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    Michael E Grimes, Ocean City, MD

    License ID: 90378
    Montego Bay Realty
    Years of Experience
    16

    Contact details

    Phone:
    (410) 251-6821
    Office Address:
    108 S Ocean Dr, Ocean City, MD, 21842

    Performance

    Listings
    1
    Total transactions
    78
    Total transactions amount
    $22M
    Price range
    $188k - 423k
    Average price
    $282k

    Listings

    For Sale (1)

    View map
    • $523,000

      Ocean City Specialty Property

      Specialty property available for sale in Ocean City, MD.
      13322 Peachtree Rd, Ocean City, MD 21842
      View Details

    Leases and Sales on Map

    • For Sale

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    Michael E Grimes, Ocean City, MD
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Michael E Grimes, Ocean City, MD
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