Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    71 Old Ml Btm N Rd Annapolis, MD 21409-5410

    • Medical Office Space
    • 19,344 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Oct 20, 2022
    $5,150,000
    Value Estimations
    $4,725,000
    Show details
    Cap Rate Potential
    7.8%
    Medical Office Space
    Location Intelligence
    Property ID
    US40-1165475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rachel Kokal, PA-C / Physician / Medical Clinic
    • Michelle Demattia, PA-C / Physician / Medical Clinic
    • Danielle Goldberg, CRNP / Physician / Medical Clinic
    • Danielle Goldberg / Medical Clinic
    • Michelle Demattia / Physician

    Property Details for 71 Old Ml Btm N Rd

    Year built
    2005
    Lot size
    1.59 lot acres
    Property size
    19,344 SF
    Zone code
    C3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    03-000-07966000
    APU
    300007966000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,675,000
      6.5%
      $4,315,000
      7%
      $4,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,406,000
      Market price range: $3.61M - $9.34M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,085,000
      Current use
      WAREHOUSE, STORAGE
      $6,450,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.4733
    Latitude
    39.0234
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,666
    $0.00
    $0.00
    $3,907,133
    -
    $1,272,800
    $2,987,900
    $4,260,700

    Comparable in this City

    • Value Estimation
      $3,430,000
      39,718 SF

      85 Manresa Dr

      HOMES (RETIRED, NURSING) • 39,718 SF
      85 Manresa Dr, Annapolis, MD 21409-5874
      View Details
    • Value Estimation
      $6,745,000
      49,142 SF

      84 Old Ml Btm N Rd

      HOSPITAL - PRIVATE • 49,142 SF
      84 Old Ml Btm N Rd, Annapolis, MD 21409-5418
      View Details
    • Value Estimation
      $1,120,000
      2,272 SF

      313 Buschs Frontage Rd

      OFFICE BUILDING • 2,272 SF
      313 Buschs Frontage Rd, Annapolis, MD 21409-5534
      View Details
    • Value Estimation
      $2,565,000
      5,196 SF

      1340 Log Inn Rd

      OFFICE BUILDING • 5,196 SF
      1340 Log Inn Rd, Annapolis, MD 21409-5727
      View Details
    • Value Estimation
      $900,000
      4,000 SF

      1332 Cpe St Claire Rd

      OFFICE BUILDING • 4,000 SF
      1332 Cpe St Claire Rd, Annapolis, MD 21409-5216
      View Details
    • Value Estimation
      $1,620,000
      10,568 SF

      1449 Whitehall Rd

      OFFICE BUILDING • 10,568 SF
      1449 Whitehall Rd, Annapolis, MD 21409-5628
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Annapolis Office Space: 2,000 SF

      Prime Annapolis office, ample parking.
      530 College Pkwy, Annapolis, MD 21409
      View Details
    • $1,400,000
      3.87 Acres

      Waterfront Land with Historical Significance

      Rare Chesapeake Bay waterfront land with historical ties.
      161 Foxhead Manor Rd, Annapolis, MD 21409
      View Details
    • Contact for pricing

      Annapolis Land Opportunity

      Commercial land suitable for various uses in Annapolis, MD.
      1430 Whitehall Rd, Annapolis, MD 21409
      View Details
    • $600,000
      Pending

      Annapolis Specialty Property For Sale

      Specialty property available for purchase in Annapolis, Maryland.
      1138 Ramblewood Dr, Annapolis, MD 21409
      View Details
    • $1,995,000

      Cape St. Claire Worship Facility

      Worship facility on 23 acres with frontage on Rt 50.
      1016-1024 E College Pkwy, Annapolis, MD 21409
      View Details
    • $650,000
      Pending

      Chesapeake Bay Site Opportunity

      2.8 acre Chesapeake Bay site with historical significance.
      160 Foxhead Manor Rd, Annapolis, MD 21409
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      89,406 SF

      Jemal's Bay 50 Shopping Center

      Annapolis Retail Center: Multiple Spaces Available
      1544-1598 Whitehall Rd, Annapolis, MD 21409
      View Details
    • $1,500 /Mo

      Versatile Multi-Use Space Available Now

      Flexible space suitable for institutional, educational, religious, or health uses.
      339 Buschs Frontage Rd, Annapolis, MD 21409
      View Details
    • $16 SF/Yr
      2,160 SF

      Annapolis Executive Office Suite

      Prime Annapolis location, 2160 sq ft.
      530 College Pkwy, Annapolis, MD 21409
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    71 Old Ml Btm N Rd
    Annapolis, MD 21409-5410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!