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Property profile & analytics
OFF-MARKET
Estimated value
$6,185,000
Grocery and convenience stores
11805 Coastal Hwy, Ocean City, MD 21842-2460
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1223569
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
BRICK
Total area
40,816 SF
Lot
9.64 ac (419,875 SF)
Zoning code
LC-1
APN
10-145996
UPID
US40-1223569
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Telescope Pictures Photography Service (Bike/Boat/Book/etc) Store
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Leons At The Beach Restaurant
-
Mint + Major Beach Haus Clothing & Fashion Store
-
The Buzzed Word (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$6.19M
Owner & transaction history
Ocean City Square LLC · 20 yrs held
Ocean City Square LLC
since 2005
1 recorded transaction
Zoning & alternative use
LC-1 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocean City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,030,000
6.5%
$6,490,000
7%
$6,025,000
Blend value · Realmo final
$6.19M
Range $5.57M – $6.80M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$198,477
Tax year 2023
Assessed value
$14,080,400
Assessed 2023
Previous assessed
$13,693,400
+2.8% YoY
Effective rate
1.41%
On assessed value
Assessed land
$4,739,300
Assessed improvement
$9,341,100
Land market value
$4,739,300
Improvement market value
$9,341,100
Total market value
$14,080,400
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
4
Total area
40,816 SF
Lot
9.64 ac (419,875 SF)
Zoning code
LC-1
APN
10-145996
UPID
US40-1223569
Jurisdiction
WORCESTER
Zoning & alternative use
LC-1 · Ocean City, MD
Zoning LC-1 · permitted uses
LC-1 · Ocean City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
9.64 ac
Current owner
From public records · entity-resolved
Ocean City Square LLC
Entity
Mailing address
800 MT VERNON HWY NE STE #425, ATLANTA, GA 30328-4226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2005
—
Ocean City Square LLC
—
Deed Of Trust
related
$11,300,000 · Barclays Capital R E INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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