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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Investment properties
61 Franklin St Annapolis, MD 21401-2726
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-0428942
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1906
Total area
4,742 SF
Lot
0.26 ac (11,250 SF)
Zoning code
C2P
APN
06-000-05369000
UPID
US40-0428942
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
$755k
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$790k
Owner & transaction history
Peter G Schultz · 7 yrs held
Peter G Schultz
since 2019
2 recorded transactions
Zoning & alternative use
C2P · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Conservation Professional Office district is designed to serve as a transitional zone between predominately commercial and residential districts, to buffer adjoining residential neighborhoods from commercial and other nonresidential impacts and to properly zone certain existing, established office uses that, over time, have been shown to be compatible wi…
Zone name
Special Conservation Professional
General category
COMMERCIAL
Zone area
4.21 ac
Source
Realmo
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%
$815,000
6.5%
$755,000
7%
$700,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$167 / 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
$16,198
Tax year 2023
Assessed value
$1,128,000
Assessed 2023
Previous assessed
$1,123,500
+0.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$849,900
Assessed improvement
$278,100
Land market value
$849,900
Improvement market value
$278,100
Total market value
$1,128,000
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
1906
Heating
RADIANT
Cooling
YES
Stories
3
Units
1
Bathrooms
3
Total area
4,742 SF
Lot
0.26 ac (11,250 SF)
Zoning code
C2P
APN
06-000-05369000
UPID
US40-0428942
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2P · Annapolis, MDZoning C2P · permitted uses
C2P · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Conservation Professional Office district is designed to serve as a transitional zone between predominately commercial and residential districts, to buffer adjoining residential neighborhoods from commercial and other nonresidential impacts and to properly zone certain existing, established office uses that, over time, have been shown to be compatible with adjacent residential areas, it is intended to accommodate office uses of a nature that will be compatible with the character of adjoining residential properties by allowing professional office uses that operate with minimal customer and delivery traffic
Zone name
Special Conservation Professional
General category
COMMERCIAL
Zone area
4.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1906
Heating
RADIANT
Cooling
Yes
Stories
3
Units
1
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Peter G Schultz
Individual
Mailing address
61 FRANKLIN ST, ANNAPOLIS, MD 21401-2726
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
$1,275,000
Peter G Schultz
Sedghi,mohammad A & Paula A
Grant Deed
$1,020,000 · Bank Of America
Jun 13, 2000
$715,000
Mohamad A Sedghi
William J Mcwilliams Estate
Grant Deed
$536,250 · First Home Mortgage
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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