Historic Bank Office
105 Pearl St Snow Hill, MD 21863
For Sale
$325,000
Versatile office space with reception, conference rooms, multiple offices, two original vaults, and bathrooms on each level.
Property Size2,079 SF
Price / SF$156.33
Days on Market33
Property Features for 105 Pearl St
General Information
- Standard status
- Active
- Size
- 2,079 SF
Listing Agency:
Long & Foster Real Estate, Inc.
(757) 710-3771
Listed By:
John McGoldrick
(757) 710-3771
Source:
Exprealty
Added: Jun 23
Changed: Jul 22
Last Checked: Jul 24 at 6:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Originally constructed in 1897 as the Commercial National Bank, this historic commercial building offers approximately 2,079 square feet of versatile office and professional space. The interior layout includes an impressive reception area, a private first-floor office, first- and second-level conference rooms, and two additional second-floor offices. Two original bank vaults remain intact, and the property features original stained-glass windows and a slate roof.
The building is positioned just steps from the Worcester County Courthouse and nearby county offices, with access to restaurants, shopping, and downtown amenities. Each level includes its own bathroom for convenience.
Overall, the property is presented in excellent condition for immediate occupancy, supporting professional uses that benefit from both public-facing and meeting-oriented space.
The building is positioned just steps from the Worcester County Courthouse and nearby county offices, with access to restaurants, shopping, and downtown amenities. Each level includes its own bathroom for convenience.
Overall, the property is presented in excellent condition for immediate occupancy, supporting professional uses that benefit from both public-facing and meeting-oriented space.
Key Highlights
- Historic commercial building originally constructed in 1897 as the Commercial National Bank
- 2,079 SF of versatile office and professional space with reception, private first‑floor office, and multiple offices
- Includes first- and second‑level conference rooms plus two original bank vaults that remain intact
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $22.20 |
| − Vacancy | −$7.4k | −$3.55 |
| EGI | $38.8k | $18.65 |
| − OpEx | −$9.7k | −$4.66 |
| NOI | $29.1k | $13.99 |
2,079 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$415.4K
$363.5K – $484.6K
NOI $29,077 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.6K
$437.2K – $582.9K
NOI $34,972 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wilkinson & Tobiassen Accounting
Consultant
FAQs
What type of property is this?
Office building - Versatile office space with reception, conference rooms, multiple offices, two original vaults, and bathrooms on each level.
Where is this office building located?
The property is located at 105 Pearl St Snow Hill, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Historic commercial building originally constructed in 1897 as the Commercial National Bank; 2,079 SF of versatile office and professional space with reception, private first‑floor office, and multiple offices; Includes first- and second‑level conference rooms plus two original bank vaults that remain intact
