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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Hotels
2 Warner Rd Elkton, MD 21921-5000
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0994348
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Total area
46,432 SF
Lot
3.15 ac (137,214 SF)
Zoning code
C3
APN
03-110036
UPID
US40-0994348
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
-
Hampton Inn Elkton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Nova Elkton Hotels LLC · 4 yrs held
Nova Elkton Hotels LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
C3 · Elkton, MD
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 Elkton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkton 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
$980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Jan 28 2022)
Last sale anchor
$1.00M
Jan 28 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
$21 / 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
$68,637
Tax year 2023
Assessed value
$3,944,667
Assessed 2023
Previous assessed
$3,942,933
+0.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$1,028,900
Improvement market value
$2,917,500
Total market value
$3,946,400
Applied tax rate
30.0000
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
2002
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
71
Total area
46,432 SF
Lot
3.15 ac (137,214 SF)
Zoning code
C3
APN
03-110036
UPID
US40-0994348
Jurisdiction
CECIL
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
C3 · Elkton, MDZoning C3 · permitted uses
C3 · Elkton, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
The Mayor and Commissioners
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
71
Lot
3.15 ac
Current owner
From public records · entity-resolved
Nova Elkton Hotels LLC
Entity
Mailing address
2 WARNER RD, ELKTON, MD 21921-5000
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
Nova Elkton Hotels LLC
—
Deed
related
$500,000 · United States Small Business Admin
Sep 2, 2025
—
Nova Elkton Hotels LLC
—
Deed
related
$3,177,000 · 504 Capital Corp
Aug 21, 2025
—
Nova Elkton Hotels LLC
—
Deed
related
$5,175,000 · Newtek Bank NA
Jan 28, 2022
$1,000,000
Nova Elkton Hotels LLC
Amrut Patel
Special Warranty Deed
$7,140,000 · Access Point Financial LLC
Jan 28, 2022
$100,000
Maa Gayatri INC
Amrut Patel
Lease
—
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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