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    Corner Retail Storefront with Office Title is generated by Realmo AI

    138 & 140 MARKET St, Pocomoke City, MD 21851

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    For Sale
    $349,000

    Ground-floor corner storefront with large windows and flexible interior space for retail, office, or restaurant uses.

    Type:Commercial
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 5:43 am

    Property Features for 138 & 140 MARKET St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1922

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    Listing Contact
    Michael Dunn

    Listing agent Michael Dunn License #317243

    Listing office The Dunn Group of Keller Williams Realty Delmarva

    Listing date Jun 1, 2026

    Source Elliman

    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 The Dunn Group of Keller Williams Realty Delmarva

    HighLights

    • Ground‑floor corner storefront in a downtown commercial district with large storefront windows
    • Year built 1922 commercial building with metal ceiling reported in very good condition
    • Interior described as bright and open with flexible layout for retail, office, or restaurant/café/salon use
    • Second floor may offer potential for residential loft units (buyer to verify)
    • Buyers should verify desired use with the City of Pocomoke and confirm square footage from tax records

    Overview

    This property includes ground-floor retail space with large storefront windows and opportunities for prominent signage. The interior is described as bright and open, and the building features a metal ceiling noted as being in very good condition. The space is presented as accommodating a range of business concepts, including retail, café, salon, and office use.

    The site is located in the heart of a downtown commercial district and is positioned at a corner, which supports storefront visibility. The remarks also indicate the building may have additional possibilities on the second floor for residential loft units, subject to buyer verification and applicable approvals.

    For tenants or owner-users, the combination of a well-located corner storefront, expansive window frontage, and an open interior layout can work for businesses that benefit from street-facing presence and adaptable configurations. Buyers should verify intended use with the City of Pocomoke and confirm square footage figures, which were referenced as coming from tax records.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pocomoke City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.5688062
    Latitude
    38.0752721

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    FAQs

    What type of property is this?
    Retail space - Ground-floor corner storefront with large windows and flexible interior space for retail, office, or restaurant uses.
    Where is this retail space located?
    The property is located at 138 & 140 MARKET St Pocomoke City, MD.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Ground‑floor corner storefront in a downtown commercial district with large storefront windows; Year built 1922 commercial building with metal ceiling reported in very good condition; Interior described as bright and open with flexible layout for retail, office, or restaurant/café/salon use
    (410) 341-3454
    We can help!
    Listing Contact
    Michael Dunn
    Real Estate License ID: 317243
    Learn More
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    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.

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