12502 OceanOcean City, MD 21842

  • Retail properties
  • 4,669 SF
Off market
$23,443,900 Estimated

Property Details for 12502 Ocean

Year built
1999
Construction
BRICK
Lot size
2.34 AC
Property size (Sq ft)
4,669 SF
Zone code
C2
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
10-009243
APU
10009243

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,799,506
    6.5%
    $1,661,082
    7%
    $1,542,434
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,537,330
    Geo Method
    $1,537,330
  • Alternative Use

    Use
    Valuation
    Residential
    $1,401,185
    Hospitality
    $1,283,478
    Educational
    $1,067,839
    Medical
    $1,104,563
    Retail
    $1,661,082
12502 Ocean, Ocean City, Maryland

Location Insight

City
Ocean City
County
Worcester
State
Maryland
Latitude
38.3385
Longitude
-75.1191
CBSA code
41540
CBSA name
SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,478
$1,092,500
$838,300
$1,930,800
-
$1,092,500
$838,300
$1,930,800

Property Visit Statistics

  • Visits by month
    50.1k
  • Visitors by month
    29.1k
  • Avg Time on site
    12 min

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].