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Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
Motels
22769 3rd Notch Rd, California, MD 20619-3073
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-2374448
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,651 SF
Lot
2.68 ac (116,741 SF)
Zoning code
CMX
APN
08-012075
UPID
US40-2374448
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
-
La Quinta Inn & Suites by Wyndham Lexington Park - Patuxent Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.84M
CAP Approach
CAP
$6.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Mahant Hospitality California LLC · 4 yrs held
Mahant Hospitality California LLC
since 2021
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
CMX · California, 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 California submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California 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
$3,835,000
CAP Approach
CAP Return
Estimation
6%
$6,620,000
6.5%
$6,110,000
7%
$5,675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,260,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,965,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,735,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,475,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,165,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$3,965,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10% · vs last sale $6.05M (Sep 20 2021)
Last sale anchor
$6.05M
Sep 20 2021
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
$111 / 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
$46,391
Tax year 2023
Assessed value
$4,389,800
Assessed 2023
Previous assessed
$4,389,800
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$856,500
Assessed improvement
$3,533,300
Land market value
$856,500
Improvement market value
$3,533,300
Total market value
$4,389,800
Applied tax rate
8.0000
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
3
Units
2
Total area
54,651 SF
Lot
2.68 ac (116,741 SF)
Zoning code
CMX
APN
08-012075
UPID
US40-2374448
Jurisdiction
ST MARY'S
Zoning & alternative use
CMX · California, MD
Zoning CMX · permitted uses
CMX · California, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE 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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Buildings
2
Units
2
Lot
2.68 ac
Current owner
From public records · entity-resolved
Mahant Hospitality California LLC
Entity
Mailing address
14603 FARNHAM LN, LAUREL, MD 20707-9414
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Mahant Hospitality California LLC
—
Deed
related
$4,935,000 · United Bank
Sep 20, 2021
$6,050,000
Mahant Hospitality California LLC
Nam Jaeyoung
Deed
$5,000,000 · Bank Of George
Oct 4, 2018
$7,000,000
Nam Jaeyoung
Lexington Lodging INC
Special Warranty Deed
$4,650,000 · Virginia Partners Bank
Dec 18, 2017
—
Lexington Lodging INC
—
Deed
related
$4,950,000 · Maryland Partners Bank
Feb 24, 2011
—
Lexington Lodging INC
—
Deed Of Trust
related
$5,000,000 · Access National Bank
Aug 27, 2007
$4,150,000
Lexington Lodging INC
Patuxent Motor Lodge LLC
Grant Deed
$4,600,000 · Mercantile Southern Md Bank
—
—
Lexington Lodging INC
—
Deed Of Trust
related
$400,000 · Branch Banking & Trust Co
—
—
Lexington Lodging INC
—
Deed Of Trust
related
$4,950,000 · Maryland Partners Bank
—
—
Lexington Lodging INC
—
Deed Of Trust
related
$4,397,126 · Mercantile Southern Md Bank
—
—
Lexington Lodging INC
—
Deed Of Trust
related
—
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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