Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12385 Ocean Gtwy Ocean City, MD 21842

    • Medical offices
    • 3,864 SF
    • 0.40 lot acres
    For Sale
    View listing
    $2,100,000
    Value Estimation
    Last Sale
    Apr 30, 2025
    $1,784,483
    Location Intelligence
    Property ID
    US40-1737131
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • REGINA T. GELINAS / Nurse Practitioner
    • Your Doc's In / Urgent Care Center / Occupational Medical Physician
    • GUNTA A WHEELER / Emergency Care Physician
    • Walter Gianelle / Emergency Care Physician

    Property Details for 12385 Ocean Gtwy

    Year built
    2015
    Lot size
    0.40 lot acres
    Property size
    3,864 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    10-012716
    APU
    10012716

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,685,000
      6.5%
      $1,585,000
      7%
      $1,805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,555,000
      Geo Method
      $1,680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,675,000
      Retail
      $1,485,000
      Mixed-Use
      $1,510,000
      Hospitality
      $1,760,000
      Educational
      $1,845,000
      Residential Income
      $1,500,000
      Energy
      $1,880,000
      Income-Based Land
      $1,440,000
      Food Service
      $1,530,000

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1248
    Latitude
    38.3399
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,068
    $0.00
    $0.00
    $1,261,000
    -
    $541,800
    $757,100
    $1,298,900

    Comparable in this City

    • Value Estimation by Request
      5,184 SF

      12547 Ocean Gtwy

      MEDICAL BUILDING • 5,184 SF
      12547 Ocean Gtwy, Ocean City, MD 21842-9689
      View Details
    • Value Estimation by Request
      5,833 SF

      1001 Philadelphia Ave

      MEDICAL BUILDING • 5,833 SF
      1001 Philadelphia Ave, Ocean City, MD 21842-3735
      View Details
    • Value Estimation by Request
      2,554 SF

      4 Caroline St

      MEDICAL BUILDING • 2,554 SF
      4 Caroline St, Ocean City, MD 21842-4114
      View Details
    • Value Estimation
      $225,000
      5,578 SF

      12747 Old Brg Rd

      HOMES (RETIRED, NURSING) • 5,578 SF
      12747 Old Brg Rd, Ocean City, MD 21842-9243
      View Details
    • Value Estimation by Request
      3,140 SF

      6500 Coastal Hwy

      OFFICE BUILDING • 3,140 SF
      6500 Coastal Hwy, Ocean City, MD 21842-3000
      View Details
    • Value Estimation by Request
      932 SF

      9808 Stephen Decatur Hwy Ste, Unit 1

      CONDOMINIUM OFFICES • 932 SF
      9808 Stephen Decatur Hwy Ste, Ocean City, MD 21842-9382
      View Details

    Similar Nearby for Sale

    • $2,100,000
      3,864 SF

      West Ocean City Medical/Office Building

      3,864 SF medical/office building on 1.21 acres for sale.
      12385 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $1,149,000

      Downtown Commercial Building with Offices

      Commercial building with offices, conference space, and warehouse.
      201 Philadelphia Ave, Ocean City, MD 21842
      View Details
    • $7,000,000
      1.60 Acres

      Ocean City Mixed-Use Investment

      Prime waterfront restaurant & apartments.
      12817 Harbor Rd, Ocean City, MD 21842
      View Details
    • $299,000

      Updated Villa-Style Condo Near Beach

      Updated 2-bedroom, 2-bathroom condo with resort-style amenities, near the beach.
      105 120Th St, Ocean City, MD 21842
      View Details
    • $299,999
      864 SF

      Upgraded Beach Home with Courtyard

      2-bedroom condo near the beach with indoor/outdoor pools and tennis.
      105 120Th St, Ocean City, MD 21842
      View Details
    • $625,000

      Bayfront Townhouse with Sunset Views

      Spacious 4-bedroom townhouse with bay views, renovation credit offered.
      303 Seabay Ln, Ocean City, MD 21842
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      12,000 SF

      Medical Office Near Atlantic General

      Proposed medical office building near Atlantic General Hospital in Berlin, MD.
      9620 Oceanview Ln, Ocean City, MD 21842
      View Details
    • $2,990 /Mo
      16,776 SF

      Ocean City Office Space Available

      Office space for lease with flexible floor plan options.
      5700 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $1,850 /Mo

      Ocean Block Commercial Office Space

      Commercial office space with sunset views and coastal highway exposure.
      7904 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $575 /Mo

      Private Office Space For Rent

      Individual office spaces available with utilities and internet included.
      9927 Stephen Decatur Hwy, Ocean City, MD 21842
      View Details
    • $2,000 /Mo

      Warehouse/Office Space for Lease

      1,700+-sq.ft warehouse/office space available for lease.
      12636 Sunset Ave, Ocean City, MD 21842
      View Details
    • $2,843 /Mo

      Ocean City Office Space Available

      Two office suites available for rent in Ocean City, MD.
      5000 Coastal Hwy, Ocean City, MD 21842
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12385 Ocean Gtwy
    Ocean City, MD 21842
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.