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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Motels
7100 Coastal Hwy, Ocean City, MD 21842-2930
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US40-1978259
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
BRICK
Total area
14,616 SF
Lot
0.75 ac (32,750 SF)
Zoning code
R-3
APN
10-083516
UPID
US40-1978259
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
-
Surf Inn Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
71st Street LLC · 4 yrs held
71st Street LLC
since 2021
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
R-3 · Ocean City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.7M
+9.6%
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
$7,190,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,895,000
Current use
COMMERCIAL (GENERAL)
$8,655,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $6.50M (Nov 17 2021)
Last sale anchor
$6.50M
Nov 17 2021
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
$391 / 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
$43,387
Tax year 2023
Assessed value
$3,503,600
Assessed 2024
Previous assessed
$3,503,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Land market value
$2,210,000
Improvement market value
$2,144,800
Total market value
$4,354,800
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
BRICK
Heating
HEAT PUMP
Buildings
2
Stories
3
Units
2
Total area
14,616 SF
Lot
0.75 ac (32,750 SF)
Zoning code
R-3
APN
10-083516
UPID
US40-1978259
Jurisdiction
WORCESTER
Zoning & alternative use
R-3 · Ocean City, MD
Zoning R-3 · permitted uses
R-3 · 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
HOTEL/MOTEL Current
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$8.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1973
Construction
BRICK
Heating
HEAT PUMP
Stories
3
Buildings
2
Units
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
71st Street LLC
Entity
Mailing address
801 PHILADELPHIA AVE, OCEAN CITY, MD 21842-3848
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$6,500,000
71st Street LLC
Buas 7100 LLC
Deed
$730,000 · Buckingham Htel Of Oc INC
Nov 15, 2017
$3,784,000
Buas 7100 LLC
7100 Of Ocean City Corp
Grant Deed
—
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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