Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    32993 Old Ocean City Rd Parsonsburg, MD 21849

    • Investment properties
    • 6,216 SF
    • 0.88 lot acres
    For Sale
    View listing
    $1,600,000
    Value Estimation
    Location Intelligence
    Property ID
    US40-2231782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Route 346 Emporium, LLC / Thrift Store / Used Furniture Store

    Property Details for 32993 Old Ocean City Rd

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.88 lot acres
    Property size
    6,216 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    04-004817
    APU
    4004817

    Description

    This exceptional commercial property, located at 32993 Old Ocean City Road, Parsonsburg, MD, presents a unique investment opportunity. The 6,216 square foot main building sits on a prominent corner lot at the intersection of Old Ocean City Road and Parsonsburg Road, less than a mile from State Route 50, ensuring high visibility and excellent accessibility. The property encompasses a total of 0.88 acres, comprised of two commercially-zoned parcels (203 and 202, totaling 1.38 acres) featuring ample parking, and two additional residential-zoned parcels (200 and 201, totaling 0.5 acres). The seller is actively pursuing rezoning of the residential parcels for commercial use, significantly enhancing the property's future potential. The existing building and substantial parking area are ideally suited for a variety of retail or service-based businesses. The seller is offering owner financing, making this an attractive proposition for qualified buyers. This property's prime location and versatile zoning potential make it an exceptional investment opportunity for entrepreneurs seeking a high-traffic location. Consider this property for businesses such as a Dollar General, self-storage units, or other commercial ventures.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parsonsburg
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.468
    Latitude
    38.388
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $675
    $0.00
    $0.00
    $67,633
    -
    $46,300
    $24,200
    $70,500

    Comparable in this City

    • Value Estimation by Request
      980 SF

      7184 Parsonsburg Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 980 SF
      7184 Parsonsburg Rd, Parsonsburg, MD 21849-2136
      View Details
    • Value Estimation
      $380,000
      1,728 SF

      7951 Jones Hastings Rd

      STORES & APARTMENTS • 1,728 SF
      7951 Jones Hastings Rd, Parsonsburg, MD 21849-2668
      View Details
    • Value Estimation by Request
      2,792 SF

      33524 Wango Rd

      Commercial real estate • 2,792 SF
      33524 Wango Rd, Parsonsburg, MD 21849
      View Details
    • Value Estimation by Request
      5.00 Acres

      Frst Grv Rd

      VACANT COMMERCIAL LAND • 5.00 Acres
      Frst Grv Rd, Parsonsburg, MD 21849
      View Details
    • Value Estimation by Request
      2,826 SF

      7056 Frst Grv Rd

      WAREHOUSE, STORAGE • 2,826 SF
      7056 Frst Grv Rd, Parsonsburg, MD 21849-2096
      View Details
    • Value Estimation by Request
      1.00 Acre

      33366 Middleton Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      33366 Middleton Rd, Parsonsburg, MD 21849
      View Details

    Similar Nearby for Sale

    • $79,000
      0.75 Acres

      Parsonsburg Cleared Lot with Income

      Versatile 0.75-acre lot with shed, new electric, and income potential.
      32951 Old Ocean City Rd, Parsonsburg, MD 21849
      View Details
    • $560,000

      Parsonsburg Specialty Property For Sale

      Specialty property available for purchase in Parsonsburg, Maryland.
      31655 Morris Leonard Rd, Parsonsburg, MD 21849
      View Details
    • $747,350
      149.47 Acres

      149.47 Acres of Agricultural Land

      149.47 acres of agricultural land in Wicomico County, Maryland.
      Bob Smith Rd, Parsonsburg, MD 21849
      View Details
    • $1,250,000

      Parsonsburg Specialty Property For Sale

      Specialty property available in Parsonsburg, Maryland.
      32383 Longridge Rd, Parsonsburg, MD 21849
      View Details
    • $1,600,000
      6,216 SF

      Prime Parsonsburg Commercial Property

      High-visibility retail space, owner financing available.
      32993 Old Ocean City Rd, Parsonsburg, MD 21849
      View Details
    • $1,600,000

      Commercial Property with High Visibility

      1.88-acre commercial property with excellent access and development potential.
      32993 Old Ocean City Rd, Parsonsburg, MD 21849
      View Details
    Request Owner's contact information
    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.
    32993 Old Ocean City Rd
    Parsonsburg, MD 21849
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.