Retail/Office Condo
9927 Stephen Decatur Highway 7f Ocean City, MD 21842
New
9927 Stephen Decatur Highway 7f, Ocean City, MD, 21842
$399,999
For Sale
$399,999
Retail/office shop for sale within the Teal Marsh Shopping Center in West Ocean City.
Property Size1,580 SF
Price / SF$253.16
Days on Market2
Property Features for 9927 Stephen Decatur Highway 7f
General Information
- Standard status
- Active
- Size
- 1,580 SF
Building Details
- Year Built
- 2005
Listing agency
Coldwell Banker Realty
(410) 726-0725
Listed by
Jamie Caine
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 1:57PM Checked: Jul 22 at 1:57PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This for-sale retail/office shop is located in the Teal Marsh Shopping Center and is set up as an individual condo unit. The property is described as a retail/office shop, with quarter fees and a water bill noted in the remarks.
The unit is located at 9927 Stephen Decatur Highway 7F in Ocean City, Maryland.
Condo fees and quarter fees are referenced in the public remarks, including a condo fee of $1,425 and a water bill of $50.
The unit is located at 9927 Stephen Decatur Highway 7F in Ocean City, Maryland.
Condo fees and quarter fees are referenced in the public remarks, including a condo fee of $1,425 and a water bill of $50.
Key Highlights
- Retail/office shop for sale in the Teal Marsh Shopping Center in West Ocean City
- Year built: 2005
- Condo fee: $1,425
Local 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 | $35.1k | $22.20 |
| − Vacancy | −$5.6k | −$3.55 |
| EGI | $29.5k | $18.65 |
| − OpEx | −$7.4k | −$4.66 |
| NOI | $22.1k | $13.99 |
1,580 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$315.7K
$276.2K – $368.3K
NOI $22,098 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OC Jewelers
Production Facility
Law Office of Klaudia ...
Law Firm
Venus Nails II ...
Nail Salon
Pilates and More
Gym & Fitness Center
Mitchell and Hastings Financial ...
Financial Advisor
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FAQs
What type of property is this?
Shopping center - Retail/office shop for sale within the Teal Marsh Shopping Center in West Ocean City.
Where is this shopping center located?
The property is located at 9927 Stephen Decatur Highway 7f Ocean City, MD.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Retail/office shop for sale in the Teal Marsh Shopping Center in West Ocean City; Year built: 2005; Condo fee: $1,425
