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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Grocery and convenience stores
9521 Ocean Hwy, Delmar, MD 21875-2341
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-0503888
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Construction
STEEL FRAME
Total area
9,182 SF
Lot
0.98 ac (42,600 SF)
Zoning code
C
APN
11-009670
UPID
US40-0503888
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
-
Hardee's Restaurant Take-out & Catering
-
Red Burrito Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Pooja Property Delmar INC · 2 yrs held
Pooja Property Delmar INC
since 2024
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
C · Delmar, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+68.6%
Medical building
$1.6M
+43.2%
Restaurant
$1.5M
+32.4%
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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,630,000
6.5%
$2,430,000
7%
$2,255,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,885,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$1,600,000
Change: +43% · Conversion: Difficult
RESTAURANT
$1,480,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,435,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$1,345,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Apr 19 2024)
Last sale anchor
$1.90M
Apr 19 2024
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
$207 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,731
Tax year 2024
Assessed value
$910,600
Assessed 2024
Previous assessed
$910,600
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$440,000
Assessed improvement
$470,600
Land market value
$440,000
Improvement market value
$470,600
Total market value
$910,600
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
9,182 SF
Lot
0.98 ac (42,600 SF)
Zoning code
C
APN
11-009670
UPID
US40-0503888
Jurisdiction
WICOMICO
Zoning & alternative use
C · Delmar, MD
Zoning C · permitted uses
C · Delmar, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delmar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Pooja Property Delmar INC
Entity
Mailing address
9521 OCEAN HWY, DELMAR, MD 21875-2341
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
$1,900,000
Pooja Property Delmar INC
Delmar Real Estate Holdings LLC
Deed
related
$2,450,000 · Summit Community Bank INC
Feb 15, 2001
—
Delmar Real Estate Holdings
Glenn,william H & Charles E
Grant Deed
related
$1,200,000 · Delaware National Bank
—
—
Delmar Real Estate Holdings
—
Deed Of Trust
related
$250,000 · Peninsula Oil Co INC
—
—
Delmar Real Estate Holdings Lc
—
Deed Of Trust
related
$240,000 · Delaware National Bank
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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