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    Property profile & analytics

    5501 Coastal Hwy Ocean City, MD 21842-3144

    • Hotels
    • 44,301 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-2231713
    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

    • Best Western Ocean City Hotel & Suites / Hotel

    Property Details for 5501 Coastal Hwy

    Year built
    2005
    Lot size
    0.83 lot acres
    Property size
    44,301 SF
    Zone code
    LC-1
    Property type
    Hotels
    APN
    10-074371
    APU
    10074371

    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
    -75.0688
    Latitude
    38.3797
    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
    $70,080
    $1,860,000
    $3,111,600
    $4,971,600
    -
    $1,860,000
    $3,111,600
    $4,971,600

    Comparable in this City

    • Value Estimation by Request
      145,813 SF

      1701 Atlantic Ave

      HOTEL • 145,813 SF
      1701 Atlantic Ave, Ocean City, MD 21842-6594
      View Details
    • Value Estimation by Request
      45,923 SF

      213 Atlantic Ave

      HOTEL • 45,923 SF
      213 Atlantic Ave, Ocean City, MD 21842-4161
      View Details
    • Value Estimation by Request
      34,794 SF

      216 Baltimore Ave

      HOTEL • 34,794 SF
      216 Baltimore Ave, Ocean City, MD 21842-4021
      View Details
    • Value Estimation by Request
      249,984 SF

      3200 Baltimore Ave

      HOTEL • 249,984 SF
      3200 Baltimore Ave, Ocean City, MD 21842-3353
      View Details
    • Value Estimation by Request
      24,102 SF

      12410 Coastal Hwy

      HOTEL • 24,102 SF
      12410 Coastal Hwy, Ocean City, MD 21842-4709
      View Details
    • Value Estimation by Request
      99,056 SF

      11201 Coastal Hwy

      HOTEL • 99,056 SF
      11201 Coastal Hwy, Ocean City, MD 21842-7319
      View Details

    Similar Nearby for Sale

    • $2,900,000

      Ocean Lodge Hotel For Sale

      Income-producing property near the Boardwalk and beach in Ocean City.
      801 Philadelphia Ave, Ocean City, MD 21842
      View Details
    • $659,000
      1,152 SF

      Oceanfront Condo with Resort Amenities

      Two-bedroom condo with den, ocean views, and resort amenities.
      9800 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $3,500,000

      Ocean Block Motel For Sale

      25-room motel steps from the beach in Ocean City.
      1705 N Baltimore Ave, Ocean City, MD 21842
      View Details
    • $3,500,000
      11,133 SF

      West Ocean City Resort Opportunity

      Updated resort with restaurant on 1.82 acres for sale.
      12614 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $7,000,000
      1.60 Acres

      Ocean City Mixed-Use Investment

      Prime waterfront restaurant & apartments.
      12817 Harbor Rd, Ocean City, MD 21842
      View Details
    • $299,999
      864 SF

      Upgraded Beach Home with Courtyard

      2-bedroom condo near the beach with indoor/outdoor pools and tennis.
      105 120Th St, Ocean City, MD 21842
      View Details

    Similar Nearby for Lease

    • 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
    • $29 SF/Yr
      12,000 SF

      Medical Office Near Atlantic General

      Proposed medical office building near Atlantic General Hospital in Berlin, MD.
      9620 Oceanview Ln, Ocean City, MD 21842
      View Details
    • $2,990 /Mo
      16,776 SF

      Ocean City Office Space Available

      Office space for lease with flexible floor plan options.
      5700 Coastal Hwy, Ocean City, MD 21842
      View Details
    • $100,000

      Retail Space on Atlantic Avenue

      Retail space available for rent on Atlantic Avenue.
      3 Atlantic Ave, 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
    • $21 SF/Yr

      High-Traffic Retail Spaces Available

      Retail spaces for lease in busy Ocean City location.
      11805 Coastal Hwy, Ocean City, MD 21842
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      2.1k
    • Avg Time on site
      212 min
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    5501 Coastal Hwy
    Ocean City, MD 21842-3144
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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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