Property profile

502 Cherry Grv Ave Annapolis, MD 21401

OFF-MARKET
Grocery and convenience stores
Property ID
US40-0974636
3,689 SF 1.94 ac lot Built 2002
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2002
Construction BRICK
Total area 3,689 SF
Lot 1.94 ac (84,289 SF)
Zoning code R3
APN 06-000-90213793
UPID US40-0974636

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Food Market Farmer's Market

Location

502 Cherry Grv Ave Annapolis, MD 21401-4245
Annapolis metro Census 702500 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$545k

Owner & transaction history

since 2017
7 recorded transactions
2017
$15.7M
2014
Price N/A
2014
Price N/A
2007
$10.8M
2006
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R3 · Annapolis, MD
Zoning description

The R3 General Residence district provides for single family and two family detached dwellings at up to eight dwelling units per acre and other uses compatible with these neighborhoods of the city including single family…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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