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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Hotels
1601 Brightseat Rd Landover, MD 20785-3711
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US40-1628767
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Construction
FRAME
Total area
54,120 SF
Lot
5.3 ac (230,868 SF)
Zoning code
IE
APN
13-1391309
UPID
US40-1628767
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.50M
Owner & transaction history
Landover Brightseat LLC · 1 yrs held
Landover Brightseat LLC
since 2024
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
IE · Landover, 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 Landover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Landover 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,690,000
Current use
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Nov 13 2024)
Last sale anchor
$1.50M
Nov 13 2024
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
$28 / 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
$98,968
Tax year 2023
Assessed value
$8,900,000
Assessed 2023
Previous assessed
$10,546,900
-15.6% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,770,400
Assessed improvement
$6,129,600
Land market value
$2,770,400
Improvement market value
$6,129,600
Total market value
$8,900,000
Applied tax rate
13.0000
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
2018
Construction
FRAME
Heating
YES
Cooling
YES
Stories
4
Units
122
Total area
54,120 SF
Lot
5.3 ac (230,868 SF)
Zoning code
IE
APN
13-1391309
UPID
US40-1628767
Jurisdiction
PRINCE GEORGE'S
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
IE · Landover, MD
Zoning IE · permitted uses
IE · Landover, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Landover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.7M
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
2018
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
122
Lot
5.3 ac
Current owner
From public records · entity-resolved
Landover Brightseat LLC
Entity
Mailing address
7200 GLN FRST DR STE #200, RICHMOND, VA 23226-3768
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
Landover Brightseat LLC
—
Deed
related
$4,925,000 · First United Bank & Trust
Nov 13, 2024
$1,500,000
Landover Brightseat LLC
Sandpiper Arena Drive LLC
Special Warranty Deed
$1,500,000 · Justine Investments LLC
Apr 24, 2020
—
Sandpiper Arena Driev LLC
—
Deed
related
$8,000,000 · Atlantic Union Bank
Feb 24, 2017
—
Sandpiper Arena Drive LLC
—
Deed
related
$8,000,000 · Eagle Bank
Feb 29, 2016
$2,525,000
Sandpiper Arena Drive LLC
Navnish Landover LLC
Grant Deed
—
Jun 22, 2005
$880,000
Navnish Landover LLC
Landover Properties INC
Grant Deed
related
$850,000 · Navnish Investment Co LLC
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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