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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
9724 Stephen Decatur Hwy 101, Ocean City, MD 21842-9313
Entity Owned
2-yr Hold
Free & Clear
Property ID
US40-0875548
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Construction
BRICK
Total area
8,160 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
10-017564
UPID
US40-0875548
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
-
New Wave Production Facility Textile Manufacturer
-
The Shrimp Boat Restaurant and Seafood Market Restaurant
-
Ocean City Service Oil Co Inc HVAC Service General Contractor
-
Ocean City Supply Parking Lot Rv Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
9724 B Holdings LLC · 2 yrs held
9724 B Holdings LLC
since 2024
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$143 / 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
$4,920
Tax year 2023
Assessed value
$514,100
Assessed 2023
Previous assessed
$514,100
+0.0% YoY
Effective rate
0.96%
On assessed value
Land market value
$378,500
Improvement market value
$152,100
Total market value
$530,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Construction
BRICK
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
8,160 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C2
APN
10-017564
UPID
US40-0875548
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Ocean City, MD
Zoning 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
Ocean City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
9724 B Holdings LLC
Entity
Free & Clear · 2 yrs held
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
9724 B Holdings LLC
Sarah F Todd
Deed
—
Jan 19, 2024
—
9724b Holdings LLC
Tidewater Rentals LLC
Deed
—
Dec 18, 2023
—
9724b Holdings LLC
Pure Lure Real Estate Holdings LLC
Deed
—
Jan 19, 2016
—
Sarah F Todd
Todd,william B & Sarah F
Quit Claim Deed
related
—
—
—
9724 Holdings LLC
—
Deed Of Trust
related
$1,500,000 · William B & Sarah F Todd
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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