New search
Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
645 Ridgely Ave, Annapolis, MD 21401-1069
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1337270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
BRICK
Total area
1,514 SF
Lot
0.19 ac (8,125 SF)
Zoning code
C2
APN
02-809-11443600
UPID
US40-1337270
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
-
Full Circle Healing Arts Medical Clinic
-
Clemency Knox, MAc, LAc Alternative Medicine Practice Acupuncture
-
Peter Marinakis, PHD Alternative Medicine Practice Acupuncture
-
Medical Thermal Imaging Medical Clinic
-
Carol Burke Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$900k
Owner & transaction history
645 647 Ridgely Avenue LLC · 2 yrs held
645 647 Ridgely Avenue LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
C2 · 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (May 3 2024)
Last sale anchor
$900k
May 3 2024
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
$594 / 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
$5,677
Tax year 2023
Assessed value
$519,900
Assessed 2023
Previous assessed
$430,900
+20.7% YoY
Effective rate
1.09%
On assessed value
Land market value
$449,500
Improvement market value
$248,400
Total market value
$697,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
1,514 SF
Lot
0.19 ac (8,125 SF)
Zoning code
C2
APN
02-809-11443600
UPID
US40-1337270
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Annapolis, MD
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
645 647 Ridgely Avenue LLC
Entity
Mailing address
626TH ADMIRAL DR, ANNAPOLIS, MD 21401-2180
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$900,000
645 647 Ridgely Avenue LLC
Fca LLC
Deed
$765,000 · Linkbank
Feb 26, 2020
—
Fca LLC
—
Deed
related
$380,000 · Bbwi LLC
Aug 23, 2016
—
Fca LLC
—
Deed
related
$25,000 · Sandy Spring Bk
May 18, 2016
—
Fca LLC
—
Deed
related
$100,000 · Sandy Spring Bk
—
—
Fca LLC
—
Deed Of Trust
related
$380,000 · Bbwi LLC
—
—
Fca LLC
—
Deed Of Trust
related
$10,000 · Bankannapolis
—
—
Fca LLC
—
Deed Of Trust
related
$100,000 · Sandy Spring Bk
—
—
Fca LLC
—
Deed Of Trust
related
$370,000 · Bankannapolis
—
—
Fca LLC
—
Deed Of Trust
related
$20,000 · Sandy Spring Bank
—
—
Fca LLC
—
Deed Of Trust
related
$642,600 · Sandy Spring Bank
—
—
Fca LLC
—
Deed Of Trust
related
$25,000 · Sandy Spring Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 645 Ridgely Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
