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Property profile & analytics
FOR LEASE
Turn key restaurants
1915 Towne Centre Blvd, Annapolis, MD 21401
Entity Owned
Absentee Owner
Free & Clear
Property ID
US40-0594545
For Lease
1 / 3
Contact for pricing
1915 Towne Centre Blvd, Annapolis, MD 21401
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
17,765 SF
Lot
0.99 ac (43,230 SF)
Zoning code
TC
APN
02-010-90227609
UPID
US40-0594545
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
-
Mint Julep Event Studio Wedding Service Event Planning
-
GrandView Condominiums Condominium Complex
-
John Leckliter - Aflac Insurance Agent Insurance Agency
-
Smyth Jewelers (Bike/Boat/Book/etc) Store
-
Paper Source (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fr Annapolis Tc LLC
Fr Annapolis Tc LLC
since 2026
Last sale
$173.5M
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$160,524
Tax year 2023
Assessed value
$14,700,000
Assessed 2023
Previous assessed
$21,427,233
-31.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,388,800
Assessed improvement
$13,311,200
Land market value
$1,388,800
Improvement market value
$13,311,200
Total market value
$14,700,000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
2008
Heating
YES
Cooling
YES
Stories
2
Units
2
Total area
17,765 SF
Lot
0.99 ac (43,230 SF)
Zoning code
TC
APN
02-010-90227609
UPID
US40-0594545
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.
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
2
Units
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Fr Annapolis Tc LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1906 TOWNE CTR BLVD, ANNAPOLIS, MD 21401-3676
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
$173,549,635
Fr Annapolis Tc LLC
Annapolis Towne Centre At Parole Ll
Special Warranty Deed
—
Feb 6, 2023
—
John E Fredland
—
Deed
related
$100,000 · Navy FCU
Jan 12, 2021
—
Mazziotti,massimo & Rosa Trust
Massimo Mazziotti
Quit Claim Deed
related
$452,300 · Nfm Lndg
Jul 23, 2010
$611,750
Knee Living Trust
Atc Land LLC
Grant Deed
—
Jul 7, 2010
$690,700
Leigh A Reiley
Atc Land LLC
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?”
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