Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2839 Ocean Gtwy Cambridge, MD 21613-3403

    • Office buildings
    • 1,993 SF
    • 1.09 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2024
    $340,000
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0913985
    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

    • Office buildings

    Property Details for 2839 Ocean Gtwy

    Year built
    1901
    Construction
    WOOD
    Lot size
    1.09 lot acres
    Property size
    1,993 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    07-140134
    APU
    7140134

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $340,000
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $289,000
      Market price range: $127k - $502k
      AI Estimate
      $268,000
      Market price range: $115k - $420k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.0444
    Latitude
    38.5534
    CBSA code
    15700
    CBSA name
    CAMBRIDGE, MD MICROPOLITAN 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
    $4,862
    $0.00
    $0.00
    $263,067
    -
    $193,700
    $76,300
    $270,000

    Comparable in this City

    • Value Estimation by Request
      3,992 SF

      403 Academy St

      OFFICE BUILDING • 3,992 SF
      403 Academy St, Cambridge, MD 21613-1808
      View Details
    • Value Estimation by Request
      3,375 SF

      112 Brohawn Ave

      OFFICE BUILDING • 3,375 SF
      112 Brohawn Ave, Cambridge, MD 21613
      View Details
    • Value Estimation by Request
      2,694 SF

      436 Race St

      OFFICE BUILDING • 2,694 SF
      436 Race St, Cambridge, MD 21613-1836
      View Details
    • Value Estimation
      $260,000
      2,943 SF

      Bucktown Rd

      OFFICE BUILDING • 2,943 SF
      Bucktown Rd, Cambridge, MD 21613
      View Details
    • Value Estimation
      $185,000
      1,148 SF

      405 Dorchester Ave

      OFFICE BUILDING • 1,148 SF
      405 Dorchester Ave, Cambridge, MD 21613-2421
      View Details
    • Value Estimation
      $155,000
      1,440 SF

      3020 Ocean Gtwy

      OFFICE BUILDING • 1,440 SF
      3020 Ocean Gtwy, Cambridge, MD 21613-3405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,436 SF

      Class A Office Building

      Modern office building with ample parking and convenient location.
      204 Cedar St, Cambridge, MD 21613
      View Details
    • $6,500,000
      40,180 SF

      Cambridge Office Building For Sale

      Office building with 40,180 square feet available for sale.
      821 Fieldcrest Rd, Cambridge, MD 21613
      View Details
    • $949,000

      Cambridge Office Complex For Sale

      Four-story office complex in Cambridge's central business district.
      601 Locust St, Cambridge, MD 21613
      View Details
    • $299,900
      960 SF

      Cambridge Office Building - Prime Location

      960 sq ft Office, High Traffic Area, Parking.
      103 Cedar St, Cambridge, MD 21613
      View Details
    • $275,000

      Cambridge Office/Commercial Space Available

      Office or commercial space on a high-traffic road in Cambridge.
      103 Cedar St, Cambridge, MD 21613
      View Details
    • Contact for pricing
      0.31 Acres

      828 Airpax Rd, Cambridge, MD 21613

      Office Properties & Spaces • 0.31 Acres
      828 Airpax Rd, Cambridge, MD 21613
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      61,714 SF

      Historic Landmark Office Space Available

      60,000 SF reimagined industrial space in Cambridge, MD.
      411 Dorchester Ave, Cambridge, MD 21613
      View Details
    • $16 SF/Yr
      13,602 SF

      Cambridge MD Office Space Available

      Spacious offices with amenities included in Cambridge, Maryland.
      828 Airpax Rd, Cambridge, MD 21613
      View Details
    • $1,500 /Mo

      Remodeled Office and Retail Space

      Remodeled storefront with office space, storage, and high-speed internet.
      440 Race St, Cambridge, MD 21613
      View Details
    • $875 /Mo

      Retail/Office Space on Route 50

      Open retail or office space with high visibility location.
      2919 Ocean Gtwy, Cambridge, MD 21613
      View Details
    • $2,200 /Mo

      New Commercial Space, High-Traffic Location

      New commercial property in Cambridge, MD, built in 2025.
      1704 Race St, Cambridge, MD 21613
      View Details
    • $2,500 /Mo

      Professionally Decorated Office For Lease

      Leasable office space featuring private offices, conference room, and kitchen.
      813 Chesapeake Dr, Cambridge, MD 21613
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2839 Ocean Gtwy
    Cambridge, MD 21613-3403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.