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Property profile & analytics
OFF-MARKET
Hotels
4165 Mears Ave Chesapeake Beach, MD 20732-5116
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1063374
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2004
Total area
2,524 SF
Lot
0.76 ac (33,230 SF)
Zoning code
MCR
APN
03-173542
UPID
US40-1063374
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
-
Hot Lick Tour Operator Travel Agency
-
Chubby Chaser Charters Tour Operator Travel Agency
-
Chesapeake Beach Charter Captains Tour Operator Travel Agency
-
Capt. Pete's Fishing Charters Tour Operator Travel Agency
-
top secret charters Tour Operator Travel Agency
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
Rod & Reel INC · 8 yrs held
Rod & Reel INC
since 2018
6 recorded transactions
Zoning & alternative use
MCR · Chesapeake Beach, 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 Chesapeake Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesapeake Beach 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
$54,596
Tax year 2023
Assessed value
$5,455,767
Assessed 2023
Previous assessed
$4,755,300
+14.7% YoY
Effective rate
1.00%
On assessed value
Land market value
$448,600
Improvement market value
$6,408,100
Total market value
$6,856,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Heating
HEAT PUMP
Stories
4
Units
2
Total area
2,524 SF
Lot
0.76 ac (33,230 SF)
Zoning code
MCR
APN
03-173542
UPID
US40-1063374
Jurisdiction
CALVERT
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
MCR · Chesapeake Beach, MDZoning MCR · permitted uses
MCR · Chesapeake Beach, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
HEAT PUMP
Stories
4
Units
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Rod & Reel INC
Entity
Mailing address
PO BOX 99, CHESAPEAKE BEACH, MD 20732-0099
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
Rod & Reel INC
—
Deed
related
$5,000,000 · Shore United Bank NA
Sep 4, 2018
—
Rod & Reel INC
—
Grant Deed
related
$27,000,000 · Community Bk/chesapeake
Jul 25, 2018
—
Rod & Reel INC
—
Deed
related
$27,000 · Community Bk/chesapeake
Jun 21, 2018
—
Rod & Reel INC
Rod & Reel Hotel LLC
Quit Claim Deed
$840,035 · Community Bk/chesapeake
Nov 19, 2002
—
Rod & Reel Hotel LLC
Rod & Reel INC
Quit Claim Deed
related
$5,000,000 · Community Bank Of Tri-county
—
—
Rod & Reel INC
—
Deed Of Trust
related
$27,000 · Community Bk/chesapeake
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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