Property profile

9 Baltimore Ave Ocean City, MD 21842

OFF-MARKET
Motels
Property ID
US40-0577554
4,901 SF 0.18 ac lot Built 1964
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1964
Construction BRICK
Total area 4,901 SF
Lot 0.18 ac (7,800 SF)
Zoning code DMX
APN 10-028884
UPID US40-0577554

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

9 Baltimore Ave Ocean City, MD 21842-4016
Ocean City metro Census 950000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M

Owner & transaction history

since 2011
3 recorded transactions
2011
$2.1M
2005
$5.8M
1969
Price N/A

Zoning & alternative use

DMX · Ocean City, MD
Zoning description

The purpose of this district is to create a mixed use, pedestrian-oriented area that encourages development and redevelopment characteristic of the oldest part of Ocean City. The area will allow for commercial and person…

General category MIXED_USE

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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