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Property profile

1001 Philadelphia Ave Ocean City, MD 21842

OFF-MARKET
Medical Office Space
Property ID
US40-1391964
5,833 SF 0.56 ac lot Built 1961
Last sale Sep 1996 · $560,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of a 5,833-square-foot medical office building situated on a 24,400-square-foot lot, located at 1001 Philadelphia Ave in Ocean City, Maryland. It includes on-site parking for 26 vehicles and designated areas suitable for signage. The building is configured for medical-office use and has been operated under a triple-net (NNN) style lease structure with renewal options described as two five-year periods.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$26k
Tax billed · 2023
Assessed value$1.84M
Effective rate1.41%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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?

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

Zoning insight

What can be built here?
R-2
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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.5
Auto Parts Store9.1
Nail Salon8.9

Location

1001 Philadelphia Ave Ocean City, MD 21842-3735
County assessor Recorded deeds · 2 transfers 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

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
12385 Ocean, Ocean City, MD 21842-9576 $1,784,483 Apr 2025 3,864 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
3 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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