Property profile

120 67th St 3 Ocean City, MD 21842

OFF-MARKET
Hotels
Property ID
US40-1977848
57,073 SF 1.27 ac lot Built 2018
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2018
Total area 57,073 SF
Lot 1.27 ac (55,321 SF)
Zoning code BMUD
APN 10-768534
UPID US40-1977848

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
  • (Bike/Boat/Book/etc) Store
  • Hotel & Motel

Location

120 67th St, Unit 3 Ocean City, MD 21842-5209
Ocean City metro Census 950100 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
$16.03M

Owner & transaction history

since 2015
7 recorded transactions
2018
Price N/A
2016
Price N/A
2015
$2.2M
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BMUD · Ocean City, MD
Zoning description

The purpose of this district is to recognize existing large bayside parcels, essentially undeveloped with permanent structures, that are suitable for large scale commercial or mixed use development which offer the opport…

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
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