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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Investment properties
2569 Housley Rd Annapolis, MD 21401-6751
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1940566
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1954
Total area
1,620 SF
Lot
0.25 ac (10,802 SF)
Zoning code
C2
APN
02-417-04110400
UPID
US40-1940566
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
-
Micro Performance Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$518k
Blend (final)
Blend
$590k
Owner & transaction history
Samlee Thamasangvarn · 1 yrs held
Samlee Thamasangvarn
since 2024
Last sale
$588,000
7 recorded transactions
Zoning & alternative use
C2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$905,000
+61.3%
Auto repair, garage
$690,000
+22.8%
Retail stores
$670,000
+19.6%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$560,000
Current use
OFFICE BUILDING
$905,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$595,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $588k (Nov 6 2024)
Last sale anchor
$588k
Nov 6 2024
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
$364 / 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
$5,293
Tax year 2023
Assessed value
$508,500
Assessed 2023
Previous assessed
$490,400
+3.7% YoY
Effective rate
1.04%
On assessed value
Assessed land
$507,500
Assessed improvement
$1,000
Land market value
$507,500
Improvement market value
$1,000
Total market value
$508,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
1,620 SF
Lot
0.25 ac (10,802 SF)
Zoning code
C2
APN
02-417-04110400
UPID
US40-1940566
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Annapolis, MD
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$560,000
OFFICE BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$670,000
MEDICAL BUILDING
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$540,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Samlee Thamasangvarn
Individual
Mailing address
2569 HOUSLEY RD, ANNAPOLIS, MD 21401-6751
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$588,000
Samlee Thamasangvarn
Ronald Wayne Shurie JR
Deed
$470,400 · Pmac Lending Services INC
Jul 16, 2021
—
Ronald Wayne Shurie JR
Ronald Wayne Shurie JR
Intrafamily Transfer
related
$189,500 · Sandy Spring Bank
Jun 2, 2005
$175,302
Ronald W Shurie JR
Ronald W Shurie JR
Deed
related
—
Sep 27, 2000
$219,000
Ronald W Shurie
Myers,thomas C & Judith A
Grant Deed
$175,200 · First Union National Bank
—
—
Thomas C Myers
—
Deed Of Trust
related
$126,498 · Nationsbank
—
—
Ronald W Shurie JR.
—
Deed Of Trust
related
$360,000 · Sandy Spring Bank
—
—
Thomas C Myers
—
Deed Of Trust
related
$60,000 · Nationsbank
—
—
Thomas C Myers
—
Deed Of Trust
related
$20,000 · Nationsbank
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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