Property profile

507 Atlantic Ave Ocean City, MD 21842

OFF-MARKET
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Property ID
US40-0934500
27,396 SF 0.33 ac Built 1989
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$69k
Tax billed · 2023
Assessed value$4.92M
Effective rate1.41%

Value estimate

· Nov 2026
$9.82M
$8.84M – $10.80M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$540/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$263 – $723

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BC-2
The purpose of this district is to provide for an area of commercial uses whose clientele is almost exclusively pedestrians.
General categoryCOMMERCIAL
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.8
Auto Parts Store9.9
Nail Salon9.0

Location

507 Atlantic Ave Ocean City, MD 21842-4167
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1901 Baltimore, Ocean City, MD 21842-3529 $9,170,000 Nov 2022 18,816 SF
2709 Atlantic, Ocean City, MD 21842 $16,000,000 Oct 2022 27,000 SF
1301 Atlantic, Ocean City, MD 21842-7348 $8,718,318 Apr 2022 38,834 SF
2408 Baltimore, Ocean City, MD 21842-3428 $5,850,000 Apr 2021 34,554 SF
12806 Ocean, Ocean City, MD 21842-9546 $11,710,000 Mar 2020 17,973 SF
12500 Coastal, Ocean City, MD 21842-4711 $3,050,000 Dec 2019 36,179 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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