Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

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

This modern retail space is located in a strip center in Ocean City, Maryland, with highly visible frontage on a road carrying reported traffic counts of over 33,000 vehicles per day. The unit is laid out as an open interior area with a small office, a storage room, and two restrooms, and includes large storefront windows for customer-facing visibility. The center provides on-site parking for visitors and staff. The space can be subdivided into two smaller units, and the overall property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value · 2024$1.85M
Assessed land$1.23M
Assessed improvement$624k
Effective rate0.96%

Value estimate

· Oct 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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.2
Auto Parts Store13.4
Dental Office11.8

Location

12638 Ocean Gtwy Ocean City, MD 21842
County assessor Recorded deeds · 3 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

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
2800 Philadelphia, Ocean City, MD 21842-3501 $2,020,000 Sep 2021 17,324 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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