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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Day care centers
Merle Ct Annapolis, MD 21401
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1732089
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1977
Construction
BRICK
Total area
5,126 SF
Lot
0.65 ac (28,225 SF)
Zoning code
R3
APN
06-000-90004789
UPID
US40-1732089
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$600k
Owner & transaction history
Jo Belle Annapolis Properties LLC · 6 yrs held
Jo Belle Annapolis Properties LLC
since 2020
2 recorded transactions
Zoning & alternative use
R3 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R3 General Residence district provides for single family and two family detached dwellings at up to eight dwelling units per acre and other uses compatible with these neighborhoods of the city including single family attached and multi family dwelling units
Zone name
General Residence
General category
RESIDENTIAL
Zone area
935.95 ac
Source
Realmo
Top alternative use upside
Restaurant
$830,000
+53.7%
Auto repair, garage
$620,000
+14.3%
Warehouse, storage
$560,000
+3.3%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$540,000
Current use
RESTAURANT
$830,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$117 / 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
$17,924
Tax year 2023
Assessed value
$1,248,200
Assessed 2023
Previous assessed
$1,207,267
+3.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$803,000
Assessed improvement
$445,200
Land market value
$803,000
Improvement market value
$445,200
Total market value
$1,248,200
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1977
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
5,126 SF
Lot
0.65 ac (28,225 SF)
Zoning code
R3
APN
06-000-90004789
UPID
US40-1732089
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
R3 · Annapolis, MDZoning R3 · permitted uses
R3 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R3 General Residence district provides for single family and two family detached dwellings at up to eight dwelling units per acre and other uses compatible with these neighborhoods of the city including single family attached and multi family dwelling units
Zone name
General Residence
General category
RESIDENTIAL
Zone area
935.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$540,000
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$560,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
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
1977
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Jo Belle Annapolis Properties LLC
Entity
Mailing address
479 MERRYMAN RD, ANNAPOLIS, MD 21401-4205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
Jo Belle Annapolis Properties LLC
—
Deed
related
$339,000 · Wells Fargo Bank NA
—
—
Jo-belle Annapolis Properties
—
Deed Of Trust
related
$275,000 · First Union National 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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