Brick Mixed-Use
For Sale
$249,900
1309 Market St, Pocomoke City, MD 21851
Former bank and daycare offers adaptable space for office, retail, and professional service uses.
Property Size1,152 SF
Price / SF$216.93
Days on Market48
Property Features for 1309 Market St
General Information
Standard status
Active
Size
1,152 SF
Building Details
Year Built
1977
Construction
brick
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
James Craig Glovier · License #676571
(410) 430-2171
Source:
Southjerseyshorehomesfinder
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:07PM
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 Long & Foster Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1309 Market Street features a solid brick building with ample parking. The space was previously operated as a daycare and was originally constructed as a bank, providing a distinctive existing framework for continued commercial use.
The property can accommodate a range of business applications identified in the available information, including office space, a beauty salon, barber shop, professional services, retail, or medical use. Its Market Street address, convenient access, and visibility support consideration by businesses seeking space for operations or relocation.
The property can accommodate a range of business applications identified in the available information, including office space, a beauty salon, barber shop, professional services, retail, or medical use. Its Market Street address, convenient access, and visibility support consideration by businesses seeking space for operations or relocation.
Key Highlights
- Solid brick commercial building
- Ample on‑site parking
- Originally constructed as a bank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,905
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,100
$238.1K
Cap Rate 7%
$170,071
$170.1K
Cap Rate 9%
$132,278
$132.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$18.4K $15.96/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$17.0K $14.76/SF
− OpEx
−$5.1K −$4.43/SF
NOI
$11.9K $10.33/SF
Area
Worcester County, MD
Vacancy
7.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,100
Cap Rate 7%
$170,071
Cap Rate 9%
$132,278
Alternative Uses
Best Use
Retail
$170.1K
$148.8K – $198.4K
NOI $11,905 @ 7.0% cap · market cap 4.76%
Second Best
Mixed Use
$166.6K
$145.8K – $194.4K
NOI $11,664 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 62%
Home Improvements & Furnishings 18%
Dining 12%
Shops & Services 9%
Walmart
Superstores
49,637 visits/mo
0.5 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,485 visits/mo
0.4 miles
Hardee's
Dining
9,605 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,059 visits/mo
0.3 miles
Aaron's
Home Improvements & Furnishings
1,686 visits/mo
0.4 miles
Demographics for 21851, MD
7,229
Population
3,547
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
103.6 sq mi
ZIP Area
70
Density / Sq Mi
$50,847
Median Household Income
$37,255
Median Earnings
$828
Median Rent
$186,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former bank and daycare offers adaptable space for office, retail, and professional service uses.
Where is this mixed-use property located?
The property is located at 1309 Market St Pocomoke City, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Solid brick commercial building; Ample on‑site parking; Originally constructed as a bank
