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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Medical Office Space
716 Monterey Ave Annapolis, MD 21401
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-2391439
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
BRICK
Total area
16,434 SF
Lot
0.71 ac (30,870 SF)
Zoning code
PM
APN
06-000-00770000
UPID
US40-2391439
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
$3.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
716 Monterey LLC · 8 yrs held
716 Monterey LLC
since 2018
5 recorded transactions
Zoning & alternative use
PM · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Professional Mixed Office district is designed to serve as a transitional zone reducing commercial or office impact on adjoining residential neighborhoods
Zone name
Professional Mixed Office
General category
COMMERCIAL
Zone area
36.62 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%
$3,970,000
6.5%
$3,665,000
7%
$3,405,000
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±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
$182 / 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
$68,111
Tax year 2023
Assessed value
$4,743,100
Assessed 2023
Previous assessed
$4,202,200
+12.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,102,700
Assessed improvement
$3,640,400
Land market value
$1,102,700
Improvement market value
$3,640,400
Total market value
$4,743,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
16,434 SF
Lot
0.71 ac (30,870 SF)
Zoning code
PM
APN
06-000-00770000
UPID
US40-2391439
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
PM · Annapolis, MDZoning PM · permitted uses
PM · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Professional Mixed Office district is designed to serve as a transitional zone reducing commercial or office impact on adjoining residential neighborhoods
Zone name
Professional Mixed Office
General category
COMMERCIAL
Zone area
36.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1991
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
716 Monterey LLC
Entity
Mailing address
706 GIDDINGS AVE STE #400, ANNAPOLIS, MD 21401-1427
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2018
$4,880,548
716 Monterey LLC
716 Monterey Avenue LLC
Special Warranty Deed
$3,500,000 · M & T Bank
Feb 8, 2011
$3,250,000
716 Monterey Avenue LLC
Angel Property LLC
Grant Deed
$3,250,000 · Thalenberg Evan K (te)
Jul 19, 2004
$3,300,000
Angel Property LLC
Monterey Medical Associates
Grant Deed
$2,905,000 · Bank Of America
—
—
Angel Property LLC
—
Deed Of Trust
related
$75,000 · Bank Of America
—
—
716 Monterey Avenue LLC
—
Deed Of Trust
related
$1,830,000 · M & T Bank
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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