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    Property profile & analytics

    8 Somerset St Ocean City, MD 21842-4132

    • Investment properties
    • 2,376 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US40-2061420
    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

    • Investment properties

    Property Details for 8 Somerset St

    Year built
    1940
    Construction
    FRAME
    Lot size
    0.03 lot acres
    Property size
    2,376 SF
    Zone code
    B-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    10-766117
    APU
    10766117

    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
    -75.0868
    Latitude
    38.3293
    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
    $4,577
    $0.00
    $0.00
    $324,700
    -
    $270,000
    $92,200
    $362,200

    Comparable in this City

    • Value Estimation by Request
      3,196 SF

      2705 Philadelphia Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,196 SF
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    • Value Estimation by Request
      4,670 SF

      300 Atlantic Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,670 SF
      300 Atlantic Ave, Ocean City, MD 21842-4077
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    • Value Estimation by Request
      6,272 SF

      105 Baltimore Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,272 SF
      105 Baltimore Ave, Ocean City, MD 21842-7507
      View Details
    • Value Estimation by Request
      12,140 SF

      12930 Sunset Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,140 SF
      12930 Sunset Ave, Ocean City, MD 21842-9270
      View Details
    • Value Estimation by Request
      2,208 SF

      3408 Coastal Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 2,208 SF
      3408 Coastal Hwy, Ocean City, MD 21842-3333
      View Details
    • Value Estimation
      $300,000
      1,212 SF

      12619 Old Brg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,212 SF
      12619 Old Brg Rd, Ocean City, MD 21842-9227
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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    8 Somerset St
    Ocean City, MD 21842-4132
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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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