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

    144 Market St Pocomoke City, MD 21851

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $675,000

    Unique 4,000 SF commercial building in Pocomoke City, Maryland.

    Property size:
    4,000 SF

    Property Features for 144 Market St

    General Information

    Size
    4,000 SF

    Building Details

    Year built
    1922

    We can help!

    Listing Contact
    Meredith Mears
    Meredith Mears
    Source: Svnmiller

    Listing Agency: SVN |Miller Commercial Real Estate Listing Agent: Meredith Mears

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Beaux Arts Commercial Building

    Located in the heart of Pocomoke City, Maryland, 144 Market St. is a 4,000 SF Beaux Arts style commercial building constructed in 1922. The building, which features intricate architectural details, formerly operated as a community bank. The property offers flexible configurations suitable for a range of professional uses. The first and second floors provide up to 3,280 SF of space, complemented by a 720 SF basement. The first floor features natural light and newly installed LVP herringbone flooring, while the second level is accessible by stairs. The property includes 4 bathrooms, 2 fireplaces, and 3 vaults with working combinations, some containing safety deposit boxes. Architectural details include a limestone facade, granite stairs, and quarter-sawn oak attributes. The property is suitable for various business uses, including professional offices, studios, restaurants, or street retail. Street parking is available, along with a private parking lot in the rear. The property is located in an Enterprise Zone. A brand new HVAC system is upcoming, along with an ADA bathroom and exterior entrance with ADA access. Pocomoke City provides convenient access to major highways and a growing downtown business community. The location is a short drive from Pocomoke River State Park, Delmarva Discovery Center & Museum, and Cypress Park. The property is located in a B-1 zoning district, allowing for versatile uses such as professional office, studio, restaurant, and retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pocomoke City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.5686649
    Latitude
    38.0750973

    Nearby Similar for Sale

    • New
      $195,600
      2,620 SF

      Pocomoke City Multifamily Property

      Multifamily property with great rent roll potential in Pocomoke City.
      723 Clarke Ave, Pocomoke City, MD 21851
      View Details
    • $3,915,770

      Pocomoke Crossing Shopping Center

      10.24 AC shopping center in Pocomoke City, Maryland.
      511 Linden Ave, Pocomoke City, MD 21851
      View Details
    • $318,000

      Mixed-Use Warehouse and Retail Space

      Mixed-use warehouse and retail space with Route 13 visibility.
      445 Makemie Rd, Pocomoke City, MD 21851
      View Details
    • $250,000

      Commercial Building on High-Traffic Site

      1.37-acre commercial property with 3,500 sq ft building for sale.
      1042 Ocean Hwy, Pocomoke City, MD 21851
      View Details
    • $679,000

      45.8 Acres Farm with Farmhouse

      45.8+/- acre farm with farmhouse and pole building.
      7751 Dividing Creek Rd West, Pocomoke, MD 21851
      View Details
    • $349,000

      Downtown Commercial District Retail Space

      Ground-floor retail space in a vibrant downtown commercial district.
      138 Market St, Pocomoke City, MD 21851
      View Details
    • $349,000

      Downtown Commercial District Retail Space

      Spacious corner retail space in downtown commercial district.
      138 Market St, Pocomoke City, MD 21851
      View Details
    • $199,999

      Commercial Property on Market Street

      Corner lot property with subdivision potential for multiple businesses.
      1316 Market St, Pocomoke City, MD 21851
      View Details
    • $1,100,000

      Prime Location Near Future Wawa

      2+/- acre retail property near future Wawa.
      13 And Stockton Rd, Pocomoke City, MD 21851
      View Details
    • $425,000

      Pocomoke City Specialty Property

      Specialty property available for purchase in Pocomoke City.
      2745 Stockton Rd, Pocomoke City, MD 21851
      View Details
    • $195,000

      Pocomoke City Specialty Property

      Specialty property available for sale in Pocomoke City.
      5 Clarke Ave, Pocomoke City, MD 21851
      View Details
    • $318,000
      2,400 SF

      Pocomoke City Industrial Property

      2,400 SF Flex/Warehouse, 25 Acres
      445 Makemie Rd, Pocomoke City, MD 21851
      View Details

    FAQs

    What type of property is this?
    Office building - Unique 4,000 SF commercial building in Pocomoke City, Maryland.
    Where is this office building located?
    The property is located at 144 Market St Pocomoke City, MD.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Unique Beaux Arts architectural style (built 1922) with intricate details and timeless charm.; - Versatile B-1 zoning allows for a range of business uses.; - Ample parking: street parking and a sizable private parking lot in the rear.
    (410) 543-2440
    Request Owner's contact information
    144 Market St Pocomoke City, MD 21851
    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.
    144 Market St
    Pocomoke City, MD 21851
    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
    144 Market St Pocomoke City, MD 21851
    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

    We can help!
    Listing Contact
    Meredith Mears
    Meredith Mears
    Real Estate License ID: 672907
    (410) 543-2440 (443) 944-4464
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!