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Property profile & analytics
FOR LEASE
Strip malls

626 Admiral Dr Annapolis, MD 21401

13,412 SF 1.08 ac lot Built 1995
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US40-0880298
Property summary
AI-generated overview

The Admiral's Court, a single-story, 17,950 square foot retail and office strip center in Annapolis, Maryland, presents a compelling investment opportunity. Located at 626 Admiral Drive, at the corner of Bestgate Road, this property boasts excellent visibility due to its prominent location and two large pylons. The center features twelve suites in total, with 1,900 square feet currently vacant. This space, previously a consignment store, offers 1,900 square feet of adaptable space, ideal for a variety of retail uses, such as a nautical or pet store. The property benefits from ample parking and easy access from Bestgate Road. Admiral's Court enjoys a strong anchor tenant, Wawa, and is strategically situated near major retail destinations. Its proximity to Westfield Annapolis Mall (featuring Nordstrom, Lord & Taylor, Macy's, Sears, and JCPenney) and Annapolis Towne Centre at Parole provides significant foot traffic and consumer draw. The property is located in Anne Arundel County, Maryland, with a zip code of 21401. This well-positioned retail center offers a unique chance to capitalize on a thriving Annapolis market. The available space presents a blank canvas for a savvy entrepreneur to establish a successful business in a high-traffic area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction BRICK
Total area 13,412 SF
Lot 1.08 ac (47,045 SF)
Zoning code C4
APN 02-388-90069842
UPID US40-0880298
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
  • Sports Pro Physical Therapy and Aquatic Center Medical Clinic
  • Johnson Legal Group, LLC Law Firm
  • The Maids Hardware & Home Improvement
  • Admiral Home Improvements LLC/GutterShutter of Maryland Roofing Company General Contractor
  • Smoke shack (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.86M
Owner & transaction history
Admiral Retail Associates LLC · 10 yrs held
Admiral Retail Associates LLC
since 2016
2 recorded transactions
2016
$3.9M
1969
Price N/A
Zoning & alternative use
C4 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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