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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
212 Ww St Annapolis, MD 21401-3424
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-2361692
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
BRICK
Total area
1,200 SF
Lot
0.07 ac (3,000 SF)
Zoning code
MX
APN
06-000-04687200
UPID
US40-2361692
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
-
Leo Annapolis Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$535k
Owner & transaction history
Twelve Eight East LLC · 7 yrs held
Twelve Eight East LLC
since 2019
5 recorded transactions
Zoning & alternative use
MX · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas
Zone name
Mixed Use
General category
MIXED_USE
Zone area
50.56 ac
Source
Realmo
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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$446 / 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
$10,872
Tax year 2023
Assessed value
$757,100
Assessed 2023
Previous assessed
$648,833
+16.7% YoY
Effective rate
1.44%
On assessed value
Assessed land
$453,500
Assessed improvement
$303,600
Land market value
$453,500
Improvement market value
$303,600
Total market value
$757,100
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
2
Total area
1,200 SF
Lot
0.07 ac (3,000 SF)
Zoning code
MX
APN
06-000-04687200
UPID
US40-2361692
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
MX · Annapolis, MDZoning MX · permitted uses
MX · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas
Zone name
Mixed Use
General category
MIXED_USE
Zone area
50.56 ac
Source
Realmo
Building & site characteristics
From public records
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Twelve Eight East LLC
Entity
Mailing address
1627 12TH ST NW, WASHINGTON, DC 20009-4301
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
Twelve Eight East LLC
—
Deed
related
$630,000 · Linkbank
Mar 5, 2019
$815,000
Twelve Eight East LLC
South Park Properties LLC
Grant Deed
$652,000 · Virginia Ptrs Bk
Oct 5, 2017
—
South Park Properties LLC
—
Deed
related
$695,000 · Chain Bridge Bk NA
Mar 19, 2004
$325,000
South Park Properties LLC
Leanos,speros J
Grant Deed
$400,000 · Suntrust Bank NA
—
—
South Park Properties LLC
—
Deed Of Trust
related
$695,000 · Chain Bridge Bk NA
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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