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Property profile & analytics
OFF-MARKET
Estimated value
$26,695,000
Apartment buildings
1910 Towne Ctr Blvd Annapolis, MD 21401-3598
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US40-0969849
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2009
Total area
271,003 SF
Lot
1.5 ac (65,253 SF)
Zoning code
TC
APN
02-010-90225783
UPID
US40-0969849
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
-
South River Technologies, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Secure Mentem, Inc. Security Service
-
Dr. Marianne Brandon Physician Medical Clinic
-
Portner & Shure, P.A. Law Firm
-
Value Insurance Group & Retirement Planning Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.51M
Blend (final)
Blend
$26.70M
Owner & transaction history
Annapolis Towne Centre Apartme · 19 yrs held
Annapolis Towne Centre Apartme
since 2007
2 recorded transactions
Zoning & alternative use
TC · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$43.9M
+159.4%
Auto repair, garage
$32.7M
+92.9%
Warehouse, storage
$29.5M
+74.5%
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
APARTMENT HOUSE (5+ UNITS)
$16,940,000
Current use
RESTAURANT
$43,940,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,670,000
Change: +93% · Conversion: Difficult
WAREHOUSE, STORAGE
$29,545,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$26.70M
Range $24.03M – $29.36M · ±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
$99 / 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
$682,519
Tax year 2023
Assessed value
$62,501,700
Assessed 2023
Previous assessed
$62,501,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$10,400,000
Assessed improvement
$52,101,700
Land market value
$10,400,000
Improvement market value
$52,101,700
Total market value
$62,501,700
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2009
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
9
Units
208
Total area
271,003 SF
Lot
1.5 ac (65,253 SF)
Zoning code
TC
APN
02-010-90225783
UPID
US40-0969849
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
TC · Annapolis, MD
Zoning TC · permitted uses
TC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$16.9M
RESTAURANT
Est. value
$43.9M
AUTO REPAIR, GARAGE
Est. value
$32.7M
WAREHOUSE, STORAGE
Est. value
$29.5M
APARTMENT HOUSE (5+ UNITS) Current
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
2009
Heating
HOT WATER
Cooling
Yes
Stories
9
Units
208
Lot
1.5 ac
Current owner
From public records · entity-resolved
Annapolis Towne Centre Apartme
Individual
Mailing address
PO BOX 4697, LOGAN, UT 84323-4697
Ownership since
2007
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 22, 2007
$6,240,000
Annapolis Towne Centre Apartme
Annapolis Towne Centre Of Parole
Deed Of Trust
$72,000,000 · Bank Of America
—
—
Annapolis Towne Centre Apartme
—
Deed Of Trust
related
$35,000,000 · Metropolitan Life Insurance
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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