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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
821 Bay Rdg Ave, Annapolis, MD 21403-2564
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0273854
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
1,529 SF
Lot
0.18 ac (7,800 SF)
Zoning code
B1
APN
06-000-00131675
UPID
US40-0273854
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$312k
Blend (final)
Blend
$505k
Owner & transaction history
Daniel Theodore Maddox · 4 yrs held
Daniel Theodore Maddox
since 2022
Last sale
$672,500
5 recorded transactions
Zoning & alternative use
B1 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$375,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $673k (May 17 2022)
Last sale anchor
$673k
May 17 2022
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
$330 / 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
$8,347
Tax year 2023
Assessed value
$581,300
Assessed 2023
Previous assessed
$527,067
+10.3% YoY
Effective rate
1.44%
On assessed value
Assessed land
$565,100
Assessed improvement
$16,200
Land market value
$565,100
Improvement market value
$16,200
Total market value
$581,300
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
1930
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Total area
1,529 SF
Lot
0.18 ac (7,800 SF)
Zoning code
B1
APN
06-000-00131675
UPID
US40-0273854
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
B1 · Annapolis, MD
Zoning B1 · permitted uses
B1 · 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
OFFICE BUILDING
Est. value
$765,000
OFFICE BUILDING
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
1930
Heating
FORCED AIR
Stories
2
Units
1
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Daniel Theodore Maddox
Individual
Mailing address
217 W MONTGOMERY AVE APT A, ROCKVILLE, MD 20850-2804
Ownership since
2022
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
May 17, 2022
$672,500
Daniel Theodore Maddox
Equity Trust Company
Deed
$500,000 · Danny Schappel
Feb 16, 2022
$600,000
Equity Trust Company
Cornelius V Stamp
Deed
—
Sep 23, 2002
$327,400
Cornelius Stamp
Lodor,nancy L Tr
Grant Deed
$261,900 · Wachovia Mortgage Co
Jan 24, 2002
—
Lodor Trust
Lodor,nancy
Quit Claim Deed
related
$68,000 · Wells Fargo Home Mortgage INC
—
—
Stamp,cornelius V
—
Deed Of Trust
related
$40,000 · Branch Bk&tr
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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