67-Unit Interior-Corridor
For Sale
Contact for pricing
1216 NATIONAL HWY, Cumberland, MD 21502
Three-story hotel with interior corridors, concrete construction, and a brick façade.
Property Size43,214 SF
Price / SF$212.89
Days on Market110
Property Features for 1216 NATIONAL HWY
General Information
Standard status
Active
Size
43,214 SF
Property subtype
Hospitality
Occupancy
72%
Net Operating Income
$1,072,760
Building Details
Year Built
2002
Buildings
1
Stories
3
Units
67
Construction
concrete
Listing Agency:
Mumford Company
Listed By:
Justin Pinkard · License #VA 0226031997
Source:
Crexi
Added: Jun 30
Changed: Oct 3
Last Checked: Oct 16 at 8:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mumford Company
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Investment Insights
Based on property information with market context.
This 67-unit hotel in Cumberland, Maryland, contains 43,214 square feet across three stories. The property features an interior-corridor layout, concrete construction incorporating steel plates and studs, and a brick exterior façade. A pitched roof with asphalt shingles was installed 3 years ago, and the property includes an asphalt parking lot.
Located at 1216 National Hwy, the hotel was built in 2002 and is identified as a hospitality property. Its unit count, interior-corridor design, durable structural components, and updated roofing provide a clear overview of the existing improvements.
Located at 1216 National Hwy, the hotel was built in 2002 and is identified as a hospitality property. Its unit count, interior-corridor design, durable structural components, and updated roofing provide a clear overview of the existing improvements.
Key Highlights
- 67 units across 43,214 square feet
- Built in 2002 with 3 stories
- Interior‑corridor hotel layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$461,850
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,237,000
$9.2M
Cap Rate 7%
$6,597,857
$6.6M
Cap Rate 9%
$5,131,667
$5.1M
Market Conditions
NOI Build-Up for 43,214 SF
Gross rent
$1.30M $30.00/SF
− Vacancy
−$324.1K −$7.50/SF
EGI
$972.3K $22.50/SF
− OpEx
−$510.5K −$11.81/SF
NOI
$461.8K $10.69/SF
Area
Allegany County, MD
Vacancy
25.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,237,000
Cap Rate 7%
$6,597,857
Cap Rate 9%
$5,131,667
Alternative Uses
Best Use
Hotel Hospitality
$6.60M
$5.77M – $7.70M
NOI $461,850 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.03M
$14.02M – $18.70M
NOI $1,121,820 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story hotel with interior corridors, concrete construction, and a brick façade.
Where is this hotel located?
The property is located at 1216 NATIONAL HWY Cumberland, MD.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: 67 units across 43,214 square feet; Built in 2002 with 3 stories; Interior‑corridor hotel layout
