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Property profile & analytics
OFF-MARKET
Estimated value
$12,460,000
Medical Office Space
820 Bestgate Rd Annapolis, MD 21401-3404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US40-1165966
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
41,474 SF
Lot
3 ac (130,680 SF)
Zoning code
R5
APN
02-000-10397800
UPID
US40-1165966
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
-
University of Maryland Transplant Center at Annapolis Medical Clinic
-
Anne Arundel Gastroenterology Associates, P.A. Physician
-
Sankey Suzanne L MD Physician
-
Praveena G. Velamati, MD Physician
-
Johns Hopkins Brady Urological Institute Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.46M
Owner & transaction history
Annapolis 820 Medical Properties Ll · 5 yrs held
Annapolis 820 Medical Properties Ll
since 2021
Last sale
$15.0M
3 recorded transactions
Zoning & alternative use
R5 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.2M
+32.7%
Industrial (general)
$18.9M
+24.4%
Auto repair, garage
$17.6M
+16.2%
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%
$10,020,000
6.5%
$9,250,000
7%
$8,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,185,000
Current use
RESTAURANT
$20,150,000
Change: +33% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,895,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,640,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$17,185,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,370,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$13,830,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.46M
Range $11.21M – $13.71M · ±10% · vs last sale $15.00M (Apr 4 2021)
Last sale anchor
$15.00M
Apr 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
$300 / 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
$155,259
Tax year 2023
Assessed value
$14,217,867
Assessed 2023
Previous assessed
$14,216,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Land market value
$1,680,000
Improvement market value
$12,540,400
Total market value
$14,220,400
Applied tax rate
2.0000
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
2006
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
41,474 SF
Lot
3 ac (130,680 SF)
Zoning code
R5
APN
02-000-10397800
UPID
US40-1165966
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R5 · Annapolis, MDZoning R5 · permitted uses
R5 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$15.2M
RESTAURANT
Est. value
$20.2M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$17.6M
RETAIL STORES
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$14.4M
WAREHOUSE, STORAGE
Est. value
$13.8M
MEDICAL BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Annapolis 820 Medical Properties Ll
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2021
$15,000,000
Annapolis 820 Medical Properties Ll
820 Bestgate Road LLP
Deed
$126,613,690 · Capital One Bank NA
Nov 8, 2001
—
820 Bestgate Road LLP
820 Bestgate Road Gp
Quit Claim Deed
related
—
—
—
820 Bestgate Road Gp
—
Deed Of Trust
related
$200,000 · First National Bank Maryland
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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