Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SAND ROAD lot 1 Snow Hill, MD 21863

    View on Map
    For Sale
    $95,000

    LAND - SNOW HILL, MD

    Lot size:
    2.82 Acres
    Added:
    Jul 17, 2024
    Days on Market:
    624
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for SAND ROAD lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.82 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    553

    We can help!

    Listing Contact
    Benjamin Alder

    Listing agent Benjamin Alder License #574482

    Listing office The Land Group 126 W E Main Street, Salisbury, MD

    Listing date Jul 17, 2024

    MLS# MDWO2022158

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land for Sale, Snow Hill

    This 2.82+/- acre lot is located on Whitesburg Road in Worcester County, Maryland. Designated as Lot 1, it features an approved perc test and is ready for construction. The approved septic area's location is indicated on the survey provided in the documents. This lot is part of a subdivision where three other approved lots are also available. Covenants and restrictions have been recorded and are accessible in the documents section.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Snow Hill
    County
    Worcester
    State
    Maryland
    Longitude
    -75.4964505
    Latitude
    38.1834448

    Nearby Similar for Sale

    • $750,000

      Mixed-Use Commercial Opportunity, Snow Hill

      Portfolio of properties with income potential and redevelopment possibilities.
      204 WASHINGTON ST, SNOW HILL, MD 21863
      View Details
    • $339,900

      Historic Office Building in Snow Hill

      Historic 2,079 SF building in Snow Hill, Maryland.
      105 PEARL Street, SNOW HILL, MD 21863
      View Details
    • $390,000

      Turnkey Restaurant and Bar Space

      Downtown Snow Hill restaurant/bar with fully-loaded kitchen and liquor license.
      208 W GREEN STREET A, SNOW HILL, MD 21863
      View Details
    • $365,000

      Renovated Mixed-Use Building, Snow Hill

      Meticulously renovated mixed-use building in downtown Snow Hill, Maryland.
      102 W GREEN ST, SNOW HILL, MD 21863
      View Details
    • $159,000

      5.98 Acres Building Lot

      5.98 acres building lot near Snow Hill, Maryland.
      RT 12, SNOW HILL, MD 21863
      View Details
    • $1,299,000
      9,380 SF

      Historic Mixed-Use Building For Sale

      Renovated 6-unit building with commercial and residential spaces.
      110 West Green Street, Snow Hill, MD 21863
      View Details
    • $500,000

      Highway Commercial Land for Sale

      Corner lot on Rt. 113, Snow Hill, MD.
      0 Worcester Hwy, Snow Hill, MD
      View Details
    • $110,000

      Cleared Land Near Snow Hill

      2.28 acre perc approved building lot near Snow Hill.
      RT 12, SNOW HILL, MD 21863
      View Details
    • $35,000
      1,090 SF

      Historic Church Restoration Opportunity

      1090 SF church on .05 acres for restoration.
      00 Saint Lukes Road, Snow Hill, MD 21863
      View Details
    • $285,000

      Land in Snow Hill, MD

      14.46 acre land parcel with approved perc tests.
      SCOTTY Road, SNOW HILL, MD 21863
      View Details
    • $399,900

      Prime Hunting Land Near Creek

      81.67 acres of hunting land with building potential.
      MEADOW BRIDGE Road, SNOW HILL, MD 21863
      View Details
    • $150,000

      Land Available in Snow Hill

      12.95+/- acre lot ready to build in Worcester County, MD.
      SAND ROAD lot: 4, SNOW HILL, MD 21863
      View Details

    FAQs

    What type of property is this?
    Land - 2.82+/- acre lot ready to build in Worcester County.
    Where is this land located?
    The property is located at SAND ROAD lot 1 Snow Hill, MD.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: 2. 82+\/- acre lot, perfect for your dream home.; Approved perc test means it's ready to build.; Located on Whitesburg Road in Worcester County, MD.
    (443) 865-1344
    We can help!
    Listing Contact
    Benjamin Alder
    Real Estate License ID: 574482
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!