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    Property profile & analytics

    217 Main St Annapolis, MD 21401-2004

    • Office buildings
    • 1,942 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Location Intelligence
    Property ID
    US40-0426880
    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

    • NV'y Optical on Main - Annapolis Eye Doctor / Optician / Optometrist
    • Veera Patel, OD - Annapolis Eye Doctor / Optometrist

    Property Details for 217 Main St

    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property size
    1,942 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    06-000-00234105
    APU
    600000234105

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $415,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $420,000
      Mixed-Use
      $430,000
      Hospitality
      $450,000
      Educational
      $400,000
      Residential Income
      $385,000
      Energy
      $485,000
      Income-Based Land
      $460,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.4917
    Latitude
    38.978
    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
    $10,804
    $496,900
    $255,500
    $752,400
    -
    $496,900
    $255,500
    $752,400

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      OFFICE BUILDING • 54,762 SF
      200 Harry S Truman Pkwy, Annapolis, MD 21401-7601
      View Details
    • Value Estimation by Request
      68,688 SF

      181 Harry S Truman Pkwy

      OFFICE BUILDING • 68,688 SF
      181 Harry S Truman Pkwy, Annapolis, MD 21401-7574
      View Details
    • Value Estimation by Request
      3,200 SF

      44 Hudson St

      OFFICE BUILDING • 3,200 SF
      44 Hudson St, Annapolis, MD 21401-3111
      View Details
    • Value Estimation by Request
      129,464 SF

      888 Bestgate Rd

      OFFICE BUILDING • 129,464 SF
      888 Bestgate Rd, Annapolis, MD 21401-3091
      View Details
    • Value Estimation by Request
      1,184 SF

      18 Market Spc Spcct

      OFFICE BUILDING • 1,184 SF
      18 Market Spc Spcct, Annapolis, MD 21401-1816
      View Details

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    217 Main St
    Annapolis, MD 21401-2004
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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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