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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Industrial properties
2 Willow St, Annapolis, MD 21401-3113
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0070354
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
2008
Total area
5,320 SF
Lot
0.33 ac (14,200 SF)
Zoning code
TC
APN
02-536-08174600
UPID
US40-0070354
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
-
Mealey Signs (Bike/Boat/Book/etc) Store Printing Service
-
Proactive Heating & Air conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.56M
Owner & transaction history
Proactive Management LLC · 2 yrs held
Proactive Management LLC
since 2023
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
TC · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+6.7%
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
$1,625,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,425,000
Current use
RESTAURANT
$2,585,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,265,000
Change: -7% · Conversion: Easy
RETAIL STORES
$2,205,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$1,950,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.48M (Nov 27 2023)
Last sale anchor
$1.48M
Nov 27 2023
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
$292 / 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
$8,322
Tax year 2023
Assessed value
$762,100
Assessed 2023
Previous assessed
$762,100
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$420,200
Assessed improvement
$341,900
Land market value
$420,200
Improvement market value
$341,900
Total market value
$762,100
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
2008
Heating
HEAT PUMP
Stories
1
Units
1
Bathrooms
1
Total area
5,320 SF
Lot
0.33 ac (14,200 SF)
Zoning code
TC
APN
02-536-08174600
UPID
US40-0070354
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Heating
HEAT PUMP
Stories
1
Units
1
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Proactive Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2002 MONTICELLO DR, ANNAPOLIS, MD 21401-3178
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$1,475,000
Proactive Management LLC
Mealey LLC
Deed
—
Nov 10, 2003
$250,000
Mealey LLC
Mealey,mary P
Grant Deed
related
$250,000 · Sandy Spring Bank
—
—
Mealey LLC
—
Deed Of Trust
related
$1,080,000 · Sandy Spring Bank
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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