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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Investment properties
79 Franklin St Annapolis, MD 21401-2727
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-0267137
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Total area
3,095 SF
Lot
0.09 ac (4,020 SF)
Zoning code
P
APN
06-000-00163800
UPID
US40-0267137
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
-
Rice Law | Annapolis Family Law Law Firm
-
Mc Carthy & Mc Carthy LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.26M
Owner & transaction history
Stacey B Rice · 5 yrs held
Stacey B Rice
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
P · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+61.3%
Auto repair, garage
$1.3M
+22.8%
Retail stores
$1.3M
+19.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,070,000
Current use
OFFICE BUILDING
$1,730,000
Change: +61% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,315,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$1,135,000
Change: +6% · Conversion: Easy
WAREHOUSE, STORAGE
$1,030,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.20M (May 4 2021)
Last sale anchor
$1.20M
May 4 2021
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
$405 / 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
$13,879
Tax year 2023
Assessed value
$966,500
Assessed 2023
Previous assessed
$963,367
+0.3% YoY
Effective rate
1.44%
On assessed value
Assessed land
$779,400
Assessed improvement
$187,100
Land market value
$779,400
Improvement market value
$187,100
Total market value
$966,500
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
1926
Heating
HEAT PUMP
Cooling
YES
Stories
3
Units
1
Bathrooms
3
Total area
3,095 SF
Lot
0.09 ac (4,020 SF)
Zoning code
P
APN
06-000-00163800
UPID
US40-0267137
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
P · Annapolis, MD
Zoning P · permitted uses
P · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
1
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Stacey B Rice
Individual
Mailing address
1405 FLS RUN CT, DAVIDSONVILLE, MD 21035-1103
Ownership since
2021
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 4, 2021
$1,200,000
Stacey B Rice
Julia V Shiller
Deed
$900,000 · Sprout Mortgage LLC
May 3, 2016
—
Rostyslav Shiller
—
Deed
related
$150,000 · Choice Federal Credit Union
Jun 28, 2013
$390,000
Rostyslav Shiller
Us Bk NA 2007-ahl3
Grant Deed
$247,000 · Prime Lending INC
Jun 28, 2013
—
Us Bk NA 2007-ahl3 Tr
Mccarthy,thomas SR & Catherine C
Grant Deed
—
Dec 16, 2010
—
Citigroup Mtg Series 2007-ahl
Mccarthy,thomas SR & Catherine C
Grant Deed
related
—
Nov 8, 2004
—
Thomas Mccarthy SR.
Mccarthy,thomas JR
Quit Claim Deed
related
—
Jun 29, 2004
—
Thomas Mccarthy JR.
Mccarthy,thomas JR & Jessica H
Quit Claim Deed
related
—
Oct 2, 2000
$370,000
Thomas Mccarthy
Apostol,mary
Grant Deed
$333,000 · Equity One Mortgage Co
—
—
Rostylav Shiller
—
Deed Of Trust
related
$835,000 · Prime Lndg
—
—
Thomas Mccarthy SR.
—
Deed Of Trust
related
$960,000 · Axiom Financial INC
—
—
Thomas Mccarthy SR.
—
Deed Of Trust
related
$650,000 · Pinnacle Financial Corp
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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