Property profile

9933 Old Ocean City Blvd Berlin, MD 21811

OFF-MARKET
Commercial land
Property ID
US40-2310753
2,112 SF 0.57 ac lot Built 1930
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1930
Total area 2,112 SF
Lot 0.57 ac (24,829 SF)
Zoning code B-2
APN 03-016994
UPID US40-2310753

Cap rate & NOI

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

Location

9933 Old Ocean City Blvd Berlin, MD 21811-1141
Berlin metro Census 951000 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2023
Last sale
$359,000
1 recorded transaction
2023
$359,000

Zoning & alternative use

B-2 · Berlin, MD
Zoning description

The purpose of this zoning district is to provide Hotel and motels, Bed and breakfast, restaurants, antique or gift shops, automobile service stations, tourist home and produce stands.

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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