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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Hotels
3010 Baltimore Ave Ocean City, MD 21842-8547
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1214424
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1977
Construction
BRICK
Total area
15,560 SF
Lot
0.47 ac (20,400 SF)
Zoning code
R-3
APN
10-050111
UPID
US40-1214424
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
-
Flamingo Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.46M
Owner & transaction history
Oc 3000 Baltimore Ave LLC · 7 yrs held
Oc 3000 Baltimore Ave LLC
since 2019
2 recorded transactions
Zoning & alternative use
R-3 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to encourage a durable and attractive vacation living environment which includes variety in housing types at relatively high densities, and new development of buildings over five stories in height subject to special regulations, as well as a number of commercial services.
Zone name
General Residential
General category
COMMERCIAL
Zone area
374.57 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10%
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
$94 / 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
$48,152
Tax year 2023
Assessed value
$3,416,000
Assessed 2023
Previous assessed
$2,940,200
+16.2% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,215,000
Assessed improvement
$2,201,000
Land market value
$1,215,000
Improvement market value
$2,201,000
Total market value
$3,416,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1977
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
5
Units
1
Total area
15,560 SF
Lot
0.47 ac (20,400 SF)
Zoning code
R-3
APN
10-050111
UPID
US40-1214424
Jurisdiction
WORCESTER
Zoning & alternative use
R-3 · Ocean City, MDZoning R-3 · permitted uses
R-3 · Ocean City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to encourage a durable and attractive vacation living environment which includes variety in housing types at relatively high densities, and new development of buildings over five stories in height subject to special regulations, as well as a number of commercial services.
Zone name
General Residential
General category
COMMERCIAL
Zone area
374.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Oc 3000 Baltimore Ave LLC
Entity
Mailing address
PO BOX 4830, MIDDLETOWN, NY 10941-8830
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
$8,500,000
Oc 3000 Baltimore Ave LLC
3000 INC
Trustees Deed
$3,000,000 · Bank Of Ocean Cty
May 6, 2019
$10,775,000
Boardwalk N Division LLC
Birch,lorenda L
Grant Deed
$9,775,000 · 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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