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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Investment properties
5 Shipwright St Annapolis, MD 21401-2612
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US40-0634307
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
FRAME
Total area
3,348 SF
Lot
0.14 ac (6,232 SF)
Zoning code
WMC
APN
06-000-02697805
UPID
US40-0634307
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
-
Annapolis Dock Water Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$990k
Owner & transaction history
Schweitzer,mark & Ann Trust · 11 yrs held
Schweitzer,mark & Ann Trust
since 2015
6 recorded transactions
Zoning & alternative use
WMC · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The WMC Waterfront Maritime Conservation District is intended to provide a location for maritime related activities, including docks and slips public access, recreational uses and views of the waterfront in an attractive environment which supports and is harmonious with the interrelationship of the historic urban core, the waterfront and adjacent commercial…
Zone name
Waterfront Maritime Conservation
General category
COMMERCIAL
Zone area
9.01 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.4M
+22.8%
Retail stores
$1.4M
+19.6%
Medical building
$1.2M
+5.7%
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,160,000
Current use
AUTO REPAIR, GARAGE
$1,425,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,385,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$1,225,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,115,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$296 / 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
$39,384
Tax year 2023
Assessed value
$2,742,600
Assessed 2023
Previous assessed
$2,742,600
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,402,800
Assessed improvement
$339,800
Land market value
$2,402,800
Improvement market value
$339,800
Total market value
$2,742,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
21
Bathrooms
1
Total area
3,348 SF
Lot
0.14 ac (6,232 SF)
Zoning code
WMC
APN
06-000-02697805
UPID
US40-0634307
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
WMC · Annapolis, MDZoning WMC · permitted uses
WMC · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The WMC Waterfront Maritime Conservation District is intended to provide a location for maritime related activities, including docks and slips public access, recreational uses and views of the waterfront in an attractive environment which supports and is harmonious with the interrelationship of the historic urban core, the waterfront and adjacent commercial and residential uses
Zone name
Waterfront Maritime Conservation
General category
COMMERCIAL
Zone area
9.01 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1945
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
21
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Schweitzer,mark & Ann Trust
Trust
Mailing address
5 SHIPWRIGHT ST, ANNAPOLIS, MD 21401-2612
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2015
—
Schweitzer,mark & Ann Trust
Schweitzer Mark A & Ann M
Quit Claim Deed
related
—
Feb 2, 2011
$2,950,000
Mark A Schweitzer
Mandrin,james J & Katherine
Grant Deed
—
—
—
James J Mandrin
—
Deed Of Trust
related
$110,000 · County National Bank
—
—
James J Mandrin
—
Deed Of Trust
related
$999,950 · Charter One Mortgage Corp
—
—
James J Mandrin
—
Deed Of Trust
related
$960,000 · Cco Mortgage Corp
—
—
James J Mandrin
—
Deed Of Trust
related
$800,000 · Charter One Mortgage Corp
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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