Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    162 Ww St Annapolis, MD 21401-2886

    • Office buildings
    • 1,566 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    3%
    Office buildings
    Location Intelligence
    Property ID
    US40-0113374
    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.

    Current Use by Public Records

    • Gormley Jarashow Bowman / Legal Services
    • Bowman Jarashow Law LLC / Legal Services

    Property Details for 162 Ww St

    Year built
    1978
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    1,566 SF
    Zone code
    MX
    Property type
    Office buildings
    APN
    06-000-04995800
    APU
    600004995800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $784,000
      Market price range: $223k - $785k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.4993
    Latitude
    38.9776
    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
    $13,060
    $468,300
    $441,200
    $909,500
    -
    $468,300
    $441,200
    $909,500

    Comparable in this City

    • Value Estimation by Request
      129,464 SF

      888 Bestgate Rd

      OFFICE BUILDING • 129,464 SF
      888 Bestgate Rd, Annapolis, MD 21401-3091
      View Details
    • Value Estimation
      $2,040,000
      7,700 SF

      1925 Ww St

      OFFICE BUILDING • 7,700 SF
      1925 Ww St, Annapolis, MD 21401-3930
      View Details
    • Value Estimation
      $1,650,000
      6,484 SF

      26 Ww St

      OFFICE BUILDING • 6,484 SF
      26 Ww St, Annapolis, MD 21401-2421
      View Details
    • Value Estimation
      $9,450,000
      67,842 SF

      2510 Riva Rd

      OFFICE BUILDING • 67,842 SF
      2510 Riva Rd, Annapolis, MD 21401-7405
      View Details
    • Value Estimation
      $1,015,000
      2,800 SF

      7 School St

      OFFICE BUILDING • 2,800 SF
      7 School St, Annapolis, MD 21401-1920
      View Details
    • Value Estimation
      $535,000
      1,184 SF

      18 Market Spc Spcct

      OFFICE BUILDING • 1,184 SF
      18 Market Spc Spcct, Annapolis, MD 21401-1816
      View Details

    Similar Nearby for Sale

    • $5,850,000
      1.13 Acres

      Annapolis Office Building For Sale

      Fully leased office building in Annapolis, Maryland, with recent renovations.
      2024 West St, Annapolis, MD 21401
      View Details
    • New
      $899,999
      1.17 Acres

      Annapolis Commercial Building For Sale

      Two-level commercial building near Annapolis Mall and Route 50.
      2563 Forest Dr, Annapolis, MD 21401
      View Details
    • $975,000

      Renovated Office Building Near Downtown

      Three-story renovated office building with ample parking near Annapolis.
      1205 West St, Annapolis, MD 21401
      View Details
    • $4,000,000

      Downtown Annapolis Office Building For Sale

      Office building in downtown Annapolis with parking, near Naval Academy.
      229 Hanover St, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Permit Ready Office/Retail/Medical Building

      Approved plans for up to 22,000 SF office/retail/medical building.
      1503 Forest Dr, Annapolis, MD 21401
      View Details
    • $435,000
      725 SF

      Freestanding Office Building For Sale

      725 SF freestanding office building with high visibility.
      131 Defense Hwy, Annapolis, MD 21401
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr

      Upgraded Office Building Near Annapolis

      Class A office space for rent near Annapolis Town Center.
      177-179 Admiral Cochrane Dr, Annapolis, MD 21401
      View Details
    • Contact for pricing
      8,797 SF

      Annapolis Office and Retail Space

      Office and retail building in Historic Annapolis with ample parking.
      1 Park Pl, Annapolis, MD 21401
      View Details
    • Contact for pricing
      10,000 SF

      Annapolis Medical Office Space For Lease

      Prime Annapolis medical office, 6,200 SF available.
      703 Giddings Ave, Annapolis, MD 21401
      View Details
    • $22 SF/Yr
      36,000 SF

      Annapolis Creative Office Space

      Prime Annapolis location, flexible suites available.
      111 Chinquapin Round Rd, Annapolis, MD 21401
      View Details
    • Contact for pricing
      21,375 SF

      300-314 Legion Ave

      Flex space • 21,375 SF
      300-314 Legion Ave, Annapolis, MD 21401
      View Details
    • $34 SF/Yr
      2,117 SF

      Medical Office Space For Rent

      Class A medical office space available near Annapolis.
      1728-1730 West St, Annapolis, MD 21401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    162 Ww St
    Annapolis, MD 21401-2886
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.