Property profile

20 Ridgely Ave Annapolis, MD 21401

OFF-MARKET
Office buildings
Property ID
US40-0667741
31,766 SF 1.1 ac lot Built 1972
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional executive office space at 20 Ridgely Avenue in Annapolis, Maryland offers a variety of suite sizes perfect for businesses of all scales. Located in a Class B building constructed in 1972, the property boasts a total of 31,766 square feet, with a minimum divisible space of 396 square feet and a maximum contiguous space of 1,864 square feet. Currently, 5,608 square feet are vacant and ready for immediate occupancy. The building is zoned B2 and situated in Anne Arundel County, offering ample parking for tenants and visitors. This highly desirable West Annapolis location provides unparalleled convenience, with easy access to Route 50, the historic Annapolis city center, the United States Naval Academy, Anne Arundel Medical Center, and Parole Towne Centre. Enjoy the vibrant atmosphere of Annapolis, with premier dining and shopping options within walking distance, including the popular RAR Brewing and Agave Mexican Restaurant & Tequila Bar. This is an exceptional opportunity to establish your business in a thriving and accessible location. The property features multiple tenancies, allowing for flexibility in space requirements. Don't miss this chance to elevate your workspace in this sought-after Annapolis address. Contact us today to learn more about available suites and lease terms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Construction BRICK
Total area 31,766 SF
Lot 1.1 ac (47,916 SF)
Zoning code B2
APN 06-000-90046537
UPID US40-0667741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Hair Salon
  • Law Firm Child Welfare Organization
  • Medical Clinic
  • Foster Care Service Social Service Agency

Location

20 Ridgely Ave Annapolis, MD 21401-1410
Annapolis metro Census 706600 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.66M
Comparable Approach Comparable
$4.53M
Blend (final) Blend
$4.49M

Owner & transaction history

since 2026
2 recorded transactions
2026
$4.1M
1969
Price N/A

Zoning & alternative use

B2 · Annapolis, MD
Zoning description

The B2 Community Shopping District is designed to accommodate the needs of a large consumer population thus, a wide range of uses is permitted for both daily and occasional shopping

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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