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

    275 Newtowne Blvd Pocomoke City, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two land pads available near Lowe’s with highway visibility.

    Type:LAND
    Lot size:
    1.70 Acres
    Added:
    Apr 1, 2024
    Days on Market:
    754
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 275 Newtowne Blvd

    General Information

    Standard status
    Active
    Lot size
    1.70 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Spencer Ward
    Spencer Ward

    Listing agent Spencer Ward License #669779

    Listing office H&R Retail - Washington, DC

    Listing date Apr 1, 2024

    Source Moodyscre

    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 H&R Retail - Washington, DC

    Overview

    Commercial Land Near Ocean Highway

    Two land pads are available, sized at 1.48 acres and 1.70 acres respectively. The properties are located along the entrance road to Lowe’s, offering visibility from Ocean Highway, also known as Route 13. The average daily traffic count is 15,730.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pocomoke City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.568
    Latitude
    38.0757

    Nearby Similar for Sale

    • $70,000

      Pocomoke City Land Opportunity

      10 acres near Pocomoke River, ideal for development.
      CYPRESS Road, POCOMOKE CITY, MD 21851
      View Details
    • $49,000

      Pocomoke City Ready-to-Build Land

      Private 1.35 acre wooded lot in Wildwoods subdivision.
      WILDWOOD TRAIL (LOT 22), POCOMOKE CITY, MD 21851
      View Details
    • $165,000
      2,620 SF

      Pocomoke City Multifamily Opportunity

      Two-unit property with rental income potential in Pocomoke City.
      723 CLARKE Avenue, POCOMOKE CITY, MD 21851
      View Details
    • $1,650,000

      Pocomoke City Farmland Opportunity

      262.85 acre farm ideal for crop production.
      COLONA Road, POCOMOKE CITY, MD 21851
      View Details
    • $250,000
      3,574 SF

      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
    • $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
    • $45,000

      Vacant Lot in Pocomoke City

      Cleared lot ready for new home construction in Pocomoke City.
      CEDAR Run lot: #45, POCOMOKE CITY, MD 21851
      View Details
    • $1,100,000

      Prime Land Next to Wawa

      2+/- acre commercial land with high traffic and C-2 zoning.
      2723 Stockton Rd, Pocomoke City, MD
      View Details
    • $1,100,000
      2,537 SF

      Prime Location Near Future Wawa

      2+/- acre retail property near future Wawa.
      US Route 13 and Stockton Road, Pocomoke City, MD 21851
      View Details
    • $24,000

      Residential Lot in Pocomoke City

      Prime building lot in Pocomoke City, town water and sewer.
      603 4TH Street, POCOMOKE CITY, MD 21851
      View Details
    • $22,000

      Land For Sale

      Land available for purchase.
      412 Linden Ave, Pocomoke City, MD 21851
      View Details
    • $318,000
      2,400 SF

      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

    FAQs

    What type of property is this?
    Land - Two land pads available near Lowe’s with highway visibility.
    Where is this land located?
    The property is located at 275 Newtowne Blvd Pocomoke City, MD.
    What are key features of this property?
    This property features: Visibility from Ocean Highway, Route 13; Two pads available along Lowe’s entrance road; 15,730 ADT
    (240) 482-3614 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Spencer Ward
    Spencer Ward
    Real Estate License ID: 669779
    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!