Property profile

Severn Area Annapolis, MD 21409

OFF-MARKET
Apartment buildings
Property ID
US40-1726884
7,164 SF 822.11 ac lot Built 1953
Entity Owned 23-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1953
Construction BRICK
Total area 7,164 SF
Lot 822.11 ac (35,811,112 SF)
Zoning code R1
APN 03-000-31870030
UPID US40-1726884

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Severn Area Annapolis, MD 21409
Annapolis metro BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2002
1 recorded transaction
2002
Price N/A

Zoning & alternative use

R1 · Annapolis, MD
Zoning description

The R1 Single Family Residence district provides for single family detached dwellings at approximately six dwelling units per acre and other uses compatible with these single family neighborhoods of the city

General category RESIDENTIAL
Top alternative use upside
Office building $1.9M +314.5%
Industrial (general) $1.5M +223.6%
Retail stores $1.4M +211.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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