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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Hotels
150 Scheeler Rd Chestertown, MD 21620-1031
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US40-1112999
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
46,431 SF
Lot
2.66 ac (115,870 SF)
Zoning code
C-1
APN
04-028244
UPID
US40-1112999
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
-
Holiday Inn Express & Suites Chestertown Hotel & Motel
-
Comfort Inn & Suites Chestertown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Neema Chestertown LP · 15 yrs held
Neema Chestertown LP
since 2011
4 recorded transactions
Zoning & alternative use
C-1 · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-1 zone is to provide appropriate locations for a wide variety of auto related, commercial and miscellaneous service activities
Zone name
General Commercial
General category
COMMERCIAL
Zone area
66.96 ac
Source
Realmo
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 Chestertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestertown 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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$18 / 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
$54,158
Tax year 2023
Assessed value
$3,477,900
Assessed 2023
Previous assessed
$3,477,900
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$798,000
Assessed improvement
$2,679,900
Land market value
$798,000
Improvement market value
$2,679,900
Total market value
$3,477,900
Applied tax rate
20.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Stories
3
Units
1
Total area
46,431 SF
Lot
2.66 ac (115,870 SF)
Zoning code
C-1
APN
04-028244
UPID
US40-1112999
Jurisdiction
KENT
Zoning & alternative use
C-1 · Chestertown, MDZoning C-1 · permitted uses
C-1 · Chestertown, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of C-1 zone is to provide appropriate locations for a wide variety of auto related, commercial and miscellaneous service activities
Zone name
General Commercial
General category
COMMERCIAL
Zone area
66.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
HEAT PUMP
Stories
3
Units
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Neema Chestertown LP
Entity
Mailing address
1012 WESLEY DR, MECHANICSBURG, PA 17055-5466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2011
$5,000,000
Neema Chestertown LP
Eagle One Investments LLC
Grant Deed
$4,250,000 · Virginia Heritage Bank
Oct 23, 2006
—
Eagle One Investments LLC
—
Trustees Deed
related
$4,847,900 · Wilmington Trust Fsb
May 5, 2006
$625,000
Eagle One Investments LLC
Gerald,donald E
Grant Deed
—
—
—
Neema Chestertown LP
—
Deed Of Trust
related
$1,792,000 · Chesapeake Business Fin'l Corp
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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