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Property profile & analytics
OFF-MARKET
Estimated value
$7,075,000
Motels
120 Admiral Cochrane Dr, Annapolis, MD 21401-7308
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US40-0760580
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Construction
BRICK
Total area
46,350 SF
Lot
2.68 ac (116,741 SF)
Zoning code
W1A
APN
02-000-09690100
UPID
US40-0760580
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
-
Admiral Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.45M
Blend (final)
Blend
$7.08M
Owner & transaction history
Admiral Lodging LLC · 3 yrs held
Admiral Lodging LLC
since 2023
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
W1A · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Annapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annapolis 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
$7,480,000
ML approach
$7,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,995,000
Current use
Blend value · Realmo final
$7.08M
Range $6.37M – $7.78M · ±10% · vs last sale $6.79M (Jun 29 2023)
Last sale anchor
$6.79M
Jun 29 2023
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
$153 / 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
$34,122
Tax year 2023
Assessed value
$3,124,700
Assessed 2023
Previous assessed
$4,622,600
-32.4% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,316,100
Assessed improvement
$1,808,600
Land market value
$1,316,100
Improvement market value
$1,808,600
Total market value
$3,124,700
Applied tax rate
2.0000
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
1999
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
1
Total area
46,350 SF
Lot
2.68 ac (116,741 SF)
Zoning code
W1A
APN
02-000-09690100
UPID
US40-0760580
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
W1A · Annapolis, MD
Zoning W1A · permitted uses
W1A · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Annapolis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$10.0M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Units
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Admiral Lodging LLC
Entity
Mailing address
9130 GUILFORD RD COLUMBIA
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$6,792,107
Admiral Lodging LLC
Esa P Portfolio Md LLC
Special Warranty Deed
$8,500,000 · Sandy Spring Bank
Jul 9, 2021
—
Esa P Portfolio Md INC
—
Deed
related
$9,591,000 · Jpmorgan Chase Bank NA
Jun 30, 2021
—
Esa P Portfolio Md LLC
—
Deed
related
$6,129,500 · Jpmorgan Chase Bank NA
Jul 26, 2007
—
Esh Of Homestead Portfolio LLC
—
Deed Of Trust
related
—
Jun 27, 2003
$5,070,330
Bre/homestead Portfolio LLC
Boulevard Motel Corp
Grant Deed
$56,400,000 · Bear Stearns Commercial Mtg
Jan 30, 2001
—
Boulevard Motel Corp
—
Trustees Deed
related
$280,000 · Chase Manhattan Bank
Oct 17, 1997
$1,200,000
Boulevard Motel Corp
Krm Development Corp
Grant Deed
—
—
—
Bre Of Homestead Portfolio LLC
—
Deed Of Trust
related
—
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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