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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Motels
2005 Atlantic Ave, Ocean City, MD 21842-4197
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-0816135
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Construction
BRICK
Total area
5,784 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R-3
APN
10-043697
UPID
US40-0816135
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
-
Eden Roc oceanfront Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$5.09M
Owner & transaction history
Kucuk Bros Investments LLC · 1 yrs held
Kucuk Bros Investments LLC
since 2025
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
R-3 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+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
$4,930,000
ML approach
$4,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,125,000
Current use
COMMERCIAL (GENERAL)
$3,425,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10% · vs last sale $5.25M (May 14 2025)
Last sale anchor
$5.25M
May 14 2025
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
$880 / 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
$29,213
Tax year 2023
Assessed value
$2,072,400
Assessed 2023
Previous assessed
$2,072,400
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,815,000
Assessed improvement
$257,400
Land market value
$1,815,000
Improvement market value
$257,400
Total market value
$2,072,400
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
1987
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
1
Total area
5,784 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R-3
APN
10-043697
UPID
US40-0816135
Jurisdiction
WORCESTER
Zoning & alternative use
R-3 · Ocean City, MD
Zoning R-3 · permitted uses
R-3 · 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
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.4M
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
1987
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Kucuk Bros Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10440 GOLF CRSE RD, OCEAN CITY, MD 21842-9102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$5,251,000
Kucuk Bros Investments LLC
Oc Eden Roc LLC
Deed
—
Apr 25, 2023
$6,750,000
Oc Eden Roc LLC
William L Salvaotre
Deed
$4,400,000 · Bank Of Ocean City
Feb 14, 2019
—
Salvatore,william L Trust
Salvatore,william L
Quit Claim Deed
related
—
Jan 24, 2017
—
William L Salvatore
—
Grant Deed
related
$1,668,000 · Bank Of Ocean Cty
Apr 20, 2010
—
Eden Roc Motel INC
—
Deed Of Trust
related
$1,500,000 · William L Salvatore
—
—
William L Salvatore
—
Deed Of Trust
related
$150,000 · Peninsula Bank
—
—
William L Salvatore
—
Deed Of Trust
related
$110,000 · 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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