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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
177 Defense Hwy Annapolis, MD 21401-7006
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-1440821
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
BRICK
Total area
9,940 SF
Lot
0.84 ac (36,503 SF)
Zoning code
C4
APN
02-000-01622300
UPID
US40-1440821
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
-
New American Funding - Edwin Garay Loan Service Bank
-
New American Funding - Annapolis, MD Loan Service Bank
-
Owner Rep Consulting Construction Company
-
Annapolis Bows & Violins (Bike/Boat/Book/etc) Store
-
Charleen Keitel, CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
NICHOLS CENTER VNT
NICHOLS CENTER VNT
Zoning & alternative use
C4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$12,491
Tax year 2023
Assessed value
$1,143,900
Assessed 2023
Previous assessed
$1,143,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$755,000
Assessed improvement
$388,900
Land market value
$755,000
Improvement market value
$388,900
Total market value
$1,143,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Total area
9,940 SF
Lot
0.84 ac (36,503 SF)
Zoning code
C4
APN
02-000-01622300
UPID
US40-1440821
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Annapolis, MDZoning C4 · permitted uses
C4 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
BRICK
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
NICHOLS CENTER VNT
Individual
Free & Clear · 0 yrs held
Mailing address
2144 PRIEST BRG CT STE #1, CROFTON, MD 21114-2555
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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