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    Property profile & analytics

    208 Baltimore Ave Ocean City, MD 21842-4021

    • Hotels
    • 54,551 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 21, 2021
    $28,000,000
    Location Intelligence
    Property ID
    US40-1326212
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Park Place Hotel / Hotel
    • The Coconut Club / Restaurant / Cocktail Bar

    Property Details for 208 Baltimore Ave

    Year built
    1999
    Construction
    BRICK
    Lot size
    0.33 lot acres
    Property size
    54,551 SF
    Zone code
    B-1
    Property type
    Hotels
    APN
    10-030447
    APU
    10030447

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.084
    Latitude
    38.3338
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $163,099
    $3,630,000
    $7,940,600
    $11,570,600
    -
    $3,630,000
    $7,940,600
    $11,570,600

    Comparable in this City

    • Value Estimation by Request
      53,259 SF

      12708 Ocean Gtwy

      HOTEL • 53,259 SF
      12708 Ocean Gtwy, Ocean City, MD 21842-9542
      View Details
    • Value Estimation by Request
      19,520 SF

      500 Baltimore Ave

      HOTEL • 19,520 SF
      500 Baltimore Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      27,000 SF

      2709 Atlantic Ave

      HOTEL • 27,000 SF
      2709 Atlantic Ave, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      15,540 SF

      1219 Atlantic Ave

      HOTEL • 15,540 SF
      1219 Atlantic Ave, Ocean City, MD 21842-5678
      View Details
    • Value Estimation by Request
      22,000 SF

      12000 Coastal Hwy

      HOTEL • 22,000 SF
      12000 Coastal Hwy, Ocean City, MD 21842-4701
      View Details
    • Value Estimation by Request
      44,301 SF

      5501 Coastal Hwy

      HOTEL • 44,301 SF
      5501 Coastal Hwy, Ocean City, MD 21842-3144
      View Details

    Similar Nearby for Sale

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    • $3,500,000

      Ocean Block Motel For Sale

      25-room motel steps from the beach in Ocean City.
      1705 N Baltimore Ave, Ocean City, MD 21842
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    • $89,500
      0.03 Acres

      Vacant Lot in Waterfront Community

      Vacant lot in Ocean City waterfront community with many amenities.
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      Income-generating, fully renovated multifamily property steps from Ocean City's boardwalk.
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    Similar Nearby for Lease

    • Contact for pricing
      1,860 SF

      Ocean City Retail Space Available

      Grocery-anchored retail project in Ocean City, available February 2026.
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      View Details
    • $29 SF/Yr
      12,000 SF

      Medical Office Near Atlantic General

      Proposed medical office building near Atlantic General Hospital in Berlin, MD.
      9620 Oceanview Ln, Ocean City, MD 21842
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    • $2,990 /Mo
      16,776 SF

      Ocean City Office Space Available

      Office space for lease with flexible floor plan options.
      5700 Coastal Hwy, Ocean City, MD 21842
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    • $100,000

      Retail Space on Atlantic Avenue

      Retail space available for rent on Atlantic Avenue.
      3 Atlantic Ave, Ocean City, MD 21842
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    • $2,000 /Mo

      Retail Space with Prominent Signage

      Retail space located off 611 with great exposure.
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    • $21 SF/Yr

      High-Traffic Retail Spaces Available

      Retail spaces for lease in busy Ocean City location.
      11805 Coastal Hwy, Ocean City, MD 21842
      View Details
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    208 Baltimore Ave
    Ocean City, MD 21842-4021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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