Conversion: Easy
RESTAURANT
$3,030,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,655,000
Change: +54% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,615,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$2,585,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$2,285,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$2,080,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10% · vs last sale $2.75M (Mar 21 2022)
Last sale anchor
$2.75M
Mar 21 2022
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
$432 / 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
$437
Tax year 2023
Assessed value
$40,000
Assessed 2023
Previous assessed
$40,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$40,000
Land market value
$40,000
Total market value
$40,000
Applied tax rate
4.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
6,240 SF
Lot
0.08 ac (3,485 SF)
Zoning code
O-NOD
APN
04-000-05584600
UPID
US40-0776253
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
O-NOD · Odenton, MD
Zoning O-NOD · permitted uses
O-NOD · Odenton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odenton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1960
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
North Odenton Associates II LLC
Entity
Mailing address
1000 UNIVERSITY AVE STE #500, ROCHESTER, NY 14607-1293
Ownership since
2024
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
Apr 2, 2024
$2,492,070
North Odenton Associates II LLC
North Odenton Associates LLC
Special Warranty Deed
$14,815,000 · Community Development Administratio
Apr 2, 2024
—
North Odenton Associates II LLC
—
Deed
related
$1,400,000 · Arundel Community Development Services
Mar 21, 2022
$2,750,000
North Odenton Associates LLC
1572 LLC
Deed
—
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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