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

    Old Furnace Rd Snow Hill, MD 21863

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $925,000

    86-acre farm featuring open agricultural land and woodland.

    Lot size:
    86.06 Acres

    Property Features for Old Furnace Rd

    General Information

    Lot size
    86.06 Acres

    We can help!

    Listing Contact
    Benjamin Alder
    Source: Elliman

    Listing Agency: The Land Group Listing Agent: Benjamin Alder

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

    Learn more

    Property Insight Report

    Overview

    86-Acre Farm with Open Land

    This 86.06-acre farm includes 41.55 acres of open agricultural land and 44.51 acres of woodland. Situated off Old Furnace Road, the property is located 4 miles from the town of Snow Hill and the Pocomoke River. The habitat is suitable for deer and turkey. The woodland consists of a mix of pine and hardwoods. The agricultural field is primarily loamy sand with minimal hydric soils and features an irrigation well previously used for vegetable production. The property is not subject to any conservation easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Snow Hill
    County
    Worcester
    State
    Maryland
    Longitude
    -75.4705439
    Latitude
    38.2046798

    Nearby Similar for Sale

    • $339,900
      2,079 SF

      Historic Office Building in Snow Hill

      Historic 2,079 SF building in Snow Hill, Maryland.
      105 Pearl St, Snow Hill, MD 21863
      View Details
    • $365,000

      Renovated Mixed-Use Building, Snow Hill

      Meticulously renovated mixed-use building in downtown Snow Hill, Maryland.
      102 W Green St, Snow Hill, MD 21863
      View Details
    • $883,333
      4,220 SF

      M&T Bank Portfolio Opportunity

      Triple Net Investment Sale opportunity comprised of a 3-property portfolio.
      110 W Market St, Snow Hill, MD 21863
      View Details
    • $300,000

      Downtown Commercial Space in Snow Hill

      2,500 sq ft commercial space in downtown Snow Hill, MD.
      202 Willow St, Snow Hill, MD 21863
      View Details
    • $390,000

      Turn Key Restaurant/Bar Space

      Downtown Snow Hill restaurant/bar with fully-loaded kitchen and liquor license.
      208 W Green St, Snow Hill, MD 21863
      View Details
    • $425,000

      Market Street Specialty Property

      Specialty property available for sale on Market Street.
      203 W Market St, Snow Hill, MD 21863
      View Details
    • $1,000,000

      Bayside Road Specialty Property

      Specialty property available for sale on Bayside Road.
      4310 Bayside Rd, Snow Hill, MD 21863
      View Details
    • $325,000

      Historic Fire House in Snow Hill

      Historic fire house with development potential in downtown Snow Hill.
      212 W Green St, Snow Hill, MD 21863
      View Details
    • $334,900

      Specialty Property for Sale

      Specialty property available for purchase.
      200 Mumford St, Snow Hill, MD 21863
      View Details
    • $400,000

      Snow Hill Specialty Property

      Specialty property available for sale in Snow Hill, Maryland.
      102 N Collins St, Snow Hill, MD 21863
      View Details
    • $35,000
      1,090 SF

      Historic Church Restoration Opportunity

      1090 SF church on .05 acres for restoration.
      00 Saint Lukes Rd, Snow Hill, MD 21863
      View Details
    • $1,299,000
      9,380 SF

      Royal Port Building: Snow Hill Investment

      Historic Retail Building, 6 Units, River Views
      110 Green St, Snow Hill, MD 21863
      View Details

    FAQs

    What type of property is this?
    Farm - 86-acre farm featuring open agricultural land and woodland.
    Where is this farm located?
    The property is located at Old Furnace Rd Snow Hill, MD.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - 41.55 acres of open agricultural land suitable for various uses.; - 86.06 total acres including 44.51 acres of woodland with mixed pine and hardwoods.; - Located just 4 miles from Snow Hill and the Pocomoke River.
    (443) 865-1344
    Request Owner's contact information
    Old Furnace Rd Snow Hill, MD 21863
    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.
    Old Furnace Rd
    Snow Hill, MD 21863
    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
    Old Furnace Rd Snow Hill, MD 21863
    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
    Benjamin Alder
    Real Estate License ID: 574482
    (443) 865-1344 (410) 934-3478
    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!