Property profile

11 Baltimore Ave Ocean City, MD 21842

OFF-MARKET
Hotels
Property ID
US40-2355268
43,750 SF 0.27 ac lot Built 2009
Entity Owned 20-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2009
Total area 43,750 SF
Lot 0.27 ac (11,830 SF)
Zoning code DMX
APN 10-028957
UPID US40-2355268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Cafe & Coffee Shop
  • Electric Vehicle Charging Station

Location

11 Baltimore Ave Ocean City, MD 21842-4016
Ocean City metro Census 950000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.51M

Owner & transaction history

since 2006
5 recorded transactions
2020
Price N/A
2008
Price N/A
2006
$3.6M
2005
$2.3M
1969
Price N/A

Zoning & alternative use

DMX · Ocean City, MD
Zoning description

The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and person…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11 Baltimore Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message