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Property profile & analytics
FOR SALE
Medical Office Space
2024 West St Annapolis, MD 21401
Entity Owned
26-yr Hold
Free & Clear
Property ID
US40-1287639
For Sale
$5,850,000
2024 West St, Annapolis, MD 21401
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
BRICK
Total area
26,451 SF
Lot
1.13 ac (49,223 SF)
Zoning code
TC
APN
02-000-03984650
UPID
US40-1287639
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
-
Melissa Pagan Pares Pediatrician Medical Clinic
-
James Telep Pediatrician Medical Clinic
-
Dr. Sally Mcbride Physician Medical Clinic
-
Elizabeth Connelly Physician
-
Terri Siegel - Keller Williams Lucido Agency Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.79M
Owner & transaction history
Dee Corp · 26 yrs held
Dee Corp
since 2000
3 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
$143 / 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
$56,027
Tax year 2023
Assessed value
$5,130,700
Assessed 2023
Previous assessed
$4,923,467
+4.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,469,000
Assessed improvement
$3,661,700
Land market value
$1,469,000
Improvement market value
$3,661,700
Total market value
$5,130,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1981
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Units
1
Total area
26,451 SF
Lot
1.13 ac (49,223 SF)
Zoning code
TC
APN
02-000-03984650
UPID
US40-1287639
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
TC · Annapolis, MDZoning TC · permitted uses
TC · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
4
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Dee Corp
Entity
Free & Clear · 26 yrs held
Mailing address
1641 STATE RTE 3RD N, CROFTON, MD 21114-2925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Apr 5, 2024
—
Dee Corporation
—
Deed
related
$3,500,000 · Shore United Bank NA
Apr 12, 2000
$3,000,000
Dee Corp
Sandy Spring National Bank Md
Grant Deed
—
—
—
Dee Corp
—
Deed Of Trust
related
$2,500 · Branch Banking & Trust Co Va
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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