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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Hotels
305 Harry S Truman Pkwy Annapolis, MD 21401-7481
Individually Owned
18-yr Hold
Free & Clear
Property ID
US40-2100050
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
4,407 SF
Lot
2.38 ac (103,673 SF)
Zoning code
C2
APN
02-009-90217123
UPID
US40-2100050
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
-
Hilton Garden Inn Annapolis Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$905k
Owner & transaction history
Eight Hospitality Owners Apple · 18 yrs held
Eight Hospitality Owners Apple
since 2008
5 recorded transactions
Zoning & alternative use
C2 · Annapolis, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$1.5M
+54.7%
Neighborhood: shopping center
$1.0M
+9.6%
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 Annapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Annapolis 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
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$950,000
Current use
WAREHOUSE, STORAGE
$1,470,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10%
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
$205 / 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
$89,627
Tax year 2023
Assessed value
$8,207,600
Assessed 2023
Previous assessed
$8,207,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,665,600
Assessed improvement
$5,542,000
Land market value
$2,665,600
Improvement market value
$5,542,000
Total market value
$8,207,600
Applied tax rate
2.0000
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
2007
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
4
Units
2
Total area
4,407 SF
Lot
2.38 ac (103,673 SF)
Zoning code
C2
APN
02-009-90217123
UPID
US40-2100050
Jurisdiction
ANNE ARUNDEL
Zoning & alternative use
C2 · Annapolis, MDZoning C2 · permitted uses
C2 · Annapolis, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C2 Conservation Business district is designed to encourage the preservation of the old city by allowing a compatible mixture of business and home crafts and shops, unique to the early development of the city
Zone name
Conservation Business
General category
COMMERCIAL
Zone area
20.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Units
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Eight Hospitality Owners Apple
Individual
Free & Clear · 18 yrs held
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2008
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 23, 2008
$20,564,300
Eight Hospitality Owners Apple
Columbia Hospitality INC
Grant Deed
—
Jun 30, 2005
$2,300,000
Columbia Hospitality INC
Riva Business Park X LLC
Grant Deed
—
Apr 16, 2004
—
Riva Business Park X LLC
Riva Business Park I LLC
Quit Claim Deed
related
—
—
—
Columbia Hospitality INC
—
Deed Of Trust
related
$969,105 · First Mariner Bank
—
—
Columbia Hospitality INC
—
Deed Of Trust
related
$10,230,895 · First Mariner Bank
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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