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    9156 Ocean Hwy Delmar, MD 21875

    • Industrial properties
    • 3.54 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clean Power Wash LLC / Landscaping / General Contractor
    • Delmarva Christmas Lights / Landscaping

    Property Details for 9156 Ocean Hwy

    Year built
    1989
    Lot size
    3.54 lot acres
    Property type
    Industrial properties

    Description

    This exceptional industrial property boasts a highly desirable location with direct frontage on Route 13, ensuring maximum visibility and accessibility. The expansive warehouse space totals 10,350 square feet, featuring a clear span design ideal for efficient operations and flexible layout. A substantial 1650 square foot mezzanine provides additional storage or office space, complementing the existing 1650 square feet of dedicated office area. Loading and unloading are simplified with two 14-foot roll-up doors and one 10-foot roll-up door, ensuring smooth logistics. The warehouse features generous ceiling heights, reaching 16 feet at the ends and 18 feet at the center, accommodating a variety of equipment and storage needs. The property also benefits from three-phase electric service, catering to power-intensive operations. Situated on a sizable 3.54-acre lot, this property offers ample space for expansion, outdoor storage, or future development. Its strategic location and comprehensive features make it an ideal investment opportunity for businesses seeking a prominent and functional industrial space in Delmar, Maryland. The property's high visibility and convenient access to Route 13 make it an attractive option for a wide range of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.5618
    Latitude
    38.444

    Comparable in this City

    • Value Estimation
      $1,605,000
      27,859 SF

      29790 Connelly Ml Rd

      INDUSTRIAL (GENERAL) • 27,859 SF
      29790 Connelly Ml Rd, Delmar, MD 21875-2460
      View Details
    • Value Estimation by Request
      350 SF

      30055 Connelly Ml Rd

      HEAVY INDUSTRIAL • 350 SF
      30055 Connelly Ml Rd, Delmar, MD 21875
      View Details
    • Value Estimation by Request
      1.69 Acres

      Ocean Hwy

      INDUSTRIAL (GENERAL) • 1.69 Acres
      Ocean Hwy, Delmar, MD 21875
      View Details
    • Value Estimation by Request
      43.62 Acres

      29573 Foskey Ln

      INDUSTRIAL (GENERAL) • 43.62 Acres
      29573 Foskey Ln, Delmar, MD 21875-2506
      View Details
    • Value Estimation by Request
      1.76 Acres

      8942 Ocean Hwy

      INDUSTRIAL (GENERAL) • 1.76 Acres
      8942 Ocean Hwy, Delmar, MD 21875
      View Details
    • Value Estimation by Request
      12,000 SF

      9156 Ocean Hwy

      Distribution properties • 12,000 SF
      9156 Ocean Hwy, Delmar, MD 21875
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.54 Acres

      Prime Delmar Industrial Warehouse

      High-visibility warehouse, office space, Rt 13 frontage.
      9156 Ocean Hwy, Delmar, MD 21875
      View Details
    • Contact for pricing

      New Flex Space on Land

      New 4,000 SF flex space on 2 acres.
      29729 Foskey Ln, Delmar, MD 21875
      View Details
    • $2,250,000

      Prime Corner Land for Development

      Highly visible corner lot suitable for various commercial developments.
      Ocean Hwy, Delmar, MD 21875
      View Details
    • $450,000
      1.75 Acres

      Prime Delmar Commercial Land

      1.75 Acres, US Route 13 Frontage
      30342 Foskey Ln, Delmar, MD 21875
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      12,000 SF

      Warehouse with Route 13 Frontage

      Warehouse with office and mezzanine space available for lease.
      9172 Ocean Hwy, Delmar, MD 21875
      View Details
    • $25,000

      Delmar Commercial Highway Pad Site

      0.65 acre commercial land for rent on US Route 13.
      8600 Ocean Hwy, Delmar, MD 21875
      View Details
    • $17 SF/Yr
      14,564 SF

      High-Traffic Delmar Retail Space

      Prime MD location, 14,564 SF available.
      1301 State St, Delmar, MD 21875
      View Details
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    Delmar, MD 21875
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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
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