Property profile

12325 Old Bridge Rd Ocean City, MD 21842

FOR SALE
Commercial land
Property ID
US40-1534438
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Property summary

AI-generated overview

Unique 3.64 Acre Site - C2 Commercial Zoning in Worcester County. Many Development Possibilities. Great Road Frontage and Visibility on US Route 50 and MD 707. Owner will consider Multi Use Devleopment/Subdivision. $507,000 Annual Ground Lease - variable pricing based on potential subdivision. Owner will also consider selling the property as one lot or divided into 3 lots. Price: $6,850,000 Together or Subdivided .75 ac @ $1,612,500 1.14 ac @ $2,262,500 1.75 ac @ $2,975,000; or $507,000 Annual Ground Lease Size: 3.64 Acres w/ C2 Commercial Zoning

Property profile

Verified
Property type Commercial land
UPID US40-1534438

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12325 Old Bridge Rd Ocean City, MD 21842
Ocean City metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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