Property profile

Baltimore Ave Ocean City, MD 21842

OFF-MARKET
Commercial real estate
Property ID
US40-1349523
0.16 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.16 ac (6,996 SF)
Zoning code B-1
APN 10-030439
UPID US40-1349523

Cap rate & NOI

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

Location

Baltimore Ave Ocean City, MD 21842
Ocean City metro Census 950000 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
$28.00M

Owner & transaction history

since 2021
Last sale
$28.0M
6 recorded transactions
2021
$28.0M
2017
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Ocean City, MD
Zoning description

The purpose of this district is to provide for an area of commercial uses whose clientele is almost exclusively pedestrians. Special design criteria and parking requirements are appropriate for this district. Residential…

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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