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Property profile & analytics
OFF-MARKET
Estimated value
$29,810,000
Office buildings
170 Jennifer Rd Annapolis, MD 21401-3064
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1012878
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,862 SF
Lot
3.74 ac (162,914 SF)
Zoning code
TC
APN
02-000-90022728
UPID
US40-1012878
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
-
Anchored Hope Therapy, LLC Counselor Psychotherapist
-
The Bay Group® Coldwell Banker Residential Brokerage Real Estate Agency
-
Eastern Shore, Chesapeake Bay Area, Annapolis & Maryland Homes for Sale Real Estate Agency
-
SunTrust Mortgage Loan Service Bank
-
HUB International Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$38.60M
Blend (final)
Blend
$29.81M
Owner & transaction history
Fkw Jennifer LLC · 8 yrs held
Fkw Jennifer LLC
since 2018
2 recorded transactions
Zoning & alternative use
TC · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$35,140,000
Current use
RESTAURANT
$30,540,000
Change: -13% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$28,635,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$29.81M
Range $26.83M – $32.79M · ±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
$474 / 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
$180,196
Tax year 2023
Assessed value
$16,501,500
Assessed 2023
Previous assessed
$16,400,000
+0.6% YoY
Effective rate
1.09%
On assessed value
Land market value
$4,962,000
Improvement market value
$11,742,500
Total market value
$16,704,500
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
62,862 SF
Lot
3.74 ac (162,914 SF)
Zoning code
TC
APN
02-000-90022728
UPID
US40-1012878
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
TC · Annapolis, MDZoning TC · permitted uses
TC · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$35.1M
RESTAURANT
Est. value
$30.5M
INDUSTRIAL (GENERAL)
Est. value
$28.6M
OFFICE BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Fkw Jennifer LLC
Entity
Mailing address
8601 ROBERT FULTON DR STE #100, COLUMBIA, MD 21046-2599
Ownership since
2018
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
Jul 12, 2018
$16,400,000
Fkw Jennifer LLC
Annapolis Office Plaza LLC
Grant Deed
$11,200,000 · Miscellaneous Ins Co
—
—
Annapolis Office Plaza LLC
—
Deed Of Trust
related
$5,160,000 · State Life Ins Co
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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