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Property profile & analytics
OFF-MARKET
Investment properties
709 2nd St Annapolis, MD 21403-3333
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0425042
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
FRAME
Total area
1,112 SF
Lot
0.08 ac (3,600 SF)
Zoning code
WME
APN
06-000-00928200
UPID
US40-0425042
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vainio Ville · 6 yrs held
Vainio Ville
since 2020
1 recorded transaction
Zoning & alternative use
WME · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The WME Waterfront Maritime Eastport district is intended to provide a location for maritime and accessory uses in conjunction with single family residences in areas where the existing lot configuration limits the effective functioning of maritime industrial operations
Zone name
Waterfront Maritime Eastport
General category
INDUSTRIAL
Zone area
31.23 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,562
Tax year 2023
Assessed value
$539,500
Assessed 2023
Previous assessed
$537,800
+0.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$471,100
Assessed improvement
$68,400
Land market value
$471,100
Improvement market value
$68,400
Total market value
$539,500
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
1924
Construction
FRAME
Heating
BASEBOARD
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
1,112 SF
Lot
0.08 ac (3,600 SF)
Zoning code
WME
APN
06-000-00928200
UPID
US40-0425042
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
WME · Annapolis, MDZoning WME · permitted uses
WME · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The WME Waterfront Maritime Eastport district is intended to provide a location for maritime and accessory uses in conjunction with single family residences in areas where the existing lot configuration limits the effective functioning of maritime industrial operations
Zone name
Waterfront Maritime Eastport
General category
INDUSTRIAL
Zone area
31.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1924
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Vainio Ville
Individual
Mailing address
709 2ND ST, ANNAPOLIS, MD 21403-3333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2020
—
Vainio Ville
Vainio Ville
Intrafamily Transfer
related
$309,000 · Direct Mortgage Loans LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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