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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Motels
10936 Market Ln Princess Anne, MD 21853-2910
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US40-0328538
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Total area
19,552 SF
Lot
3.31 ac (144,184 SF)
Zoning code
C-2
APN
01-024566
UPID
US40-0328538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Econo Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Vasu INC · 23 yrs held
Vasu INC
since 2002
6 recorded transactions
Zoning & alternative use
C-2 · Princess Anne, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tandards for multifamily residential. § 163-79 Special standards for nonresidential buildings in the R-2 District. § 163-80 Special standards for the C-1 Community Commercial District. § 163-81 Special standards for the C-2 General Commercial District. § 163-82 Special standards for the I-1 Industrial District. § 163-83 Special standards for the I-P Industri…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
124.95 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Princess Anne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princess Anne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$27 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,533
Tax year 2023
Assessed value
$1,576,700
Assessed 2023
Previous assessed
$1,576,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$219,600
Assessed improvement
$1,357,100
Land market value
$219,600
Improvement market value
$1,357,100
Total market value
$1,576,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
1
Total area
19,552 SF
Lot
3.31 ac (144,184 SF)
Zoning code
C-2
APN
01-024566
UPID
US40-0328538
Jurisdiction
SOMERSET
Zoning & alternative use
C-2 · Princess Anne, MDZoning C-2 · permitted uses
C-2 · Princess Anne, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tandards for multifamily residential. § 163-79 Special standards for nonresidential buildings in the R-2 District. § 163-80 Special standards for the C-1 Community Commercial District. § 163-81 Special standards for the C-2 General Commercial District. § 163-82 Special standards for the I-1 Industrial District. § 163-83 Special standards for the I-P Industrial Park District. § 163-84 Height, area and bulk requirements. § 163-85 Table of He
Zone name
General Commercial
General category
COMMERCIAL
Zone area
124.95 ac
Building & site characteristics
From public records
Year built
1989
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Vasu INC
Entity
Mailing address
10936 MARKET LN, PRINCESS ANNE, MD 21853-2910
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2018
—
Vasu INC
—
Deed
related
$1,125,000 · Hebron Savings Bank
Oct 31, 2017
—
Vasu INC
—
Deed
related
$1,112,790 · M & T Bank
Oct 1, 2002
$1,855,000
Vasu INC
Somerset Motel LLC
Grant Deed
$1,333,000 · Business Loan Center INC
Jun 27, 2001
—
Indian Harbor INC
Green,john
Grant Deed
related
—
—
—
Vasu INC
—
Deed Of Trust
related
$1,510,251 · M & T Bank
—
—
Vasu INC
—
Deed Of Trust
related
$1,510,251 · M & T Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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