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    Historic Mixed-Use Building For Sale Title is generated by Realmo AI

    110 West Green Street, Snow Hill, MD 21863

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    For Sale
    $1,299,000

    Renovated 6-unit building with commercial and residential spaces.

    Type:Retail
    Property size:
    9,380 SF
    Price / SF:
    $138/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 6 at 12:01 am

    Property Features for 110 West Green Street

    General Information

    Standard status
    Active
    Size
    9,380 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Andrew Ball
    Andrew Ball

    Listing agent Andrew Ball License #MD #36569

    Listing office SVN |Miller Commercial Real Estate

    Listing date Nov 21, 2025

    Source Svn

    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 SVN |Miller Commercial Real Estate

    HighLights

    • Meticulously renovated in 2024, blending historic charm with modern updates.
    • Six units (4 commercial, 2 residential) offering diverse income streams.
    • Prime B‑1 zoning allows for versatile retail enterprises.
    • Located in the heart of Snow Hill with views of the Pocomoke River.
    • New roof, HVAC systems, and appliances in residential units.
    • Separately metered units for water and electric.

    Overview

    Located at 110 West Green Street, this historic 9,380 square foot building presents a prime investment opportunity. Constructed in 1900 and renovated into 2024, the property features six units, including four commercial spaces and two residential apartments, with views of the Pocomoke River. The B-1 zoning provides versatile potential for retail enterprises. The building is a short drive from Ocean City beaches and Berlin. The second floor contains two luxury three-bedroom apartments. Two commercial units have been completely renovated, while the other two are under construction. Each unit is separately metered for water and electric. The owner is in the process of converting the building into six condominium units and will provide all relevant information to the new owner. The property includes a new roof, HVAC systems, and appliances in the residential units. All furniture, fixtures, and equipment can remain or be removed.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.08M
    NOI $96,934 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.38M
    NOI $96,934 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.94M
    NOI $96,934 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $149.7k $15.96
    − Vacancy −$11.2k −$1.20
    EGI $138.5k $14.76
    − OpEx −$41.5k −$4.43
    NOI $96.9k $10.33
    9,380 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.38M
    $1.21M – $1.62M (±1% cap)
    NOI $96,934 @ 7.0% cap · market cap 7.46%
    Second Best
    Apartment 5plus
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $88,278 @ 7.0% cap · market cap 6.80%
    Theoretical Best
    Office A
    $2.25M
    $1.97M – $2.63M (±1% cap)
    NOI $157,787 @ 7.0% cap · market cap 12.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Snow Hill
    County
    Worcester
    State
    Maryland
    Longitude
    -75.3941
    Latitude
    38.1777

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    FAQs

    What type of property is this?
    Retail space - Renovated 6-unit building with commercial and residential spaces.
    Where is this retail space located?
    The property is located at 110 West Green Street Snow Hill, MD.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Meticulously renovated in 2024, blending historic charm with modern updates.; Six units (4 commercial, 2 residential) offering diverse income streams.; Prime B‑1 zoning allows for versatile retail enterprises.
    (410) 543-2440
    We can help!
    Listing Contact
    Andrew Ball
    Andrew Ball
    Real Estate License ID: MD #36569
    Learn More
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    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
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