Property profile

12905 Ocean Gtwy4-16446 Ocean City, MD 21842

OFF-MARKET
Retail space
Property ID
US40-1977103
4,535 SF 0.38 ac lot Built 2019
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Total area 4,535 SF
Lot 0.38 ac (16,446 SF)
Zoning code C2
APN 10-429072
UPID US40-1977103

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12905 Ocean Gtwy4-16446 Ocean City, MD 21842-9505
Ocean City metro Census 950400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
$720k
Comparable Approach Comparable
$551k
Blend (final) Blend
$535k

Owner & transaction history

since 2016
5 recorded transactions
2016
$900,000
2011
$700,000
2011
Price N/A
2011
Price N/A
2010
Price N/A

Zoning & alternative use

C2 · Ocean City, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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