Fully Leased Office Building with Triple
New
For Sale
$3,300,000
6200 COASTAL HIGHWAY #1, Ocean City, MD 21842
Fully leased office building with triple net leases on Coastal Highway at the Rt. 90 bridge intersection.
Property Size7,404 SF
Price / SF$445.71
Days on Market5
Property Features for 6200 COASTAL HIGHWAY #1
General Information
Standard status
Active
Size
7,404 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Year Built
2006
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2421
Listed By:
Wesley Cox · License #574198
(410) 543-2421
Source:
Cummingsrealtors
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN/Miller Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building is fully leased with triple net leases. Built in 2006 and totaling 7,404 SF, the property is positioned to serve established office users seeking an income-producing, professionally structured lease setup.
6200 Coastal Highway is located directly on Coastal Highway at the Rt. 90 bridge intersection, along the island’s primary commercial corridor. It sits at the entrance of one of the only access points to get on the island, supporting consistent year-round traffic counts and sustained exposure from Ocean City’s visitors.
With Ocean City’s barrier-island geography limiting meaningful commercial expansion, existing commercial assets along Coastal Highway are described as facing strong tenant demand and long-term value stability driven by limited supply and market growth.
6200 Coastal Highway is located directly on Coastal Highway at the Rt. 90 bridge intersection, along the island’s primary commercial corridor. It sits at the entrance of one of the only access points to get on the island, supporting consistent year-round traffic counts and sustained exposure from Ocean City’s visitors.
With Ocean City’s barrier-island geography limiting meaningful commercial expansion, existing commercial assets along Coastal Highway are described as facing strong tenant demand and long-term value stability driven by limited supply and market growth.
Key Highlights
- Fully leased office building with triple net leases
- Directly on Coastal Highway at the Rt. 90 bridge intersection
- Situated along the island’s primary commercial corridor
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.4k | $22.20 |
| − Vacancy | −$26.3k | −$3.55 |
| EGI | $138.1k | $18.65 |
| − OpEx | −$34.5k | −$4.66 |
| NOI | $103.6k | $13.99 |
7,404 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.73M
NOI $103,552 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,547 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 21842, MD
11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office building with triple net leases on Coastal Highway at the Rt. 90 bridge intersection.
Where is this office building located?
The property is located at 6200 COASTAL HIGHWAY #1 Ocean City, MD.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Fully leased office building with triple net leases; Directly on Coastal Highway at the Rt. 90 bridge intersection; Situated along the island’s primary commercial corridor
