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Property profile & analytics
OFF-MARKET
Estimated value
$14,315,000
Hotels
3206 Main St Grasonville, MD 21638-1030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-0667744
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Construction
CONCRETE
Total area
65,108 SF
Lot
2.72 ac (118,483 SF)
Zoning code
WVC
APN
05-017386
UPID
US40-0667744
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Hilton Garden Inn Kent Island 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
$14.32M
Owner & transaction history
Ch Kent Narrows Owner LLC · 4 yrs held
Ch Kent Narrows Owner LLC
since 2022
Last sale
$14.4M
7 recorded transactions
Zoning & alternative use
WVC · Grasonville, 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 Grasonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grasonville 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
$14,065,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,495,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$10,080,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,435,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$9,390,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$14.32M
Range $12.88M – $15.75M · ±10% · vs last sale $14.44M (Jan 6 2022)
Last sale anchor
$14.44M
Jan 6 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
$220 / 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
$87,770
Tax year 2023
Assessed value
$9,317,400
Assessed 2023
Previous assessed
$9,166,600
+1.6% YoY
Effective rate
0.94%
On assessed value
Land market value
$1,768,000
Improvement market value
$7,700,200
Total market value
$9,468,200
Applied tax rate
5.0000
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
2005
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
5
Units
1
Total area
65,108 SF
Lot
2.72 ac (118,483 SF)
Zoning code
WVC
APN
05-017386
UPID
US40-0667744
Jurisdiction
QUEEN ANNE'S
Zoning & alternative use
WVC · Grasonville, MDZoning WVC · permitted uses
WVC · Grasonville, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$14.5M
OFFICE BUILDING
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$9.4M
RETAIL STORES
Est. value
$9.4M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2005
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
5
Units
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
Ch Kent Narrows Owner LLC
Entity
Mailing address
3206 MAIN ST, GRASONVILLE, MD 21638-1030
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$14,442,000
Ch Kent Narrows Owner LLC
Kent Narows Properties LLC
Special Warranty Deed
—
Oct 6, 2017
—
Kent Narrows Properties LLC
—
Deed
related
$1,500,000 · First Mariner Bk
Mar 6, 2008
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$9,743,000 · Wilmington Trust Fsb
Jul 27, 2004
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$10,000,000 · Chestertown Bank Maryland
—
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$10,762,500 · First Mariner Bk
—
—
Kent Narrows Properties LLC
—
Loan Modification
related
$8,731,470 · M & T Bank
—
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$10,000,000 · Chestertown Bank Maryland
—
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$1,500,000 · First Mariner Bk
—
—
Kent Narrows Properties LLC
—
Deed Of Trust
related
$2,050,000 · Mercantile Eastern Shore 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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