Property profile

2451 Riva Rd Annapolis, MD 21401

OFF-MARKET
Motels
Property ID
US40-1105408
27,000 SF 1.48 ac lot Built 1983
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1983
Construction BRICK
Total area 27,000 SF
Lot 1.48 ac (64,469 SF)
Zoning code TC
APN 02-000-90037899
UPID US40-1105408

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Housing Development

Location

2451 Riva Rd Annapolis, MD 21401-7025
Annapolis metro Census 702402 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.62M
Blend (final) Blend
$8.54M

Owner & transaction history

since 2022
Last sale
$8.6M
4 recorded transactions
2022
$8.6M
2006
Price N/A
2000
$2.5M
1969
Price N/A

Zoning & alternative use

TC · Annapolis, MD
Top alternative use upside
Restaurant $13.1M +125.3%
Industrial (general) $12.3M +111.3%
Auto repair, garage $11.5M +97.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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