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    107 Somerset St, Unit 102 Ocean City, MD 21842

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    For Sale
    $570,000

    Specialty property available for sale in Ocean City, Maryland.

    Building Details

    Year built
    2006
    Source: Elliman

    Listing Agent: John Widgeon Ii

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ocean City Specialty Property

    A specialty property is available for sale. The list price is $570,000.
    Location Intelligence

    Current Use by Public Records

    Bel Mare Condos Condominium Complex

    Suggested Use

    Law Firm Realty agency Dental Office Hair Salon Auto Repair Shop Gym & Fitness Building Supply Accounting Firm Wholesale Shop Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.0878819
    Latitude
    38.3293465

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    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale in Ocean City, Maryland.
    Where is this specialty property located?
    The property is located at 107 Somerset St, Unit 102 Ocean City, MD.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: - Year Built: 2006
    (410) 629-0224
    Request Owner's contact information
    107 Somerset St, Unit 102 Ocean City, MD 21842
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    Ocean City, MD 21842
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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.

    More about this property
    107 Somerset St, Unit 102 Ocean City, MD 21842
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