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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Retail properties & Spaces
607 Atlantic Ave, Ocean City, MD 21842-4521
Entity Owned
~
Est. High Equity
Property ID
US40-1263869
Property summary
AI-generated overview
This is a retail property located at 607 Atlantic Avenue in Ocean City, Maryland, 21842.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
COMMERCIAL CONDOMINUIM
Total area
1,035 SF
Lot
0.02 ac (1,035 SF)
APN
10-750903
UPID
US40-1263869
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
-
Oc piercing Tattoo & Piercing Shop
-
Coastal Bistro Restaurant
-
May Talk Ltd Beach Clothing Store Souvenir Store
-
Foam City Apparel & Shoes Clothing Store
-
Oceans Mist Condominium Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.06M
Owner & transaction history
607 Atlantic 105 LLC
607 Atlantic 105 LLC
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
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
$1,015,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.00M (Oct 20 2025)
Last sale anchor
$1.00M
Oct 20 2025
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
$1,019 / 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
$8,132
Tax year 2023
Assessed value
$576,900
Assessed 2023
Previous assessed
$576,900
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$288,400
Assessed improvement
$288,500
Land market value
$288,400
Improvement market value
$288,500
Total market value
$576,900
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
Retail properties & Spaces
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Heating
NONE
Units
1
Total area
1,035 SF
Lot
0.02 ac (1,035 SF)
APN
10-750903
UPID
US40-1263869
Jurisdiction
WORCESTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
607 Atlantic 105 LLC
Entity
Mailing address
8705 HABITAT CT, BERLIN, MD 21811-2699
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$1,115,000
607 Atlantic 105 LLC
Betmar Oc LLC
Deed
$892,000 · Bank Of Ocean City
Oct 20, 2025
$1,000,000
607 Atlantic 105 LLC
Beach View Properties LLC
Deed
$800,000 · Bank Of Ocean City
Apr 18, 2023
$1,000,000
Beach View Properties LLC
Sibony Atlantic LLC
Deed
—
Feb 2, 2021
—
Betmar Oc LLC
Mary E Warfield
Deed
—
Jan 12, 2021
—
A Mary E Warfield
Hoen Mary G Trust
Grant Deed
related
—
Apr 28, 2017
—
Sibony Atlantic LLC
—
Deed
related
$436,000 · Bank Of Del Mar Va
Jul 21, 2016
$336,000
David Dayan
Dayan,emma
Grant Deed
related
$336,000 · Emma Dayan
Aug 16, 2012
$546,750
Sibony Atlantic LLC
Bbt Properties LLC
Grant Deed
$500,000 · Bbt Properties LLC
Oct 10, 2006
$100,000
Bbt Properties LLC
Oceans Mist LLC
Grant Deed
—
—
—
Sibony Atlantic LLC
—
Deed Of Trust
related
$436,000 · Bank Of Del Mar Va
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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