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Property profile & analytics
OFF-MARKET
Investment properties
833 Bay Rdg Ave Annapolis, MD 21403-2650
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-0743210
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
2,000 SF
Lot
0.21 ac (9,100 SF)
Zoning code
B1
APN
06-000-05983001
UPID
US40-0743210
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward E C Margerrison · 6 yrs held
Edward E C Margerrison
since 2019
7 recorded transactions
Zoning & alternative use
B1 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B1 Convenience Shopping District is designed for the convenience shopping of persons residing in adjacent residential areas, as well as to provide for some general retail shopping needs and other compatible uses, all uses in the B1 district must be compatible with surrounding residential neighborhoods
Zone name
Convenience Shopping
General category
COMMERCIAL
Zone area
16.52 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,746
Tax year 2023
Assessed value
$887,600
Assessed 2023
Previous assessed
$878,067
+1.1% YoY
Effective rate
1.44%
On assessed value
Assessed land
$458,000
Assessed improvement
$429,600
Land market value
$458,000
Improvement market value
$429,600
Total market value
$887,600
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
1920
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
2
Total area
2,000 SF
Lot
0.21 ac (9,100 SF)
Zoning code
B1
APN
06-000-05983001
UPID
US40-0743210
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
B1 · Annapolis, MDZoning B1 · permitted uses
B1 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B1 Convenience Shopping District is designed for the convenience shopping of persons residing in adjacent residential areas, as well as to provide for some general retail shopping needs and other compatible uses, all uses in the B1 district must be compatible with surrounding residential neighborhoods
Zone name
Convenience Shopping
General category
COMMERCIAL
Zone area
16.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Edward E C Margerrison
Individual
Mailing address
833 BAY RDG AVE, ANNAPOLIS, MD 21403-2650
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$890,000
Edward E C Margerrison
Second Encounters LLC
Grant Deed
—
Aug 20, 2018
$509,999
Second Encounters LLC
Brooks,t Sean & Cynthia L
Grant Deed
$595,000 · Patch Of Land Lndg
May 4, 2011
—
T Sean Brooks
Brooks,t Sean
Quit Claim Deed
related
—
—
—
T Sean Brooks
—
Deed Of Trust
related
$356,690 · Ally Bank
—
—
T Sean Brooks
—
Deed Of Trust
related
$378,000 · Gmac Mortgage LLC
—
—
T Sean Brooks
—
Deed Of Trust
related
$40,000 · Ditech Com
—
—
T Sean Brooks
—
Deed Of Trust
related
$101,100 · Ditech Com
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.
Try Rey
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