New search
Property profile & analytics
OFF-MARKET
Industrial properties
12507 Sunset Ave 14F, Ocean City, MD 21842-9294
Individually Owned
~
Est. High Equity
Property ID
US40-0646044
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1987
Total area
1,000 SF
Zoning code
B2
APN
10-308941
UPID
US40-0646044
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
-
SunSet Business Park Business Service Center Corporate Office
-
T Shirt Factory (Bike/Boat/Book/etc) Store
-
Islamic Community Outreach Mosque
-
Unscene Productions Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Krasner Bruce
Krasner Bruce
since 2026
7 recorded transactions
Zoning & alternative use
B2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$702
Tax year 2023
Assessed value
$73,333
Assessed 2023
Previous assessed
$71,667
+2.3% YoY
Effective rate
0.96%
On assessed value
Land market value
$37,500
Improvement market value
$37,500
Total market value
$75,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1987
Heating
NONE
Units
1
Total area
1,000 SF
Zoning code
B2
APN
10-308941
UPID
US40-0646044
Jurisdiction
WORCESTER
Zoning & alternative use
B2 · Ocean City, MD
Zoning B2 · permitted uses
B2 · 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
1987
Heating
NONE
Units
1
Current owner
From public records · entity-resolved
Krasner Bruce
Individual
Mailing address
9505 HBR LGTS DR, BERLIN, MD 21811-2729
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
$175,000
Krasner Bruce
Lynch Craig
Deed
$140,000 · Bank Of Ocean City
Dec 19, 2018
$80,000
Craig R Lynch
Turtle Warehouse LLC
Grant Deed
$80,000 · Bank Of Ocean Cty
May 19, 2017
—
Oc Turtle N LLC
—
Grant Deed
related
$1,648,000 · Bank Of Ocean Cty
Jun 24, 2005
—
Turtle Warehouse LLC
Pappas,steve S & Dawne A
Grant Deed
related
—
Jul 20, 2001
$51,000
Steve Pappas
Welton,roger V & Melanie E
Grant Deed
$40,800 · Peninsula Bank
—
—
Turtle Warehouse LLC
—
Deed Of Trust
related
$150,000 · Bank Of Ocean City
—
—
Turtle Warehouse LLC
—
Deed Of Trust
related
$300,000 · Bank Of Ocean City
—
—
Turtle Warehouse LLC
—
Deed Of Trust
related
$1,887,000 · Mercantile Peninsula Bank
—
—
Turtle Warehouse LLC
—
Deed Of Trust
related
$498,000 · Pnc Bank
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.
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 12507 Sunset Ave, Unit 14F?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
