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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Grocery and convenience stores
9636 Stephen Decatur Hwy Ocean City, MD 21842-9366
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-0065098
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1992
Construction
BRICK
Total area
6,128 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C2
APN
10-017289
UPID
US40-0065098
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
-
MARLIN MARKET Grocery & Convenience Store
-
Exxon Gas Station
-
Smoke on the water (Bike/Boat/Book/etc) Store
-
Marlin Market Holdings Llc Grocery & Convenience Store
-
Assateague Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Pooja Properties Md LLC · 8 yrs held
Pooja Properties Md LLC
since 2017
7 recorded transactions
Zoning & alternative use
C2 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,300,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,280,000
Change: 0% · Conversion: Moderate
RESTAURANT
$890,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$855,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$660,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$139 / 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
$11,199
Tax year 2023
Assessed value
$1,170,200
Assessed 2023
Previous assessed
$1,170,200
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$541,000
Assessed improvement
$629,200
Land market value
$541,000
Improvement market value
$629,200
Total market value
$1,170,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1992
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
6,128 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C2
APN
10-017289
UPID
US40-0065098
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Ocean City, MDZoning C2 · permitted uses
C2 · Ocean City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$855,000
RETAIL STORES
Est. value
$660,000
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
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
1992
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Pooja Properties Md LLC
Entity
Mailing address
6658 RICHMOND RD, WARSAW, VA 22572-4275
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
—
Pooja Properties Md LLC
—
Deed
related
$500,000 · Summit Community Bank
Aug 14, 2017
$1,200,000
Pooja Properties Md LLC
Stephen Decatur Hwy LLC
Special Warranty Deed
$1,085,000 · Summit Community Bank
Oct 28, 2016
—
9636 Stephen Decatur Hwy LLC
Nord Michael D|marlin Market Holdings LLC
Trustees Deed
related
—
Dec 31, 2007
—
Marlin Market Holdings LLC
Marlin Market LLC
Quit Claim Deed
related
—
Dec 17, 2004
$1,550,000
Marlin Market LLC
Dypsky,david K & Bonnie G
Grant Deed
$1,320,000 · Farmers Bank Of Willards
—
—
Marlin Market Holdings LLC
—
Deed Of Trust
related
$50,000 · Cecil Bk
—
—
Martin Market Holding LLC
—
Deed Of Trust
related
$1,720,000 · Cecil Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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