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Property profile & analytics
OFF-MARKET Estimated value $955,000
Assisted living facilities

3023 Arundel On The Bay Rd Annapolis, MD 21403-4301

7,140 SF 0.92 ac lot Built 1995
Entity Owned 6-yr Hold Free & Clear
Property ID
US40-2405919
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1995
Construction BRICK
Total area 7,140 SF
Lot 0.92 ac (40,075 SF)
Zoning code R2
APN 02-000-03350200
UPID US40-2405919
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
  • Cssi Nursing Home Retirement Community
  • Heart Homes At Bay Ridge Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$955k
Owner & transaction history
Hearthomes Realco LLC · 6 yrs held
Hearthomes Realco LLC
since 2020
Last sale
$864,290
7 recorded transactions
2020
Price N/A
2020
Price N/A
2012
Price N/A
2003
$864,290
2003
$418,000
1998
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R2-NC (Neighborhood Conservation District). Development Review and Zoning I have my eye on a commercial building for a possible coffee shop but am apprehensive about signing a tenant lease. What should I do? Contact Planning and Zoning to determine if a coffee shop is permitted at this location and to see if there are any other zoning requirements. Iron out…

Zone name Single Family Residence
General category RESIDENTIAL
Zone area 1,332.02 ac
Top alternative use upside
Office building $1.5M +22.0%
Industrial (general) $1.4M +15.6%
Retail stores $1.4M +11.4%
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