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Property profile & analytics
OFF-MARKET
Office buildings
7802 Coastal Hwy, Ocean City, MD 21842-2827
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US40-1458387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
1,488 SF
Lot
0.12 ac (5,270 SF)
Zoning code
R-3
APN
10-087651
UPID
US40-1458387
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
-
Mitchell G. David- Realtor Real Estate Agency
-
Timothy Dozier, Sheppard Realty Inc Real Estate Agency
-
Melissa Berotti, REALTOR ® Real Estate Agency
-
Sheppard Realty Real Estate Agency
-
Leslie Smith, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sheppard & Sons LLC · 7 yrs held
Sheppard & Sons LLC
since 2019
5 recorded transactions
Zoning & alternative use
R-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,568
Tax year 2023
Assessed value
$395,000
Assessed 2023
Previous assessed
$395,000
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$351,100
Assessed improvement
$43,900
Land market value
$351,100
Improvement market value
$43,900
Total market value
$395,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,488 SF
Lot
0.12 ac (5,270 SF)
Zoning code
R-3
APN
10-087651
UPID
US40-1458387
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.
Building & site characteristics
From public records
Year built
1965
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Sheppard & Sons LLC
Entity
Mailing address
19 N MAIN ST, BERLIN, MD 21811-1025
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2019
$315,000
Sheppard & Sons LLC
Foley Scott W|herbst,david H
Trustees Deed
related
$300,000 · Daniel R Sheppard
Mar 27, 2017
—
David H Herbst
—
Deed
related
$265,000 · The Bank Of Hampton Roads
Dec 13, 2016
—
David H Herbst
David H Herbst
Intrafamily Transfer
related
$245,000 · Finance Of America Mortgage LLC
—
—
David H Herbst
—
Deed Of Trust
related
$250,000 · Bank Of Ocean City
—
—
David H Herbst
—
Deed Of Trust
related
$125,000 · Atlantic Bank
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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