Property profile

8782 Ocean Hwy Delmar, MD 21875

OFF-MARKET
Commercial land
Property ID
US40-1675605
2.07 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.07 ac (90,169 SF)
Zoning code CB
APN 11-021034
UPID US40-1675605

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8782 Ocean Hwy Delmar, MD 21875-2664
Delmar metro Census 10703 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2020
$60,030
2010
$1.9M
2006
$180,000
1969
Price N/A

Zoning & alternative use

CB · Delmar, MD
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,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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