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Financial
Distress signals
Property profile

7208 Coastal Hwy Ocean City, MD 21842

OFF-MARKET
Commercial land
Property ID
US40-0797479
2,288 SF 0.23 ac lot Built 1954
Last sale Apr 2021 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$570k
Assessed land$570k
Effective rate1.41%

Value estimate

· Oct 2026
$655k
$590k – $721k
AI approach$695k
Submarket $/SF estimate$707k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$592/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$258 – $1,114
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-3
The purpose of this district is to encourage a durable and attractive vacation living environment which includes variety in housing types...
General categoryCOMMERCIAL
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store8.9
Tailor Shop8.9
Convenience Store8.8

Location

7208 Coastal Hwy Ocean City, MD 21842-7308
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
101 145th, Ocean City, MD 21842 $750,000 Jun 2024 1,200 SF
145th, Ocean City, MD 21842 $750,000 Jun 2024 4,536 SF
501 Baltimore, Ocean City, MD 21842-4203 $630,000 Feb 2022 2,592 SF
115 75th, Ocean City, MD 21842-5234 $6,000,000 Feb 2021 3,208 SF
8 10th, Ocean City, MD 21842-3759 $425,000 Sep 2020 2,699 SF
Ocean, Ocean City, MD 21842 $500,000 Sep 2020 1,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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