Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$25,775,000
Apartment buildings
1901 Ww St Annapolis, MD 21401-3930
Entity Owned
8-yr Hold
Property ID
US40-2374111
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2006
Total area
142,604 SF
Lot
6.43 ac (280,091 SF)
Zoning code
BCE
APN
06-000-04123000
UPID
US40-2374111
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
-
Annapolis Power Yoga Gym & Fitness Center
-
Yoga Factory Annapolis Gym & Fitness Center
-
Annapolis Apartments Real Estate Agency
-
Bell Annapolis on West Apartments Apartment Building Apartment Complex
-
Modern Carpet One Floor & Home General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.61M
Comparable Approach
Comparable
$21.94M
Blend (final)
Blend
$25.78M
Owner & transaction history
Bell Fund Vi West Street · 8 yrs held
Bell Fund Vi West Street
since 2017
3 recorded transactions
Zoning & alternative use
BCE · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$35.2M
+294.9%
Retail stores
$30.7M
+244.7%
Industrial (general)
$28.8M
+223.2%
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%
$32,075,000
6.5%
$29,610,000
7%
$27,495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$35,195,000
Change: +295% · Conversion: Moderate
RETAIL STORES
$30,725,000
Change: +245% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$28,805,000
Change: +223% · Conversion: Difficult
RESTAURANT
$23,120,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,190,000
Change: +93% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,550,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$25.78M
Range $23.20M – $28.35M · ±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
$181 / 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
$875,022
Tax year 2023
Assessed value
$60,934,700
Assessed 2023
Previous assessed
$60,934,700
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$15,000,000
Assessed improvement
$45,934,700
Land market value
$15,000,000
Improvement market value
$45,934,700
Total market value
$60,934,700
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
3
Units
300
Total area
142,604 SF
Lot
6.43 ac (280,091 SF)
Zoning code
BCE
APN
06-000-04123000
UPID
US40-2374111
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
BCE · Annapolis, MD
Zoning BCE · permitted uses
BCE · 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
COMMERCIAL (GENERAL)
Est. value
$35.2M
RETAIL STORES
Est. value
$30.7M
INDUSTRIAL (GENERAL)
Est. value
$28.8M
RESTAURANT
Est. value
$23.1M
AUTO REPAIR, GARAGE
Est. value
$17.2M
WAREHOUSE, STORAGE
Est. value
$15.6M
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2006
Heating
PACKAGE
Cooling
Yes
Stories
3
Buildings
5
Units
300
Lot
6.43 ac
Current owner
From public records · entity-resolved
Bell Fund Vi West Street
Entity
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2017
$76,401,954
Bell Fund Vi West Street
1901 West Investors LLC
Grant Deed
related
—
Mar 8, 2012
$68,000,000
1901 West Investors LLC
Westbridge Village LLC
Special Warranty Deed
—
Jul 28, 2004
$5,500,000
Westbridge Village LLC
J F Johnson Lumber Co
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1901 Ww St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
