12426 Houck Ave Clear Spring, MD 21722-1709
Property profile & analytics
12426 Houck Ave Clear Spring, MD 21722-1709
- Motels
- 41,174 SF
- 2.32 lot acres
Property ID
US40-1063530
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Holiday Inn Express & Suites Clear Spring, an IHG Hotel / Hotel & Motel
Property Details for 12426 Houck Ave
- Year built
- 2009
- Lot size
- 2.32 lot acres
- Property size
- 41,174 SF
- Zone code
- HI
- Property type
- Motels
- APN
- 04-003527
- APU
- 4003527
Description
This exceptional 79-key Holiday Inn Express & Suites hotel presents a compelling investment opportunity. Situated on a 2.32-acre lot in Clear Spring, Maryland, this three-story, interior-corridor property boasts 41,474 square feet and benefits from a prime location off Interstate 70 (40,552 vehicles per day) and Route 40 (3,751 vehicles per day). Built in 2009 and extensively renovated in 2018, the hotel offers a modern and well-maintained facility. The property is offered fee simple, unencumbered by debt or third-party management. A long-term relicense with IHG is anticipated upon completion of a modest change-of-ownership PIP. Recent performance data shows a RevPAR of $63.37 in the trailing twelve months ending February 2024, with a penetration index of 88.9% compared to the competitive set. This presents a significant opportunity for an owner-operator to implement aggressive sales and rate management strategies, potentially increasing RevPAR penetration to 100% or more through the completion of the change-of-ownership PIP and subsequent renovations. The property's strong location and brand affiliation, coupled with the potential for increased profitability, make this a highly attractive investment. The property is currently unpriced, and offers will be reviewed based on price and terms. Appointments for property tours are required.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $3,270,000
- WAREHOUSE, STORAGE
- $2,310,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clear Spring
- County
- Washington
- State
- Maryland
- Longitude
- -77.9262
- Latitude
- 39.655
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$36,937
$806,200
$2,745,400
$3,551,600
-
$806,200
$2,745,400
$3,551,600
