Financial
Distress signals
Property profile

801 Compass Way Annapolis, MD 21401

FOR LEASE
Strip malls
Property ID
US40-2373628
16,494 SF 2.31 ac lot Built 1990
Last sale Aug 2004 · $2,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Heritage Harbour Center offers 8,000 square feet of available office space in Anne Arundel County. This Class B, two-story building, constructed in 1990, totals 32,987 square feet and features seven suites, ideal for multiple tenants. The minimum divisible space is 950 square feet, with a maximum contiguous space of 5,500 square feet. Suites 203, 205, and 207 offer contiguous space ranging from approximately 950 to 3,850 square feet. The building boasts ample natural light thanks to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$46k
Tax billed · 2023
Assessed value$4.18M
Assessed land$300k
Assessed improvement$3.88M
Effective rate1.09%

Value estimate

· Sep 2026
$2.44M
$2.19M – $2.68M
NOI build-up
Gross scheduled income$11k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 596.68% cap applied$7k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$236/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$129 – $361

Cap rate analysis

How does the asset earn?
596.68%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R2
R2-NC (Neighborhood Conservation District). Development Review and Zoning I have my eye on a commercial building for a possible coffee sh...
General categoryRESIDENTIAL
JurisdictionANNE ARUNDEL

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.2
Dental Office10.7
Building Supply10.6

Location

801 Compass Way Annapolis, MD 21401
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2002 Annapolis, Annapolis, MD 21401-7604 $160,000,000 Sep 2024 104,950 SF
2140 Frst, Annapolis, MD 21401-3831 $277,250 Dec 2023 11,300 SF
Defense, Annapolis, MD 21401 $7,098,214 Sep 2022 127,005 SF
2134 Generals, Annapolis, MD 21401-7174 $1,950,000 Jul 2022 7,847 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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