110 W Market St, Snow Hill, MD
Triple Net Investment Sale opportunity comprised of a 3-property portfolio.
- Added:
- Oct 2, 2023
- Days on Market:
- 1000
- Last Refresh:
- May 20 at 9:30 pm
Property Features for 110 W Market St
General Information
- Standard status
- Active
- Size
- 4,220 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Listing office MacKenzie Commercial Real Estate - Corporate (410) 821-8585
Listing date Oct 2, 2023
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 MacKenzie Commercial Real Estate - Corporate
HighLights
- Triple net investment sale opportunity
- Portfolio of 3 properties
- Tenant is M&T Bank Corporation
- M&T Bank is a large, established bank with 1,000+ branches
- M&T Bank operates in 12 states across the Eastern United States
- M&T Bank is ranked on the Fortune 500 list
Overview
Local Financial Insights For Specialty Retail
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 | $84.6k | $20.04 |
| − Vacancy | −$3.8k | −$0.90 |
| EGI | $80.8k | $19.14 |
| − OpEx | −$20.2k | −$4.78 |
| NOI | $60.6k | $14.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Snow Hill
- County
- Worcester
- State
- Maryland
- Longitude
- -75.3941
- Latitude
- 38.1768
