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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Manufacturing properties
529 Defense Hwy, Annapolis, MD 21401-6923
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0755051
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
BRICK
Total area
8,306 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C4
APN
02-000-07806400
UPID
US40-0755051
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
-
Atlantic Control Technologies Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.41M
Owner & transaction history
Riley Commercial LLC · 4 yrs held
Riley Commercial LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
C4 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,380,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,785,000
Current use
AUTO REPAIR, GARAGE
$3,535,000
Change: -7% · Conversion: Easy
RETAIL STORES
$3,440,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$3,040,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.40M (Jul 8 2022)
Last sale anchor
$2.40M
Jul 8 2022
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
$290 / 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
$6,310
Tax year 2023
Assessed value
$577,800
Assessed 2023
Previous assessed
$576,533
+0.2% YoY
Effective rate
1.09%
On assessed value
Assessed land
$237,700
Assessed improvement
$340,100
Land market value
$237,700
Improvement market value
$340,100
Total market value
$577,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
8,306 SF
Lot
0.57 ac (24,829 SF)
Zoning code
C4
APN
02-000-07806400
UPID
US40-0755051
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C4 · Annapolis, MD
Zoning C4 · permitted uses
C4 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1979
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Riley Commercial LLC
Entity
Mailing address
4TH CONSTITUTION AVE, ANNAPOLIS, MD 21401-3513
Ownership since
2022
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 30, 2022
—
Riley Commercial LLC
—
Deed
related
$989,000 · Business Finance Group INC
Jul 8, 2022
$2,400,000
Riley Commercial LLC
529 Defense LLC
Deed
$1,200,000 · Virginia Partners Bank
Feb 4, 2019
$1,580,000
529 Defense LLC
Henshaw LLC
Grant Deed
$1,106,000 · Northern Tr
Dec 31, 1998
—
Henshaw LLC
Henshaw,ollie M
Quit Claim Deed
related
—
—
—
Henshaw LLC
—
Deed Of Trust
related
$403,217 · Provident Savings Bank
—
—
Henshaw LLC
—
Deed Of Trust
related
$100,000 · Severn Savings Bank Fsb
—
—
Henshaw LLC
—
Deed Of Trust
related
$800,000 · Interbay Funding LLC
—
—
Henshaw LLC
—
Deed Of Trust
related
$605,000 · Bankannapolis
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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