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Property profile & analytics
OFF-MARKET
Estimated value
$12,360,000
Hotels
12806 Ocean Gtwy, Ocean City, MD 21842-9546
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1065781
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Construction
BRICK
Total area
17,973 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C2
APN
10-013658
UPID
US40-1065781
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
-
Surf Shack Pool Bar Hiking Area
-
Caribbean Key Indoor Pool Renovation Specialist General Contractor
-
Francis Scott Key Family Resort Hotel & Motel Resort
-
Poolside Bar Church
-
Francis Scott Key Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.00M
Blend (final)
Blend
$12.36M
Owner & transaction history
Fsk LLC · 6 yrs held
Fsk LLC
since 2020
Last sale
$11.7M
5 recorded transactions
Zoning & alternative use
C2 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.6M
+9.6%
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
$13,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,710,000
Current use
COMMERCIAL (GENERAL)
$10,640,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$12.36M
Range $11.12M – $13.60M · ±10% · vs last sale $11.71M (Mar 11 2020)
Last sale anchor
$11.71M
Mar 11 2020
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
$688 / 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
$70,816
Tax year 2023
Assessed value
$7,399,800
Assessed 2023
Previous assessed
$7,399,800
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$3,699,900
Assessed improvement
$3,699,900
Land market value
$3,699,900
Improvement market value
$3,699,900
Total market value
$7,399,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
9
Stories
2
Units
10
Bathrooms
2
Total area
17,973 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C2
APN
10-013658
UPID
US40-1065781
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1950
Construction
BRICK
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
9
Units
10
Bathrooms
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
Fsk LLC
Entity
Mailing address
12501 COASTAL HWY, OCEAN CITY, MD 21842-4710
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
$11,710,000
Fsk LLC
James R Dickerson
Deed
$13,400,000 · Wilmington Savings Fund Society Fsb
Dec 1, 2009
—
Francis Scott Key Motel LLC
Francis Scott Key Motel
Quit Claim Deed
related
—
—
—
Francis Scott Key Motel LLC
—
Deed Of Trust
related
$590,000 · Calvin B Taylor Banking Co
—
—
Francis Scott Key Motel
—
Deed Of Trust
related
$3,346,000 · Calvin B Taylor Banking Co
—
—
Francis Scott Key Motel LP
—
Deed Of Trust
related
$3,500,000 · Peninsula Bank
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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