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 Market64
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: Aug 31
Last Checked: Aug 31 at 2:39PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$461,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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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
