Pueblo Nuevo Retreat Center, Cumberland 21503

Listing Agency: Engel & Volkers Samara · Engel & Völkers s***@engelvoelkers.com Show Phone

Listed By: Mike Schafer

Added: Sep 22 Changed: Oct 10 Last Checked: Nov 13 at 11:06PM

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MLS# AM-5047464

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This resort property in Pueblo Nuevo, Costa Rica, spans 14 hectares and includes 865 m2 of built space across multiple structures. The improvements include a main building with a 170 m2 lodge, 100 m2 kitchen, library, projector, two toilets, and a shower; a 150 m2 octagon with workout and yoga equipment; and a 90 m2 house with kitchenette, bathroom, and equipped toolshop. Two 40 m2 cabins provide integrated bathrooms with hot showers, while two 45 m2 dorms contain 24 bunk beds. Nine 12 m2 private rooms each include a king-size bed and share bathroom facilities.

Infrastructure includes a solar power system with a 48v inverter charger, 100 amp power controller, 25kw battery pack, 3kwh solar panels, and two backup generators. Water is supplied by a spring and river, with a tilapia pool system and industrial filtration. The property also has Starlink service at 200mbps, a point-to-point dish on a 15-meter tower, and parking for 13+ cars.

Key Highlights

• 14 hectares with 865 m2 of built space across multiple structures
• Two dorms with 24 bunk beds, plus 9 private rooms with king‑size beds
• Two 40 m2 cabins with integrated bathrooms, hot showers, and toilets

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,501

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,990,020 $2.0M

Cap Rate 7%

$1,421,443 $1.4M

Cap Rate 9%

$1,105,567 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,310 SF

Gross rent

$279.3K $30.00/SF

− Vacancy

−$69.8K −$7.50/SF

EGI

$209.5K $22.50/SF

− OpEx

−$110.0K −$11.81/SF

NOI

$99.5K $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%

$1,990,020

Cap Rate 7%

$1,421,443

Cap Rate 9%

$1,105,567

Alternative Uses

Best Use

Hotel Hospitality

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,501 @ 7.0% cap · market cap 6.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.45M

$3.02M – $4.03M (±1% cap)

NOI $241,684 @ 7.0% cap · market cap 16.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Resorts

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,494

Businesses Nearby

Explore this area Business Placement

Frequently Asked Questions

What type of property is this?

Resort - Multi-building retreat property with accommodations, activity spaces, solar power, water systems, and on-site parking.

Where is this resort located?

The property is located at Pueblo Nuevo Retreat Center Cumberland.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 14 hectares with 865 m2 of built space across multiple structures; Two dorms with 24 bunk beds, plus 9 private rooms with king‑size beds; Two 40 m2 cabins with integrated bathrooms, hot showers, and toilets