Back to Search
Property profile & analytics
OFF-MARKET
Hotels
208 High St Chestertown, MD 21620-1518
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US40-2410177
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1902
Construction
BRICK
Total area
8,190 SF
Lot
0.15 ac (6,446 SF)
Zoning code
C-2
APN
04-005384
UPID
US40-2410177
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
-
The Kitchen at the Imperial Restaurant
-
Organic Farmacy Management Consultant
-
Meehan Stephen Z Law Firm
-
Hippocratic Growth, LLC Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Imperial Hotel Management LLC · 12 yrs held
Imperial Hotel Management LLC
since 2014
3 recorded transactions
Zoning & alternative use
C-2 · Chestertown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of C-2 zone is to support mixed use uses that contain an active non-residential ground floor encompassing the retail, service and office core of the central business district and permit a wide variety of uses that provide basic goods and services to the community and to the surrounding region
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
22.85 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,052
Tax year 2023
Assessed value
$967,100
Assessed 2023
Previous assessed
$966,600
+0.1% YoY
Effective rate
1.56%
On assessed value
Assessed land
$700,000
Assessed improvement
$267,100
Land market value
$700,000
Improvement market value
$267,100
Total market value
$967,100
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
1902
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
3
Units
2
Total area
8,190 SF
Lot
0.15 ac (6,446 SF)
Zoning code
C-2
APN
04-005384
UPID
US40-2410177
Jurisdiction
KENT
Zoning & alternative use
C-2 · Chestertown, MDZoning C-2 · permitted uses
C-2 · 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-2 zone is to support mixed use uses that contain an active non-residential ground floor encompassing the retail, service and office core of the central business district and permit a wide variety of uses that provide basic goods and services to the community and to the surrounding region
Zone name
Downtown Commercial
General category
MIXED_USE
Zone area
22.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1902
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Imperial Hotel Management LLC
Entity
Mailing address
208 HIGH ST, CHESTERTOWN, MD 21620-1518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2014
$765,000
Imperial Hotel Management LLC
Out Front Partners LLC
Deed
$25,000 · The Peoples Bank
Jun 19, 2006
$1,502,520
Out Front Partners LLC
Folie A Deux INC
Grant Deed
$1,600,000 · Mercantile Eastern Shore Bank
—
—
Partners II Of Montabello LLC
—
Deed Of Trust
related
$600,000 · Chesapeake Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 High St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
