Property profile

305 Talbot St Ocean City, MD 21842

OFF-MARKET
Motels
Property ID
US40-1027307
9,000 SF 0.23 ac lot Built 1990
Individually Owned 15-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1990
Construction BRICK
Total area 9,000 SF
Lot 0.23 ac (10,000 SF)
Zoning code DM
APN 10-028590
UPID US40-1027307

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

305 Talbot St Ocean City, MD 21842
Ocean City metro Census 950000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$545k
Blend (final) Blend
$750k

Owner & transaction history

since 2011
5 recorded transactions
2018
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DM · Ocean City, MD
Zoning description

The purpose of this district is to provide for and to preserve waterfront land in appropriate locations for commercial docking, waterfront sales and storage and minor repair of small boats. Marinas are to be encouraged.…

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 305 Talbot St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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