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

    802 Bestgate Rd Annapolis, MD 21401-3024

    • Medical Office Space
    • 7,255 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2226845
    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

    • Reinheimer Orthodontics / Dental Office
    • John D Ritter / Dental Office
    • Mary Land Braces / Dental Office
    • Philbin & Reinheimer Orthodontics - Ora Reinheimer DMD, MS / Dental Office
    • Cosmetic Medicine and Surgery / Medical Clinic

    Property Details for 802 Bestgate Rd

    Year built
    2009
    Lot size
    1.10 lot acres
    Property size
    7,255 SF
    Zone code
    C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    02-000-90001335
    APU
    200090001335

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,655,000
      Current use
      COMMERCIAL (GENERAL)
      $2,515,000
      Change: -5% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,420,000
      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
    -76.5362
    Latitude
    38.9949
    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
    $23,305
    $0.00
    $0.00
    $2,134,133
    -
    $1,210,000
    $1,018,800
    $2,228,800

    Comparable in this City

    • Value Estimation
      $10,555,000
      52,228 SF

      2620 Riva Rd

      MEDICAL BUILDING • 52,228 SF
      2620 Riva Rd, Annapolis, MD 21401-7305
      View Details
    • Value Estimation
      $1,425,000
      6,236 SF

      2114 Generals Hwy

      MEDICAL BUILDING • 6,236 SF
      2114 Generals Hwy, Annapolis, MD 21401-7488
      View Details
    • Value Estimation
      $690,000
      1,325 SF

      42 Oak Ct

      MEDICAL BUILDING • 1,325 SF
      42 Oak Ct, Annapolis, MD 21401-7017
      View Details
    • Value Estimation
      $15,915,000
      59,405 SF

      2003 Medical Pkwy

      MEDICAL BUILDING • 59,405 SF
      2003 Medical Pkwy, Annapolis, MD 21401-7992
      View Details
    • Value Estimation
      $855,000
      3,948 SF

      171 Defense Hwy

      MEDICAL BUILDING • 3,948 SF
      171 Defense Hwy, Annapolis, MD 21401-7004
      View Details
    • Value Estimation
      $3,110,000
      11,680 SF

      203 Ridgely Ave

      MEDICAL BUILDING • 11,680 SF
      203 Ridgely Ave, Annapolis, MD 21401-1303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Space Near Annapolis Center

      Lower level medical space with sleep center fit-out available.
      2530 Riva Rd, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Permit Ready Office/Retail/Medical Building

      Approved plans for up to 22,000 SF office/retail/medical building.
      1503 Forest Dr, Annapolis, MD 21401
      View Details
    • $473,550

      Turnkey Medical Office Condo

      Well-appointed medical office condo with quick highway access.
      133 Defense Hwy, Annapolis, MD 21401
      View Details
    • Contact for pricing
      6,878 SF

      Historic Annapolis Retail and Office

      Two-story retail and office building in Historic Annapolis.
      209 Main St, Annapolis, MD 21401
      View Details
    • Contact for pricing

      Annapolis Commercial Building on Ridgely

      Freestanding 7,438 SF building ideal for diverse commercial uses.
      12-14 Ridgely Ave, Annapolis, MD 21401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Annapolis Medical Office Space For Lease

      Prime Annapolis medical office, 6,200 SF available.
      703 Giddings Ave, Annapolis, MD 21401
      View Details
    • $23 SF/Yr
      32,987 SF

      Heritage Harbour Center Offices

      Anne Arundel County Office Space, 8,000 SF Available
      801 Compass Way, Annapolis, MD 21401
      View Details
    • Contact for pricing
      1,144 SF

      Annapolis Medical Office Suite L3

      1,144 SF Medical Office For Lease
      127 Lubrano Dr, Annapolis, MD 21401
      View Details
    • $21 SF/Yr
      37,610 SF

      Annapolis Medical Office Space

      Prime Annapolis location, multiple suites available.
      147 Old Solomons Island Rd, Annapolis, MD 21401
      View Details
    • Contact for pricing
      2,117 SF

      Medical Office Space For Rent

      Class A medical office space available near Annapolis.
      1730 West St, Annapolis, MD 21401
      View Details
    • Contact for pricing
      21,375 SF

      300-314 Legion Ave

      Flex space • 21,375 SF
      300-314 Legion Ave, Annapolis, MD 21401
      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.
    802 Bestgate Rd
    Annapolis, MD 21401-3024
    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!