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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Retail space
2077 Somerville Rd Annapolis, MD 21401-4177
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-1911442
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
11,205 SF
Lot
0.39 ac (17,032 SF)
Zoning code
TC
APN
02-010-90244964
UPID
US40-1911442
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
-
Xfinity Store by Comcast Telecommunications Service Data Center
-
The Joint Chiropractic Alternative Medicine Practice
-
Chesapeake Contracting Group Construction Company
-
Sturbridge Homes Construction Company General Contractor
-
VIO Med Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.11M
Owner & transaction history
17b Third Floor LLC · 7 yrs held
17b Third Floor LLC
since 2018
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10%
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
$188 / 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
$42,025
Tax year 2023
Assessed value
$3,848,400
Assessed 2023
Previous assessed
$3,198,567
+20.3% YoY
Effective rate
1.09%
On assessed value
Assessed land
$781,200
Assessed improvement
$3,067,200
Land market value
$781,200
Improvement market value
$3,067,200
Total market value
$3,848,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
11,205 SF
Lot
0.39 ac (17,032 SF)
Zoning code
TC
APN
02-010-90244964
UPID
US40-1911442
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
2018
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
17b Third Floor LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10096 RED RUN BLVD STE #100, OWINGS MILLS, MD 21117-4632
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2018
—
West Street 17b LLC
—
Deed
related
$1,000,000 · Branch Bk&tr
Jul 18, 2018
$4,604,325
17b Third Floor LLC
West Street 17b LLC
Grant Deed
—
Jul 18, 2018
$1,677,120
Hogan Holding Co Lc
West Street 17b LLC
Grant Deed
$1,975,000 · Branch Bk&tr
Aug 1, 2017
—
West Street 17b LLC
—
Deed
related
$75,000 · Branch Bk&tr
Jun 14, 2017
—
West Street 17b LLC
West Street Business Tr
Quit Claim Deed
related
—
—
—
West Street 17b LLC
—
Deed Of Trust
related
$75,000 · Branch Bk&tr
—
—
West Street 17b LLC
—
Loan Modification
related
$1,000,000 · Branch Bk&tr
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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