New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Hotels
4301 Coastal Hwy, Ocean City, MD 21842-3241
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US40-0548385
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2012
Total area
78,367 SF
Lot
3.15 ac (137,402 SF)
Zoning code
LC-1
APN
10-066328
UPID
US40-0548385
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
-
Kunus Tiki Bar Bar & Pub
-
Hampton Inn & Suites Ocean City/Bayfront-Convention Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$5.51M
Owner & transaction history
Oceanbay Shopping Center LP · 15 yrs held
Oceanbay Shopping Center LP
since 2010
6 recorded transactions
Zoning & alternative use
LC-1 · 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
$5.51M
Range $4.96M – $6.06M · ±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
$70 / 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
$140,071
Tax year 2023
Assessed value
$9,936,900
Assessed 2023
Previous assessed
$9,936,900
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,738,500
Assessed improvement
$8,198,400
Land market value
$1,738,500
Improvement market value
$8,198,400
Total market value
$9,936,900
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
2012
Heating
HEAT PUMP
Cooling
YES
Stories
5
Units
1
Total area
78,367 SF
Lot
3.15 ac (137,402 SF)
Zoning code
LC-1
APN
10-066328
UPID
US40-0548385
Jurisdiction
WORCESTER
Zoning & alternative use
LC-1 · Ocean City, MD
Zoning LC-1 · permitted uses
LC-1 · 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
2012
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Units
1
Lot
3.15 ac
Current owner
From public records · entity-resolved
Oceanbay Shopping Center LP
Entity
Free & Clear · 15 yrs held
Mailing address
8657 SADDLECREEK DR, BERLIN, MD 21811-3542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
—
Oceanbay Shopping Center LP
—
Deed
related
$6,500,000 · Bank Of Ocean City
Sep 14, 2010
$2,600,000
Oceanbay Shopping Center LP
Boulevard Apartments Co INC
Grant Deed
—
—
—
Oceanbay Shopping Center LP
—
Deed Of Trust
related
$10,000,000 · Shorebank
—
—
Oceanbay Shopping Center LP
—
Deed Of Trust
related
$558,680 · Maryland Energy Administration
—
—
Oceanbay Shopping Center LP
—
Deed Of Trust
related
$10,000,000 · Shorebank
—
—
Richardson R Furman JR.
—
Deed Of Trust
related
$6,000,000 · Farmers Bank Of Willards
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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