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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Community centers
6711 Coastal Hwy 1, Ocean City, MD 21842-2942
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1550512
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2013
Total area
5,117 SF
Lot
1.84 ac (80,150 SF)
Zoning code
LC-1
APN
10-768532
UPID
US40-1550512
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
-
Too-Hot HJBN Home Inspector
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
67th St Town Center LLC · 8 yrs held
67th St Town Center LLC
since 2018
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
$495,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,085,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: 0% · Conversion: Moderate
RESTAURANT
$740,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$555,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$158 / 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
$84,773
Tax year 2023
Assessed value
$6,014,000
Assessed 2023
Previous assessed
$6,014,000
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,300,000
Assessed improvement
$2,714,000
Land market value
$3,300,000
Improvement market value
$2,714,000
Total market value
$6,014,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2013
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
4
Total area
5,117 SF
Lot
1.84 ac (80,150 SF)
Zoning code
LC-1
APN
10-768532
UPID
US40-1550512
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES
Est. value
$555,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Units
4
Lot
1.84 ac
Current owner
From public records · entity-resolved
67th St Town Center LLC
Entity
Mailing address
PO BOX 4075, OCEAN CITY, MD 21843-4075
Ownership since
2018
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
Mar 21, 2018
—
67th St Town Center LLC
—
Deed
related
$350,000 · Bryn Mawr Tr
Feb 20, 2013
—
67th St Town Center LLC
—
Loan Modification
related
$5,034,500 · Susquehanna Bank
—
—
67th St Town Center LLC
—
Deed Of Trust
related
$5,100,000 · Bryn Mawr Trust Co
—
—
67th St Town Center LLC
—
Loan Modification
related
$5,100,000 · Bryn Mawr Trust Co
—
—
67th St Town Center LLC
—
Deed Of Trust
related
$375,733 · Paul W & Patricia D Miller
—
—
67th St Town Center LLC
—
Deed Of Trust
related
$350,000 · Bryn Mawr Tr
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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