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Property profile & analytics
OFF-MARKET
Estimated value
$19,340,000
Hotels
3200 Baltimore Ave, Ocean City, MD 21842-3353
Individually Owned
18-yr Hold
Free & Clear
Property ID
US40-1284520
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
249,984 SF
Lot
2.24 ac (97,359 SF)
Zoning code
R-3
APN
10-051797
UPID
US40-1284520
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
-
32 Palm Restaurant
-
Hilton Ocean City Oceanfront Suites Hotel & Motel
-
Mañana Mode Pool Bar Swimming Pool Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.13M
Blend (final)
Blend
$19.34M
Owner & transaction history
Harrison Inn Stardust Business · 18 yrs held
Harrison Inn Stardust Business
since 2008
7 recorded transactions
Zoning & alternative use
R-3 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$19.34M
Range $17.41M – $21.27M · ±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
$77 / 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
$707,962
Tax year 2023
Assessed value
$50,224,300
Assessed 2023
Previous assessed
$50,224,300
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$17,817,900
Assessed improvement
$32,406,400
Land market value
$17,817,900
Improvement market value
$32,406,400
Total market value
$50,224,300
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
2006
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
13
Units
2
Total area
249,984 SF
Lot
2.24 ac (97,359 SF)
Zoning code
R-3
APN
10-051797
UPID
US40-1284520
Jurisdiction
WORCESTER
Zoning & alternative use
R-3 · Ocean City, MD
Zoning 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
Ocean City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
HOT WATER
Cooling
Yes
Stories
13
Buildings
2
Units
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Harrison Inn Stardust Business
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 160, OCEAN CITY, MD 21843-0160
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Business Harrison I S Trust
—
Deed
related
$54,974,000 · Manufacturers & Traders Tr
Nov 18, 2019
—
Harrison Inn Stardust Bu Trust
—
Grant Deed
related
$2,747,000 · Manufacturers & Traders Tr
May 24, 2016
—
Harrison Inn Stardust Busn Tru Trust
—
Deed
related
$52,200,000 · Manufacturers & Traders Tr
Sep 16, 2009
—
Harrison Qi 54 LLC
—
Deed Of Trust
related
$10,800,000 · Manufacturers Traders & Trust
May 13, 2008
—
Harrison Inn Stardust Business
Harrison Inn Stardust INC
Quit Claim Deed
related
—
—
—
Business Harrison I S Trust
—
Loan Modification
related
$54,974,000 · Manufacturers & Traders Tr
—
—
Harrison Stardust Busn Trust
—
Deed Of Trust
related
$400,000 · Manufacturers Traders & Trust
—
—
Harrison Inn Stardust Busn Tru Trust
—
Deed Of Trust
related
$52,200,000 · Manufacturers & Traders Tr
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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