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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Specialty properties
1801 Hawkins Rd, Annapolis, MD 21401-6595
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0818130
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1968
Total area
3,741 SF
Lot
94.67 ac (4,123,869 SF)
Zoning code
RA
APN
02-000-09358400
UPID
US40-0818130
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
-
Pine Tree Family Recreation Center
-
Downtown Kitchen Works, LLC Restaurant
-
Bacon Ridge Park, Bike Trail Hiking Area
-
Pine Tree Associates Nudist Club
-
Bacon Ridge Trailhead - Hawkins Rd - South Hiking Area Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$525k
Owner & transaction history
Pine Tree Associates INC · 3 yrs held
Pine Tree Associates INC
since 2023
2 recorded transactions
Zoning & alternative use
RA · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$805,000
+99.6%
Auto repair, garage
$450,000
+11.7%
Warehouse, storage
$410,000
+1.0%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$405,000
Current use
RETAIL STORES
$805,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$450,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$360,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$140 / 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
$16,451
Tax year 2023
Assessed value
$1,506,500
Assessed 2023
Previous assessed
$1,495,500
+0.7% YoY
Effective rate
1.09%
On assessed value
Assessed land
$490,600
Assessed improvement
$1,015,900
Land market value
$490,600
Improvement market value
$1,015,900
Total market value
$1,506,500
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Units
179
Bathrooms
4
Total area
3,741 SF
Lot
94.67 ac (4,123,869 SF)
Zoning code
RA
APN
02-000-09358400
UPID
US40-0818130
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
RA · Annapolis, MD
Zoning RA · permitted uses
RA · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Annapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$405,000
RETAIL STORES
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$410,000
MEDICAL BUILDING
Est. value
$360,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Units
179
Bathrooms
4
Lot
94.67 ac
Current owner
From public records · entity-resolved
Pine Tree Associates INC
Entity
Mailing address
1801 HAWKINS RD, ANNAPOLIS, MD 21401-6595
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 12, 2023
—
Pine Tree Associates INC
—
Deed
related
$300,000 · First Citizens Bank & Trust Co
—
—
Pine Tree Associates INC
—
Deed Of Trust
related
$160,000 · Bank Of Glen Burnie
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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