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    Property profile & analytics

    203 Ridgely Ave Annapolis, MD 21401-1303

    • Medical offices
    • 11,680 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $3,270,000
    Last Sale
    Sep 08, 2022
    $3,300,000
    Location Intelligence
    Property ID
    US40-2227554
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jing Ying Institute of Kung Fu & Tai Chi / Tai Chi School
    • Krystal H. Register, RD / Nutritionist / Doctor
    • Alexander Kathryn DC / Chiropractor
    • Krystal Register / Nutritionist
    • Body Balance Yoga / Physical Fitness Program

    Property Details for 203 Ridgely Ave

    Year built
    1981
    Construction
    BRICK
    Lot size
    0.60 lot acres
    Property size
    11,680 SF
    Zone code
    PM
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    06-000-02805708
    APU
    600002805708

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,260,000
      6.5%
      $3,535,000
      7%
      $3,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,465,000
      Geo Method
      $2,945,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,780,000
      Retail
      $2,835,000
      Mixed-Use
      $3,425,000
      Hospitality
      $3,425,000
      Educational
      $3,975,000
      Residential Income
      $3,125,000
      Energy
      $3,705,000
      Income-Based Land
      $2,990,000
      Food Service
      $3,770,000

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5052
    Latitude
    38.9903
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,720
    $995,300
    $1,004,700
    $2,000,000
    -
    $995,300
    $1,004,700
    $2,000,000

    Comparable in this City

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      MEDICAL BUILDING • 59,405 SF
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      171 Defense Hwy

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      8,370 SF

      2568 Riva Rd

      MEDICAL BUILDING • 8,370 SF
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    • Value Estimation by Request
      52,228 SF

      2620 Riva Rd

      MEDICAL BUILDING • 52,228 SF
      2620 Riva Rd, Annapolis, MD 21401-7305
      View Details
    • Value Estimation by Request
      6,236 SF

      2114 Generals Hwy

      MEDICAL BUILDING • 6,236 SF
      2114 Generals Hwy, Annapolis, MD 21401-7488
      View Details

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    Similar Nearby for Lease

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      10,000 SF

      Annapolis Medical Office Space For Lease

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      Annapolis Medical Office Space

      Prime Annapolis location, multiple suites available.
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    • $24 SF/Yr
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      Medical Space Near Annapolis

      2150 SF medical space with ample parking available for rent.
      2661 Riva Rd, Annapolis, MD 21401
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    • $34 SF/Yr
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      Medical Office Space For Rent

      Class A medical office space available near Annapolis.
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      View Details
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    203 Ridgely Ave
    Annapolis, MD 21401-1303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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