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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
55 Franklin St, Annapolis, MD 21401-2726
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US40-0063500
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Construction
BRICK
Total area
2,746 SF
Lot
0.16 ac (6,778 SF)
Zoning code
C2P
APN
06-000-09142000
UPID
US40-0063500
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$640k
Owner & transaction history
Brice J Worthington · 26 yrs held
Brice J Worthington
since 1999
5 recorded transactions
Zoning & alternative use
C2P · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$435,000
7%
$405,000
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
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$233 / 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
$11,181
Tax year 2023
Assessed value
$1,022,300
Assessed 2023
Previous assessed
$1,006,400
+1.6% YoY
Effective rate
1.09%
On assessed value
Assessed land
$935,600
Assessed improvement
$86,700
Land market value
$935,600
Improvement market value
$86,700
Total market value
$1,022,300
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
1916
Construction
BRICK
Heating
RADIANT
Stories
2
Units
1
Bathrooms
3
Total area
2,746 SF
Lot
0.16 ac (6,778 SF)
Zoning code
C2P
APN
06-000-09142000
UPID
US40-0063500
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2P · Annapolis, MD
Zoning C2P · permitted uses
C2P · 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
COMMERCIAL (GENERAL) Current
Est. value
$950,000
MEDICAL BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$915,000
COMMERCIAL (GENERAL) Current
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
1916
Construction
BRICK
Heating
RADIANT
Stories
2
Units
1
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Brice J Worthington
Individual
Mailing address
55 FRANKLIN ST, ANNAPOLIS, MD 21401-2726
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 1999
$245,000
Brice J Worthington
Lucille T Worthington Estate
Grant Deed
related
$254,192 · Farmers Bank Of Maryland
—
—
Worthington,brice J & Donna F
—
Loan Modification
related
$473,946 · Severn Svgs Bk Fsb
—
—
Brice J Worthington
—
Deed Of Trust
related
$125,000 · Gregg M Weinberg Trustee
—
—
Brice J Worthington SR.
—
Deed Of Trust
related
$435,000 · Severn Savings Bank Fsb
—
—
Brice J Worthington SR.
—
Deed Of Trust
related
$475,000 · Severn Savings Bank Fsb
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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