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    Property profile & analytics

    3201 Philadelphia Ave Ocean City, MD 21842-3572

    • Drive through restaurants
    • 4,092 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-0670312
    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

    • Drive through restaurants

    Property Details for 3201 Philadelphia Ave

    Year built
    2001
    Lot size
    0.83 lot acres
    Property size
    4,092 SF
    Zone code
    LC-1
    Property type
    Drive through restaurants
    APN
    10-051827
    APU
    10051827

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.0739
    Latitude
    38.3611
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN 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
    $36,210
    $1,860,000
    $708,800
    $2,568,800
    -
    $1,860,000
    $708,800
    $2,568,800

    Comparable in this City

    • Value Estimation by Request
      5,388 SF

      12301 Coastal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,388 SF
      12301 Coastal Hwy, Ocean City, MD 21842-4706
      View Details
    • Value Estimation by Request
      1,483 SF

      12702 Ocean Gtwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,483 SF
      12702 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • Value Estimation by Request
      3,004 SF

      13601 Coastal Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,004 SF
      13601 Coastal Hwy, Ocean City, MD 21842-4542
      View Details
    • Value Estimation by Request
      2,738 SF

      12641 Ocean Gtwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,738 SF
      12641 Ocean Gtwy, Ocean City, MD 21842-9558
      View Details
    • Value Estimation by Request
      4,325 SF

      3205 Philadelphia Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,325 SF
      3205 Philadelphia Ave, Ocean City, MD 21842-3572
      View Details
    • Value Estimation by Request
      2,069 SF

      12533 Ocean Gtwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,069 SF
      12533 Ocean Gtwy, Ocean City, MD 21842-9689
      View Details

    Similar Nearby for Sale

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      West Ocean City Resort Opportunity

      Updated resort with restaurant on 1.82 acres for sale.
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    • $465,000

      Iconic Crab Stop Opportunity

      Successful downtown restaurant business for sale, ready to operate.
      1511 Philadelphia Ave, Ocean City, MD 21842
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    • $1,395,000
      2,560 SF

      Furnished Multifamily Investment Opportunity

      Four fully furnished units near Ocean City's nightlife and beach.
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      Ocean City Boardwalk Retail Space

      Prime retail space on the Ocean City Boardwalk for sale.
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    Similar Nearby for Lease

    • $100,000

      Retail Space on Atlantic Avenue

      Retail space available for rent on Atlantic Avenue.
      3 Atlantic Ave, Ocean City, MD 21842
      View Details
    • Contact for pricing
      1,860 SF

      Ocean City Retail Space Available

      Grocery-anchored retail project in Ocean City, available February 2026.
      9507 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $22 SF/Yr
      17,100 SF

      Ocean City Retail Space Available

      Premium retail space in high-traffic Ocean City location.
      8001 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $21 SF/Yr
      2,242 SF

      Prime Retail Space in Ocean

      Retail space available in a busy Ocean City location.
      11801-11805 Coastal Hwy, Ocean City, MD 21842
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Coastal Highway

      In-line retail space available with excellent visibility and signage.
      12827 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $2,000 /Mo

      Retail Space with Prominent Signage

      Retail space located off 611 with great exposure.
      9917 Stephen Decatur Hwy, Ocean City, MD 21842
      View Details

    Property Visit Statistics

    • Visits by month
      15.2k
    • Visitors by month
      11.6k
    • Avg Time on site
      12 min
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    3201 Philadelphia Ave
    Ocean City, MD 21842-3572
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    Realmo Value Estimation

    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.

    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.

    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
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