Property profile

13804 Coastal Hwy Ocean City, MD 21842

OFF-MARKET
Turn key restaurants
Property ID
US40-0673990
1,530 SF 0.15 ac lot Built 1978
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 1,530 SF
Lot 0.15 ac (6,525 SF)
Zoning code LC-1
APN 10-169658
UPID US40-0673990

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Bakery Discount Store
  • Grocery & Convenience Store Specialty Food Shop
  • Specialty Food Shop Fish Market
  • Restaurant

Location

13804 Coastal Hwy Ocean City, MD 21842-4439
Ocean City metro Census 950300 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2020
Last sale
$850,000
1 recorded transaction
2020
$850,000

Zoning & alternative use

LC-1 · Ocean City, MD
Zoning description

The purpose of this district is to provide primarily for retail shopping, personal service uses, and recreational activities to meet the daily needs of residents and vacationers and to provide sufficient space in appropr…

General category COMMERCIAL

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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