Comfort Inn Hotel with
For Sale
$7,500,000
8801 LOCH RAVEN BOULEVARD, Towson, MD 21286
Freestanding Towson hotel with guest amenities, meeting space, and paved on-site parking.
Property Size74,415 SF
Lot Size3.57 Acres
Price / SF$100.79
Days on Market17
Property Features for 8801 LOCH RAVEN BOULEVARD
General Information
Standard status
Active
Size
74,415 SF
Total Parking Spaces
200
Lot size
3.57 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
Outdoor Pool
Fitness Center
Business Center
Indoor meeting space
Laundry Room
Building Details
Year Built
1984
Year Renovated
2022
Buildings
1
Listing Agency:
Dream Realty, Inc.
(301) 257-9394
Listed By:
Vinay Gulati · License #514973
(301) 257-9394
Source:
Cummingsrealtors
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 11 at 6:04AM
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 Dream Realty, Inc.
Investment Insights
Based on property information with market context.
Comfort Inn is a freestanding hotel on a 3.57-acre property in Towson. The 185-room operation encompasses 74,415 square feet and includes an outdoor pool, fitness center, business center, laundry room, and 1,663 square feet of indoor meeting space. Renovations were completed in 2022, and the hotel was originally built in 1984.
The property is positioned off I-695, also known as the Baltimore Beltway. On-site facilities include a 200-car paved parking lot, supporting the hotel’s guest and event functions. The combination of room inventory, meeting space, recreational amenities, and recent renovation work defines the existing hospitality configuration.
The property is positioned off I-695, also known as the Baltimore Beltway. On-site facilities include a 200-car paved parking lot, supporting the hotel’s guest and event functions. The combination of room inventory, meeting space, recreational amenities, and recent renovation work defines the existing hospitality configuration.
Key Highlights
- 185‑room hotel on a 3.57‑acre property
- 74,415 square feet of built‑up area
- Outdoor pool, fitness center, business center, and laundry room
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
$394,983
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
5.27%
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%
$7,899,660
$7.9M
Cap Rate 7%
$5,642,614
$5.6M
Cap Rate 9%
$4,388,700
$4.4M
Market Conditions
NOI Build-Up for 74,415 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
$1.07M $14.40/SF
− Vacancy
−$240.0K −$3.23/SF
EGI
$831.5K $11.17/SF
− OpEx
−$436.6K −$5.87/SF
NOI
$395.0K $5.31/SF
Area
Baltimore County, MD
Vacancy
22.40%
Lease Rate
$14.40 /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%
$7,899,660
Cap Rate 7%
$5,642,614
Cap Rate 9%
$4,388,700
Alternative Uses
Best Use
Hotel Hospitality
$5.64M
$4.94M – $6.58M
NOI $394,983 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$721.97M
$631.73M – $842.30M
NOI $50,538,033 @ 7.0% cap · market cap 673.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 21286, MD
21,470
Population
10,100
Households
2.1
Avg Household Size
42
Median Age
57%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
2,497
Density / Sq Mi
$93,093
Median Household Income
$58,577
Median Earnings
$1,597
Median Rent
$402,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Freestanding Towson hotel with guest amenities, meeting space, and paved on-site parking.
Where is this hotel located?
The property is located at 8801 LOCH RAVEN BOULEVARD Towson, MD.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 185‑room hotel on a 3.57‑acre property; 74,415 square feet of built‑up area; Outdoor pool, fitness center, business center, and laundry room
