Financial
Distress signals
Property profile

12001 Coastal Hwy Ocean City, MD 21842

OFF-MARKET
Grocery and convenience stores
Property ID
US40-0131097
4,993 SF 1.81 ac lot Built 2000
Last sale Dec 2022 · $7,954,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A standalone pharmacy retail property located at 12001 Coastal Hwy in Ocean City, Maryland. The building has been used as a drug store/pharmacy since 1998 and was most recently operated by CVS Pharmacy under an absolute NNN lease structure, with operating and maintenance responsibilities allocated to the tenant under the lease terms.

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?
$44k
Tax billed · 2023
Assessed value$3.13M
Assessed land$2.09M
Assessed improvement$1.04M
Effective rate1.41%

Value estimate

· Sep 2026
$865k
$779k – $952k
AI approach$625k
CAP approach$1.11M

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?

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

Zoning insight

What can be built here?
LC-1
The purpose of this district is to provide primarily for retail shopping, personal service uses, and recreational activities to meet the ...
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 Office13.4
Hair Salon11.9
Law Firm10.9

Location

12001 Coastal Hwy Ocean City, MD 21842-4720
County assessor Recorded deeds · 5 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11624 Ocean, Ocean City, MD 21842-9863 $6,344,632 Feb 2026 4,070 SF
106 Division, Ocean City, MD 21842-4061 $1,600,000 Mar 2025 2,624 SF
8019 Coastal, Ocean City, MD 21842-2829 $5,980,000 Oct 2022 8,847 SF
511 Atlantic, Ocean City, MD 21842-4167 $3,800,000 Apr 2021 4,316 SF
10005 Golf Crse, Ocean City, MD 21842-9700 $153,500 Jan 2021 7,698 SF
14103 Coastal, Ocean City, MD 21842 $1,260,000 Aug 2020 3,168 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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