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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Investment properties
8403 Coastal Hwy Ocean City, MD 21842-2724
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0081009
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1977
Total area
14,089 SF
Lot
0.78 ac (34,027 SF)
Zoning code
LC-1
APN
10-091810
UPID
US40-0081009
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
-
Homeworks Carpet One Floor & Home General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.68M
Owner & transaction history
Big Valley Properties LLC · 8 yrs held
Big Valley Properties LLC
since 2018
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,195,000
7%
$2,040,000
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$190 / 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
$29,499
Tax year 2023
Assessed value
$2,092,700
Assessed 2023
Previous assessed
$2,079,967
+0.6% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,340,200
Assessed improvement
$752,500
Land market value
$1,340,200
Improvement market value
$752,500
Total market value
$2,092,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1977
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
14,089 SF
Lot
0.78 ac (34,027 SF)
Zoning code
LC-1
APN
10-091810
UPID
US40-0081009
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.
Building & site characteristics
From public records
Year built
1977
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Big Valley Properties LLC
Entity
Mailing address
3026 SHEPPERD RD, MONKTON, MD 21111-1302
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
Big Valley Properties LLC
—
Deed
related
$327,672 · Bank Of Del Mar Va
Feb 4, 2019
—
Big Valley Properties LLC
—
Deed
related
$250,000 · Bank Of Del Mar Va
Mar 5, 2018
—
Big Valley Properties LLC
Ropewalk Belair Properties LLC
Quit Claim Deed
related
$2,336,000 · Bank Of Del Mar Va
Sep 21, 2016
$2,500,000
Ropewalk Belair Properties LLC
Hamstead Family LLC
Grant Deed
—
Apr 24, 2001
$1,100,000
Hamstead Family LLC
Delmarva Power & Light Co
Grant Deed
$984,000 · Bank Of America
—
—
Big Valley Properties LLC
—
Deed Of Trust
related
$250,000 · Bank Of Del Mar Va
—
—
Hamstead Family LLC
—
Deed Of Trust
related
$400,000 · Bank Of Delmarva NA
—
—
Big Valley Properties LLC
—
Deed Of Trust
related
$327,672 · Bank Of Del Mar Va
—
—
Big Valley Properties LLC
—
Deed Of Trust
related
$2,336,000 · 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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