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Property profile & analytics
FOR LEASE
Super regional malls
12720 Ocean Gtwy 4 Ocean City, MD 21842
Entity Owned
13-yr Hold
Free & Clear
Property ID
US40-0817451
For Lease
1 / 19
$26 SF/Yr
12720 Ocean Gtwy,Unit 4, Ocean City, MD 21842
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2017
Construction
BRICK
Total area
20,468 SF
Lot
3.86 ac (168,142 SF)
Zoning code
C2
APN
10-017203
UPID
US40-0817451
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
-
Tequila Mockingbird Restaurant
-
Park Place Jewelers (Bike/Boat/Book/etc) Store
-
Dolle's Candyland West Ocean City Specialty Food Shop Candy Store
-
Park Place Plaza Shopping Center & Mall
-
Dolle's Candyland, West OC Shop and Factory Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
Tsjf LLC · 13 yrs held
Tsjf LLC
since 2013
6 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,345,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,280,000
Change: 0% · Conversion: Moderate
RESTAURANT
$2,965,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,855,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,210,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$131 / 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
$50,661
Tax year 2023
Assessed value
$5,293,700
Assessed 2023
Previous assessed
$5,293,700
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,806,400
Assessed improvement
$3,487,300
Land market value
$1,806,400
Improvement market value
$3,487,300
Total market value
$5,293,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2017
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
20,468 SF
Lot
3.86 ac (168,142 SF)
Zoning code
C2
APN
10-017203
UPID
US40-0817451
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Ocean City, MDZoning 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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
Tsjf LLC
Entity
Free & Clear · 13 yrs held
Mailing address
12720 OCEAN GTWY STE #8, OCEAN CITY, MD 21842-9836
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2016
—
Tjsf LLC
—
Deed
related
$400,000 · Bank Of Del Mar Va
Aug 9, 2016
—
Tjsf LLC
—
Deed
related
$4,800,000 · Bank Of Del Mar Va
May 29, 2013
$1,184,500
Tsjf LLC
Trimpers Playland INC
Deed
—
Sep 21, 1998
$690,000
Trimpers Playland INC Co
Smith,billy G & Mary F
Grant Deed
related
—
—
—
Tjsf LLC
—
Deed Of Trust
related
$400,000 · Bank Of Del Mar Va
—
—
Tjsf LLC
—
Deed Of Trust
related
$4,800,000 · Bank Of Del Mar Va
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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