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    Property profile & analytics

    12703 Sunset Ave, Unit B10 Ocean City, MD 21842-9214

    • Industrial properties
    • 795 SF
    OFF-MARKET
    Value Estimation
    $1,080,000
    Last Sale
    Jun 29, 2022
    $1,000,000
    Location Intelligence
    Property ID
    US40-1989607
    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

    • REEL DEAL SUBS AND SEAFOOD / Restaurant
    • Worcester County Humane Thrift Store / Second Hand Store
    • Canvas Experts Inc / Boat Cover Supplier
    • Turquoise Interior Design Home / Interior Designer
    • K-Coast Warehouse / Warehouse

    Property Details for 12703 Sunset Ave

    Year built
    2005
    Property size
    795 SF
    Property type
    Industrial properties
    APN
    10-716063
    APU
    10716063

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,135,000
      6.5%
      $1,005,000
      7%
      $1,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,130,000
      Geo Method
      $1,035,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,095,000
      Retail
      $910,000
      Mixed-Use
      $890,000
      Hospitality
      $960,000
      Educational
      $1,010,000
      Residential Income
      $1,035,000
      Energy
      $1,100,000
      Income-Based Land
      $910,000
      Food Service
      $860,000

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1119
    Latitude
    38.3289
    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
    $697
    $37,700
    $37,800
    $75,500
    -
    $37,700
    $37,800
    $75,500

    Comparable in this City

    • Value Estimation by Request
      923 SF

      304 Stephen Decatur Hwy

      CONDOMINIUMS (INDUSTRIAL) • 923 SF
      304 Stephen Decatur Hwy, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      919 SF

      3 Sunset Ave

      CONDOMINIUMS (INDUSTRIAL) • 919 SF
      3 Sunset Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      929 SF

      3 Sunset Ave

      CONDOMINIUMS (INDUSTRIAL) • 929 SF
      3 Sunset Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      1,040 SF

      4th Sunset Ave

      CONDOMINIUMS (INDUSTRIAL) • 1,040 SF
      4th Sunset Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      890 SF

      3rd Sunset Ave

      CONDOMINIUMS (INDUSTRIAL) • 890 SF
      3rd Sunset Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      1,188 SF

      3rd Sunset Ave

      CONDOMINIUMS (INDUSTRIAL) • 1,188 SF
      3rd Sunset Ave, Ocean City, MD 21842
      View Details

    Similar Nearby for Sale

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      Warehouse space in West Ocean City with ample parking.
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    Similar Nearby for Lease

    • $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
    • $1,500 /Mo

      In Town North OC Warehouse

      Centrally located warehouse with 16' ceilings and overhead door.
      14202 Sinepuxent Ave, Ocean City, MD 21842
      View Details
    • $1,800 /Mo

      North Ocean City Flex Space

      New industrial flex/contractor shops in North Ocean City, Maryland.
      108 142Nd St, Ocean City, MD 21842
      View Details
    • $100,000

      Retail Space on Atlantic Avenue

      Retail space available for rent on Atlantic Avenue.
      3 Atlantic Ave, Ocean City, MD 21842
      View Details
    • Contact for pricing
      1,860 SF

      Ocean City Retail Space Available

      Grocery-anchored retail project in Ocean City, available February 2026.
      9507 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $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
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    Ocean City, MD 21842-9214
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    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
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