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

    8314 Whiton Rd Snow Hill, MD 21863

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $749,990

    Updated 4,352sf building on 16 acres near Snow Hill.

    Lot size:
    15.99 Acres

    Property Features for 8314 Whiton Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    15.99 Acres

    Building Details

    Year built
    1944

    We can help!

    Listing Contact
    Richard S. Barr
    Richard S. Barr
    Source: Elliman

    Listing Agency: eXp Realty LLC Listing Agent: Richard S. Barr

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

    Learn more

    Overview

    Updated Building on 16 Acres

    The property features an updated 4,352 square-foot building situated on 16 acres. The building includes an architectural shingle roof, new mini-split HVAC, LVP flooring, large gathering rooms, smaller intimate spaces, and three half-bathrooms. The walk-up second floor offers ample storage. Interior details include exposed beams, vaulted ceilings, barn-style doors, shiplap details, and high-end fixtures. The property also features a spacious parking lot. It is located approximately 7 miles from Route 50, 8 miles from Snow Hill, 13 miles from Historic Downtown Berlin, 19 miles from Downtown Salisbury, 22 miles from Ocean City, and 27 miles from the Delaware Beaches. The sale includes two parcels: Tax ID 06-005217, Map 0061, Parcel 0063, Legal Description 1 ACRES, 8314 WHITON ROAD, WHITON, SNOW HILL, MD 21863 and Tax ID 06-003729, Map 0061, Parcel 0063, Lot 3B, Legal Description 15.99 AC, ES MD 354, MIN SUBDVSN J W SHOCKLEY.
    Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Storage Facility Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Snow Hill
    County
    Worcester
    State
    Maryland
    Longitude
    -75.377068
    Latitude
    38.289113

    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
    • $339,900

      Historic Snow Hill Office Building

      Historic 2,079 SF office building in Snow Hill, Maryland.
      105 Pearl St, 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
    • $475,000

      Solid Concrete Retail Building

      7,456 SF retail building with development potential near waterfront.
      310 N Washington 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
    • $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
    • $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
    • $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
    • $425,000
      Pending

      Market Street Specialty Property

      Specialty property available for sale on Market Street.
      203 W Market 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

    FAQs

    What type of property is this?
    Wedding venue - Updated 4,352sf building on 16 acres near Snow Hill.
    Where is this wedding venue located?
    The property is located at 8314 Whiton Rd Snow Hill, MD.
    What is the asking price?
    The asking price for this property is $749,990.
    What are key features of this property?
    This property features: - 16 Acres of Land with Perc Test; - Updated 4,352 sq ft Building; - Includes 2 Parcels
    (410) 430-5095
    Request Owner's contact information
    8314 Whiton 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.
    8314 Whiton 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
    8314 Whiton 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
    Richard S. Barr
    Richard S. Barr
    Real Estate License ID: 664469
    (410) 430-5095 (443) 978-3330 (888) 860-7369
    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!