Property profile

12708 Ocean Gtwy Ocean City, MD 21842

OFF-MARKET
Hotels
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Property ID
US40-0672507
53,259 SF 2.04 ac Built 2018
Last sale Mar 2016·$1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This hotel property was built in 2019 and contains 83 units, including 24 configured as suites. On-site amenities include an indoor pool, fitness center, business center, and digital key access. The land is included in fee simple ownership and there is no ground rent obligation associated with the property. The property is located at 12708 Ocean Gateway in Ocean City, Maryland, directly across from the Ocean City Outlets and nearby restaurants, with the Ocean City Boardwalk approximately two…

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?
$71k
Tax billed · 2023
Assessed value$7.39M
Effective rate0.96%

Value estimate

· Nov 2026
$14.74M
$13.26M – $16.21M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$540/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$263 – $723

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Supply12.8
Auto Parts Store12.6
Dental Office10.4

Location

12708 Ocean Gtwy Ocean City, MD 21842-9542
County assessor Recorded deeds · 4 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

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2709 Atlantic, Ocean City, MD 21842 $16,000,000 Oct 2022 27,000 SF
1301 Atlantic, Ocean City, MD 21842-7348 $8,718,318 Apr 2022 38,834 SF
208 Baltimore, Ocean City, MD 21842-4021 $28,000,000 Dec 2021 54,551 SF
2408 Baltimore, Ocean City, MD 21842-3428 $5,850,000 Apr 2021 34,554 SF
12500 Coastal, Ocean City, MD 21842-4711 $3,050,000 Dec 2019 36,179 SF
3401 Coastal, Ocean City, MD 21842-3332 $3,756,000 Dec 2018 50,886 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
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Includes: Price & PSF · Cap rate · Location · Zoning

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