Financial
Distress signals
Property profile

12638 Ocean Gtwy Ocean City, MD 21842

FOR LEASE
Strip malls
Property ID
US40-1979935
11,100 SF 1.43 ac lot Built 2005
Last sale Dec 2023 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 2,000 sq. ft. of commercial space located within a strip center in Ocean City, Maryland. It is positioned for high vehicular visibility, with the site described as having a daily traffic count exceeding 33,000. The interior layout is configured to support retail, professional services, or office uses and includes two large open areas, an office and/or kitchenette area, and one restroom, along with large storefront windows. The site provides ample on-site

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$18k
Tax billed · 2023
Assessed value$1.85M
Assessed land$1.23M
Assessed improvement$624k
Effective rate0.96%

Value estimate

· Sep 2026
$2.65M
$2.38M – $2.91M
AI approach$2.70M
CAP approach$2.45M
NOI build-up
Gross scheduled income$177k
Vacancy & credit loss−$13k
Operating expenses−$49k
NOI · 409,675.00% cap applied$115k

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?
409,675.00%
$115k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
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 Office9.9
Building Supply10.4
Wholesale Shop9.5

Location

12638 Ocean Gtwy Ocean City, MD 21842
County assessor Recorded deeds · 3 transfers 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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