8660 OceanDelmar, MD 21875

Off market
$11,721,950 Estimated
  • Retail space
  • 6,300 SF

Property Details for 8660 Ocean

Year built
1999
Construction
STEEL FRAME
Lot size
1.17 AC
Property size (Sq ft)
6,300 SF
Zone code
CB
Property type
Retail space
APN
11-019781
APU
11019781

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,592,248
    6.5%
    $1,469,767
    7%
    $1,364,784
  • Comparable approach

    Method
    Valuation
    Relative Method
    $941,859
    Geo Method
    $998,759
  • Alternative Use

    Use
    Valuation
    Residential
    $1,239,804
    Hospitality
    $1,135,653
    Educational
    $944,850
    Medical
    $977,345
    Retail
    $1,469,767
8660 Ocean, Delmar, Maryland

Location Insight

City
Delmar
County
Wicomico
State
Maryland
Latitude
38.4302
Longitude
-75.5652
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
$5,237
$330,100
$194,900
$525,000
-
$330,100
$194,900
$525,000

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