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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Hotels
160 Scheeler Rd Chestertown, MD 21620-1031
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US40-1212532
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
BRICK
Total area
32,767 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C-1
APN
04-026950
UPID
US40-1212532
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
-
Red Roof Inn & Suites Chestertown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Jai Swaminarayan Chestertown LLC · 10 yrs held
Jai Swaminarayan Chestertown LLC
since 2016
7 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
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$23 / 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
$42,638
Tax year 2023
Assessed value
$2,738,100
Assessed 2023
Previous assessed
$2,738,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$450,000
Assessed improvement
$2,288,100
Land market value
$450,000
Improvement market value
$2,288,100
Total market value
$2,738,100
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
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
53
Total area
32,767 SF
Lot
2.1 ac (91,476 SF)
Zoning code
C-1
APN
04-026950
UPID
US40-1212532
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
1996
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
53
Lot
2.1 ac
Current owner
From public records · entity-resolved
Jai Swaminarayan Chestertown LLC
Entity
Mailing address
160 SCHEELER RD, CHESTERTOWN, MD 21620-1031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
Jai Swaminarayan Chestertown LLC
—
Deed
related
—
Feb 18, 2016
$2,900,000
Jai Swaminarayan Chestertown LLC
Deven INC
Deed
$2,550,000 · Republic First Bank
Jun 26, 2007
$3,625,000
Deven INC
Thompson Hotels INC
Grant Deed
$3,700,000 · Mercantile County Bank
—
—
Deven INC
—
Deed Of Trust
related
$3,700,000 · Envoy Maryland Holdings LLC
—
—
C & T Land INC
—
Deed Of Trust
related
$1,950,000 · Chestertown Bank Maryland
—
—
C&t Land INC
—
Deed Of Trust
related
$2,800,000 · Farmers & Merchants Bank (md)
—
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$2,000,000 · Mercantile Eastern Shore 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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