Property profile

2403 Baltimore Ave Ocean City, MD 21842

OFF-MARKET
Motels
Property ID
US40-0726284
9,996 SF 0.48 ac lot Built 1970
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1970
Construction BRICK
Total area 9,996 SF
Lot 0.48 ac (21,000 SF)
Zoning code LC-1
APN 10-044804
UPID US40-0726284

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
  • Hotel & Motel

Location

2403 Baltimore Ave Ocean City, MD 21842-3427
Ocean City metro Census 950000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$596k
Blend (final) Blend
$840k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2004
$2.6M
1969
Price N/A

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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