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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Community centers
201 26th St, Ocean City, MD 21842-5403
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US40-1946388
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2021
Total area
5,308 SF
Lot
0.52 ac (22,821 SF)
Zoning code
LC-1
APN
10-768857
UPID
US40-1946388
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
-
Dunkin' Bakery Specialty Food Shop
-
LINKBANK 26th Street Ocean City Client Solutions Center Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
26th St Commercial LLC · 6 yrs held
26th St Commercial LLC
since 2020
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
LC-1 · 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
$1,555,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,170,000
7%
$1,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,550,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,125,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,110,000
Change: 0% · Conversion: Moderate
RESTAURANT
$770,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$740,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $950k (Apr 2 2020)
Last sale anchor
$950k
Apr 2 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
$218 / 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
$32,387
Tax year 2023
Assessed value
$2,297,600
Assessed 2023
Previous assessed
$2,231,100
+3.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,498,700
Assessed improvement
$798,900
Land market value
$1,498,700
Improvement market value
$798,900
Total market value
$2,297,600
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
5,308 SF
Lot
0.52 ac (22,821 SF)
Zoning code
LC-1
APN
10-768857
UPID
US40-1946388
Jurisdiction
WORCESTER
Zoning & alternative use
LC-1 · Ocean City, MD
Zoning LC-1 · permitted uses
LC-1 · 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
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
26th St Commercial LLC
Entity
Mailing address
9919 GOLF CRSE RD, OCEAN CITY, MD 21842-9515
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
$1,100,000
26th St Commercial LLC
26th Street Dev Of Oc LLC
Grant Deed
$912,000 · Bank Of Del Mar Va
Mar 25, 2020
$800,000
26th St Bayside LLC
26th Street Dev Of Oc LLC
Grant Deed
related
$675,000 · Bank Of Del Mar Va
Dec 21, 2018
$950,000
26th Street Dev Of Oc LLC
Ocean Harbor Holdings LLC
Grant Deed
$712,500 · Bank Of Ocean Cty
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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