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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Hotels
16 Church Cir Annapolis, MD 21401-1927
Trust Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1227439
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Construction
BRICK
Total area
24,280 SF
Lot
0.13 ac (5,740 SF)
Zoning code
C2
APN
06-000-00142608
UPID
US40-1227439
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
-
The Maryland Inn of the Historic Inns of Annapolis Hotel & Motel
-
Maryland Muffler Inc Auto Repair Shop
-
Treaty of Paris Restaurant Restaurant
-
Maryland Fisheries Services State Government Office
-
Twisted history tavern tour Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.78M
Owner & transaction history
Wilamington Trust National Associat · 2 yrs held
Wilamington Trust National Associat
since 2024
2 recorded transactions
Zoning & alternative use
C2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±10%
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
$114 / 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
$45,225
Tax year 2023
Assessed value
$3,149,400
Assessed 2023
Previous assessed
$3,149,400
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$517,200
Assessed improvement
$2,632,200
Land market value
$517,200
Improvement market value
$2,632,200
Total market value
$3,149,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Stories
5
Units
1
Total area
24,280 SF
Lot
0.13 ac (5,740 SF)
Zoning code
C2
APN
06-000-00142608
UPID
US40-1227439
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Annapolis, MDZoning C2 · permitted uses
C2 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 ac
Source
Realmo
Building & site characteristics
From public records
Construction
BRICK
Heating
FORCED AIR
Stories
5
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wilamington Trust National Associat
Trust
Mailing address
14185 DALLAS PKWY STE #1100, DALLAS, TX 75254-4308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Wilamington Trust National Associat
—
Deed
related
$395,000,000 · Annapolis Maryland Hotel Limited Partner
Jan 24, 2018
—
Annapolis Maryland Hotel LP
—
Grant Deed
related
$5,500,000 · Jp Morgan Chase Bk
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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