Property profile

23853 Ocean Gtwy Mardela Springs, MD 21837

OFF-MARKET
Retail space
Property ID
US40-0997470
2,160 SF 1 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction BRICK
Total area 2,160 SF
Lot 1 ac (43,560 SF)
Zoning code ARR
APN 01-013602
UPID US40-0997470

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
  • Specialty Food Shop Farmer's Market

Location

23853 Ocean Gtwy Mardela Springs, MD 21837-2102
Mardela Springs metro Census 10701 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
Last sale
$185,000
1 recorded transaction
2023
$185,000

Zoning & alternative use

ARR · Mardela Springs, 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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