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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Motels
12718 Ocean Gtwy, Ocean City, MD 21842-9542
Entity Owned
23-yr Hold
Free & Clear
Property ID
US40-1978425
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2023
Total area
12,720 SF
Lot
6.38 ac (277,913 SF)
Zoning code
C2
APN
10-014999
UPID
US40-1978425
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
-
Comfort Suites Ocean City West Hotel & Motel
-
MainStay Suites Ocean City West Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.51M
Owner & transaction history
K W Ocean City LLC · 23 yrs held
K W Ocean City LLC
since 2003
3 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,670,000
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
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
$61,092
Tax year 2023
Assessed value
$7,946,600
Assessed 2024
Previous assessed
$6,383,700
+24.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,411,000
Assessed improvement
$4,535,600
Land market value
$3,411,000
Improvement market value
$4,535,600
Total market value
$7,946,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2023
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Units
2
Total area
12,720 SF
Lot
6.38 ac (277,913 SF)
Zoning code
C2
APN
10-014999
UPID
US40-1978425
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Ocean City, MD
Zoning C2 · permitted uses
C2 · 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
2023
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
2
Lot
6.38 ac
Current owner
From public records · entity-resolved
K W Ocean City LLC
Entity
Free & Clear · 23 yrs held
Mailing address
222 S DUPONT HWY, DOVER, DE 19901-3797
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
K W Ocean City LLC
—
Deed
related
$8,500,000 · Bank Of Ocean City
Jan 10, 2003
—
K W Ocean City LLC
Widdowson,dirk W
Grant Deed
related
—
—
—
K W Ocean City LLC
—
Deed Of Trust
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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