New search
Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Apartment buildings
Brashears St, Annapolis, MD 21403
Individually Owned
9-yr Hold
Property ID
US40-0768028
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Construction
BRICK
Total area
8,787 SF
Lot
1.93 ac (84,071 SF)
Zoning code
R2
APN
06-000-03864010
UPID
US40-0768028
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$830k
Owner & transaction history
Sunrise Vills Place L P · 9 yrs held
Sunrise Vills Place L P
since 2017
7 recorded transactions
Zoning & alternative use
R2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+111.7%
Warehouse, storage
$1.1M
+106.1%
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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$550,000
Current use
AUTO REPAIR, GARAGE
$1,165,000
Change: +112% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,130,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$94 / 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
$35,815
Tax year 2023
Assessed value
$2,494,100
Assessed 2023
Previous assessed
$2,494,100
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$894,100
Land market value
$1,600,000
Improvement market value
$894,100
Total market value
$2,494,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1952
Construction
BRICK
Heating
FORCED AIR
Buildings
2
Stories
3
Units
32
Total area
8,787 SF
Lot
1.93 ac (84,071 SF)
Zoning code
R2
APN
06-000-03864010
UPID
US40-0768028
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R2 · Annapolis, MD
Zoning R2 · permitted uses
R2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1952
Construction
BRICK
Heating
FORCED AIR
Stories
3
Buildings
2
Units
32
Lot
1.93 ac
Current owner
From public records · entity-resolved
Sunrise Vills Place L P
Individual
Mailing address
410 SEVERN AVE STE #413, ANNAPOLIS, MD 21403-2528
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2017
$2,850,000
Sunrise Vills Place L P
1000 Madison St LLC
Deed
$2,137,500 · First National Bank Of Pennsylvania
Aug 23, 2010
—
1000 Madison Street LLC
—
Trustees Deed
related
$150,000 · First Citizens Bank & Trust Co
Nov 12, 2002
—
John M Suit
—
Deed Of Trust
related
$1,100,000 · Madison Street LLC
Jan 24, 2001
$195,000
1000 Madison Street LLC
Devwin Ventures
Grant Deed
$730,000 · Provident State Bank Preston
—
—
Sunrise Villas Place LP
—
Deed Of Trust
related
$2,600,000 · Keybank USA
—
—
1000 Madison Street LLC
—
Deed Of Trust
related
$1,340,303 · Old Line Bk
—
—
1000 Madison Street LLC
—
Deed Of Trust
related
$10,000 · Old Line Bk
—
—
1000 Madison Street LLC
—
Deed Of Trust
related
$1,250,000 · Old Line Bank
—
—
1000 Madison Street LLC
—
Deed Of Trust
related
$75,000 · Branch Banking & Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Brashears St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
