Property profile

500 Baltimore Ave Ocean City, MD 21842

OFF-MARKET
Hotels
Property ID
US40-0528315
19,520 SF 0.16 ac lot Built 1991
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1991
Construction BRICK
Total area 19,520 SF
Lot 0.16 ac (7,100 SF)
Zoning code R-3
APN 10-032504
UPID US40-0528315

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm

Location

500 Baltimore Ave Ocean City, MD 21842
Ocean City metro Census 950000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.55M

Owner & transaction history

since 2023
3 recorded transactions
2023
$1.8M
2021
Price N/A
2016
Price N/A

Zoning & alternative use

R-3 · Ocean City, MD
Zoning description

The purpose of this district is to encourage a durable and attractive vacation living environment which includes variety in housing types at relatively high densities, and new development of buildings over five stories i…

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
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