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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail space
8660 Ocean Hwy Delmar, MD 21875-2423
Entity Owned
3-yr Hold
Free & Clear
Property ID
US40-0126319
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
STEEL FRAME
Total area
6,300 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CB
APN
11-019781
UPID
US40-0126319
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
-
Carter Rental - The Cat Rental Store Delmar Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$760k
Owner & transaction history
Mount Sinai Properties Delmar LLC · 3 yrs held
Mount Sinai Properties Delmar LLC
since 2022
Last sale
$632,301
7 recorded transactions
Zoning & alternative use
CB · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Central Business District is to create an atmosphere that encourages the preservation and revitalization of the historic Central Business District. Although land will be provided for economic activity, residential use is also encouraged.
Zone name
Central Business
General category
COMMERCIAL
Zone area
3.21 ac
Source
Realmo
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 Delmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delmar 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
$805,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,135,000
Current use
OFFICE BUILDING
$1,085,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$970,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $632k (Aug 15 2022)
Last sale anchor
$632k
Aug 15 2022
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
$121 / 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
$5,237
Tax year 2023
Assessed value
$525,000
Assessed 2023
Previous assessed
$525,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$330,100
Assessed improvement
$194,900
Land market value
$330,100
Improvement market value
$194,900
Total market value
$525,000
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,300 SF
Lot
1.17 ac (50,965 SF)
Zoning code
CB
APN
11-019781
UPID
US40-0126319
Jurisdiction
WICOMICO
Zoning & alternative use
CB · Delmar, MDZoning CB · permitted uses
CB · Delmar, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Central Business District is to create an atmosphere that encourages the preservation and revitalization of the historic Central Business District. Although land will be provided for economic activity, residential use is also encouraged.
Zone name
Central Business
General category
COMMERCIAL
Zone area
3.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$970,000
RETAIL STORES Current
OFFICE BUILDING
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Mount Sinai Properties Delmar LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1330 LYNCHBURG TPKE, SALEM, VA 24153-5416
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$632,301
Mount Sinai Properties Delmar LLC
Jca IV Felton LLC
Special Warranty Deed
—
May 2, 2019
$529,000
Jca IV Felton LLC
Delmarva Parts Source LLC
Grant Deed
—
Jan 10, 2018
—
Salisbury Automotive INC
—
Deed
related
$360,000 · Wilmington Savings Fund Society Fsb
Dec 22, 2016
—
Delmarva Parts Source LLC
—
Deed
related
$367,000 · Wilmington Savings Fund Society Fsb
Oct 1, 2012
—
Salisbury Automotive INC
—
Deed Of Trust
related
$1,960,000 · Fulton Bank
Dec 21, 2006
$653,601
Delmarva Parts Source LLC
Food Express LLC
Grant Deed
$600,614 · Bank Of America
Nov 3, 2006
—
Food Express LLC
Food Express LLC
Quit Claim Deed
related
—
May 9, 2001
—
T & V Dol-gen LLC
Food Express LLC
Grant Deed
related
—
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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