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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Motels
1507 Joppa Rd, Towson, MD 21286-5912
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0976070
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
BRICK
Total area
18,662 SF
Lot
1.1 ac (48,090 SF)
Zoning code
BRCNS
APN
09-0913209630
UPID
US40-0976070
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.19M
Owner & transaction history
Towson Joppa Enterprise LLC · 4 yrs held
Towson Joppa Enterprise LLC
since 2022
Last sale
$2.2M
1 recorded transaction
Zoning & alternative use
BRCNS · Towson, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.4M
+18.8%
Commercial (general)
$3.1M
+7.0%
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 Towson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Towson 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
$2,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,870,000
6.5%
$1,730,000
7%
$1,605,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,420,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,075,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,840,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$2,710,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.15M (May 31 2022)
Last sale anchor
$2.15M
May 31 2022
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
$117 / 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
$20,696
Tax year 2023
Assessed value
$1,551,500
Assessed 2023
Previous assessed
$1,260,700
+23.1% YoY
Effective rate
1.33%
On assessed value
Land market value
$905,900
Improvement market value
$1,227,200
Total market value
$2,133,100
Applied tax rate
9.0000
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
1964
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Total area
18,662 SF
Lot
1.1 ac (48,090 SF)
Zoning code
BRCNS
APN
09-0913209630
UPID
US40-0976070
Jurisdiction
BALTIMORE
Zoning & alternative use
BRCNS · Towson, MD
Zoning BRCNS · permitted uses
BRCNS · Towson, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Towson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1964
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Towson Joppa Enterprise LLC
Entity
Mailing address
9130 GUILFORD RD, COLUMBIA, MD 21046-1803
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$2,150,000
Towson Joppa Enterprise LLC
Pankaj Khushal
Special Warranty Deed
$3,000,000 · Pankaj Kushal
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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