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Property profile & analytics
OFF-MARKET
Specialty properties
36115 Bay Frst Dr, Ocean View, DE 19970-8017
Entity Owned
4-yr Hold
Free & Clear
Property ID
US17-0339964
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2010
Construction
WOOD FRAME
Total area
504 SF
Lot
73.69 ac (3,209,936 SF)
Zoning code
MR
APN
134-8.00-15.00
UPID
US17-0339964
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bay Frst Cmnty Assn INC · 4 yrs held
Bay Frst Cmnty Assn INC
since 2021
4 recorded transactions
Zoning & alternative use
MR · Ocean View, DE
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 View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$1,016,500
Assessed 2024
Previous assessed
$1,016,500
+0.0% YoY
Assessed land
$592,250
Assessed improvement
$424,250
Land market value
$30,000
Improvement market value
$848,500
Total market value
$878,500
Applied tax rate
1.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Total area
504 SF
Lot
73.69 ac (3,209,936 SF)
Zoning code
MR
APN
134-8.00-15.00
UPID
US17-0339964
Jurisdiction
SUSSEX
Zoning & alternative use
MR · Ocean View, DE
Zoning MR · permitted uses
MR · Ocean View, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Lot
73.69 ac
Current owner
From public records · entity-resolved
Bay Frst Cmnty Assn INC
Entity
Free & Clear · 4 yrs held
Mailing address
8600 COASTAL HWY #200, OCEAN CITY, MD 21842-7450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
Bay Frst Cmnty Assn INC
Bay Forest LLC
Quit Claim Deed
related
—
Jul 9, 2020
—
Stephen S Carr
—
Deed
related
$452,000 · Nvr Mtg Fin
Jun 17, 2004
$3,200,000
Bay Forest LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Stephen S Carr
—
Deed Of Trust
related
$452,000 · Nvr Mtg Fin
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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