8660 OceanDelmar, MD 21875

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 properties

Property subtype

Retail space

APN

11-019781

APU

11019781

• CAP approach

  CAP return

  Valuation

  6%

  $1,592,248

  6.5%

  $1,469,767

  7%

  $1,364,784

• Comparable approach

  Method

  Valuation

  Method 1

  $941,859

  Method 2

  $998,759

• Alternative Use

  Use

  Valuation

  Residential

  $1,239,804

  Hospitality

  $1,135,653

  Educational

  $944,850

  Medical

  $977,345

  Retail

  $1,469,767

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

• Assessed Improved Value
  $194,900
• Assessed land value
  $330,100
• Assessed value
  $525,000
• Tax year
  2023
• Tax bill
  $5,237

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