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    12641 Ocean Gtwy Ocean City, MD 21842

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    For Lease
    Contact for pricing

    Retail spaces available, ranging from 1,400 to 12,500 SqFt.

    Property Features for 12641 Ocean Gtwy

    General Information

    Standard status
    Active

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    Listing Contact
    Jeffrey Bach
    Source: Crexi

    Listing Agency: KLNB Commercial Real Estate Services Listing Agent: Jeffrey Bach

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

    Learn more

    Overview

    Ocean City Retail Spaces Available

    This commercial real estate offers retail spaces for rent. There are 8 spaces available, ranging in size from 1,400 square feet to 12,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Verizon Mobile Phone Store CPU Wockenfuss Candies Postal Service Flagship Premium Cinemas Cinema GNC (Bike/Boat/Book/etc) Store Verizon Business Services Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1096488
    Latitude
    38.3392082

    Nearby Similar for Lease

    • $20 SF/Yr
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      Prime Commercial Space in Ocean City

      Highly visible 2,000 sq.ft. space ideal for retail or office.
      12638 Ocean Gtwy, Ocean City, MD 21842
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    • $7,080 /Mo
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      Ocean City Office Space Available

      First floor office suite in Ocean City, Maryland for lease.
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    • $24 SF/Yr
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      Prime Retail Space on Ocean Gateway

      End-cap unit in high-traffic Ocean City location.
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    • $25 SF/Yr
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      Prime Retail Space in Ocean City

      Retail space available in vibrant Ocean City destination.
      12741 Ocean Gtwy Unit, Ocean City, MD 21842
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    • $26 SF/Yr
      921,294 SF

      Prime Retail Space in Ocean City

      End-cap unit with potential for outdoor seating in vibrant location.
      12741 Ocean Gtwy Unit, Ocean City, MD 21842
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    • $23 SF/Yr
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      Outlets Ocean City Retail Space

      Prime retail leasing opportunity in vibrant Ocean City, Maryland.
      12741 Ocean Gtwy Unit, Ocean City, MD 21842
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    • $25 SF/Yr
      921,294 SF

      Prime Retail Space in Ocean City

      Exceptional visibility and strong traffic location in Ocean City, MD.
      12741 Ocean Gtwy Unit, Ocean City, MD 21842
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    • $24 SF/Yr
      921,294 SF

      Retail Space in Ocean City

      Former Hanes store with open floor plan and fitting rooms.
      12741 Ocean Gtwy Unit, Ocean City, MD 21842
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    • $20 SF/Yr

      Prime Retail/Office Space Available

      Highly visible retail or office space on Ocean Gateway.
      12638 Ocean Gtwy, Ocean City, MD 21842
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    • $54,000

      Renovated Office in Retail Center

      Turn-key office space with potential for retail or spa.
      13111 Coastal Hwy, Ocean City, MD 21842
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    • $20 SF/Yr

      Prime Retail/Office Space on Route 50

      Highly visible 2,000 sq.ft. retail/office unit on Ocean Gateway.
      12638 Ocean Gtwy, Ocean City, MD 21842
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    • $21 SF/Yr

      Retail Spaces in Ocean City Square

      Retail spaces available in high-traffic Ocean City location.
      11805 Coastal Hwy, Ocean City, MD 21842
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    FAQs

    What type of property is this?
    Retail space - Retail spaces available, ranging from 1,400 to 12,500 SqFt.
    Where is this retail space located?
    The property is located at 12641 Ocean Gtwy Ocean City, MD.
    What are key features of this property?
    This property features: - Retail spaces available; - **Multiple spaces: 8 available**; - Size range: 1,400 SqFt to 12,500 SqFt
    Request Owner's contact information
    12641 Ocean Gtwy Ocean City, MD 21842
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    Ocean City, MD 21842
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    12641 Ocean Gtwy Ocean City, MD 21842
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    Listing Contact
    Jeffrey Bach
    Real Estate License ID: MD325021
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