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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Banks
948 Bay Rdg Rd, Annapolis, MD 21403-3958
Entity Owned
11-yr Hold
Free & Clear
Property ID
US40-0653135
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Construction
BRICK
Total area
2,378 SF
Lot
11.67 ac (508,345 SF)
Zoning code
B2
APN
06-000-90026737
UPID
US40-0653135
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
-
Volta Charging Station Electric Vehicle Charging Station
-
Giant Food Grocery & Convenience Store Food Market
-
Giant Pharmacy Pharmacy
-
PNC ATM Atm
-
Giant Food - Ledo Pizza Corner Shoppe Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$580k
Owner & transaction history
Gfs Realty LLC · 11 yrs held
Gfs Realty LLC
since 2014
4 recorded transactions
Zoning & alternative use
B2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$545,000
+46.9%
Office building
$510,000
+36.5%
Retail stores
$465,000
+24.6%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$370,000
Current use
COMMERCIAL (GENERAL)
$545,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$244 / 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
$195,740
Tax year 2023
Assessed value
$13,630,900
Assessed 2023
Previous assessed
$12,874,933
+5.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$12,078,200
Assessed improvement
$1,552,700
Land market value
$12,078,200
Improvement market value
$1,552,700
Total market value
$13,630,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
2
Total area
2,378 SF
Lot
11.67 ac (508,345 SF)
Zoning code
B2
APN
06-000-90026737
UPID
US40-0653135
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
B2 · Annapolis, MD
Zoning B2 · permitted uses
B2 · 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
FINANCIAL BUILDING Current
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$545,000
OFFICE BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$465,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
11.67 ac
Current owner
From public records · entity-resolved
Gfs Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2014
—
Gfs Realty LLC
Bayridge INC
Grant Deed
—
Sep 3, 2004
$1
City Of Annapolis
Bayridge INC
Grant Deed
related
—
Jul 9, 2004
—
City Of Annapolis
Bayridge INC
Grant Deed
related
—
—
—
Bayridge INC
—
Deed Of Trust
related
$1,400,000 · Virginia Commerce Bank
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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