Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    55 Franklin St Annapolis, MD 21401-2726

    • Investment properties
    • 2,746 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    8.3%
    Investment properties
    Location Intelligence
    Property ID
    US40-0063500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 55 Franklin St

    Year built
    1916
    Construction
    BRICK
    Lot size
    0.16 lot acres
    Property size
    2,746 SF
    Zone code
    C2P
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    06-000-09142000
    APU
    600009142000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $475,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $741,000
      Market price range: $505k - $944k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $950,000
      Current use
      MEDICAL BUILDING
      $1,005,000
      Change: +6% Conversion: Easy
      WAREHOUSE, STORAGE
      $915,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.4951
    Latitude
    38.9766
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,181
    $935,600
    $86,700
    $1,022,300
    -
    $935,600
    $86,700
    $1,022,300

    Comparable in this City

    • Value Estimation
      $790,000
      4,742 SF

      61 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,742 SF
      61 Franklin St, Annapolis, MD 21401-2726
      View Details
    • Value Estimation
      $990,000
      3,348 SF

      5 Shipwright St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,348 SF
      5 Shipwright St, Annapolis, MD 21401-2612
      View Details
    • Value Estimation by Request
      1,176 SF

      2404 Alton Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      2404 Alton Ln, Annapolis, MD 21401-7076
      View Details
    • Value Estimation by Request
      1,344 SF

      13 Annapolis St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,344 SF
      13 Annapolis St, Annapolis, MD 21401-1361
      View Details
    • Value Estimation by Request
      1,936 SF

      16 Annapolis St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,936 SF
      16 Annapolis St, Annapolis, MD 21401-1308
      View Details
    • Value Estimation
      $565,000
      2,570 SF

      709 Bestgate Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,570 SF
      709 Bestgate Rd, Annapolis, MD 21401-2135
      View Details

    Similar Nearby for Sale

    • $750,000

      Mixed-Use Building in Parole Town

      Two-story mixed-use building with retail and residential potential.
      1989 West St, Annapolis, MD 21401
      View Details
    • $1,200,000

      Mixed-Use Building in Parole Town

      1,794 SF mixed-use building in Parole Town Center.
      110 Defense Hwy, Annapolis, MD 21401
      View Details
    • $2,104,050

      Downtown Annapolis Mixed-Use Building

      Mixed-use building with retail and residential in downtown Annapolis.
      53 Maryland Ave, Annapolis, MD 21401
      View Details
    • $480,000

      Versatile Property with Workshop and Loft

      Mixed-use property featuring workshop, loft, and flexible zoning.
      39 Oak Ct, Annapolis, MD 21401
      View Details
    • $2,250,000
      5,599 SF

      Mixed-Use Building in Riva Road

      90% leased mixed-use building in the Riva Road corridor.
      2901 Riva Trace Pkwy, Annapolis, MD 21401
      View Details
    • New
      $599,900
      2,300 SF

      Annapolis Mixed-Use Development Opportunity

      2300 sqft split-level property in historic Annapolis.
      212 Duke Of Gloucester St, Annapolis, MD 21401
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      35,404 SF

      Annapolis Executive Office Suites

      Prime Annapolis location, flexible office space.
      2525 Riva Rd, Annapolis, MD 21401
      View Details
    • $1,300 /Mo
      87,120 SF

      West Annapolis Professional Office Space

      Standout office space in a well-appointed professional center.
      703 Giddings Ave, Annapolis, MD 21401
      View Details
    • Contact for pricing
      1,315 SF

      Retail Space Near Annapolis

      Retail space available in a mixed-use community near Annapolis.
      2641 Riva Rd, Annapolis, MD 21401
      View Details
    • $1,500,000

      Annapolis Commercial Land For Rent

      High visibility commercial land available for rent in Annapolis.
      713 Bestgate Rd, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Retail Space Near Annapolis Mall

      Retail property adjacent to Westfield Annapolis Mall and Anne Arundel.
      150 Jennifer Rd, Annapolis, MD 21401
      View Details
    • Contact for pricing
      2,925 SF

      Retail Space Near the Mall

      Retail space with highway visibility and strong demographics for rent.
      169A Jennifer Rd, Annapolis, MD 21401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Franklin St
    Annapolis, MD 21401-2726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.