Financial
Distress signals
Property profile

106 N Division St Ocean City, MD 21842

FOR SALE
Grocery and convenience stores
Property ID
US40-1398518
2,624 SF 0.26 ac lot Built 1985
Last sale Mar 2025 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Mortgages

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?
$16k
Tax billed · 2023
Assessed value$1.10M
Effective rate1.41%

Value estimate

· Sep 2026
$1.50M
$1.35M – $1.65M
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$2k
Operating expenses−$13k
NOI · 1.41% cap applied$39k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1.41%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DMX
The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteris...
General categoryMIXED_USE
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.4
Plumbing Service8.7
Tailor Shop8.7

Location

106 N Division St Ocean City, MD 21842
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9105 Coastal, Ocean City, MD 21842-2744 $910,000 Dec 2024 2,044 SF
12449 Ocean, Ocean City, MD 21842-9539 $500,000 Dec 2023 2,400 SF
12742 Ocean, Ocean City, MD 21842-9544 $1,150,000 Jan 2023 2,520 SF
200 Baltimore, Ocean City, MD 21842-4021 $28,000,000 Dec 2021 2,476 SF
14103 Coastal, Ocean City, MD 21842 $1,260,000 Aug 2020 3,168 SF
12842 Ocean, Ocean City, MD 21842-9548 $1,100,000 Jan 2019 2,434 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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