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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Assisted living facilities
1006 Market St Pocomoke City, MD 21851-1206
Entity Owned
6-yr Hold
Property ID
US40-1349392
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Construction
BRICK
Total area
40,216 SF
Lot
3.97 ac (172,933 SF)
Zoning code
R-3
APN
01-024892
UPID
US40-1349392
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hartley Nursing and Rehab Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Pocomoke City Md Propco LLC · 6 yrs held
Pocomoke City Md Propco LLC
since 2020
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
R-3 · Pocomoke City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Principal permitted uses in the PRD shall be the principal permitted uses in the R-3 Multifamily District. The Planning Commission may recommend and the City Council may approve small retail, business or office uses within the PRD provided such uses are: A. Clearly incidental and secondary to the primary residential use of the property; B. Primarily serve lo…
Zone name
Multi Family Residence
General category
RESIDENTIAL
Zone area
91.27 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pocomoke City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pocomoke City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,370,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,140,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (May 23 2020)
Last sale anchor
$3.00M
May 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$48,533
Tax year 2023
Assessed value
$2,324,267
Assessed 2023
Previous assessed
$2,310,000
+0.6% YoY
Effective rate
2.09%
On assessed value
Land market value
$516,100
Improvement market value
$1,836,700
Total market value
$2,352,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
73
Total area
40,216 SF
Lot
3.97 ac (172,933 SF)
Zoning code
R-3
APN
01-024892
UPID
US40-1349392
Jurisdiction
WORCESTER
Zoning & alternative use
R-3 · Pocomoke City, MDZoning R-3 · permitted uses
R-3 · Pocomoke City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Principal permitted uses in the PRD shall be the principal permitted uses in the R-3 Multifamily District. The Planning Commission may recommend and the City Council may approve small retail, business or office uses within the PRD provided such uses are: A. Clearly incidental and secondary to the primary residential use of the property; B. Primarily serve local residents; C. Located on the ground floor of the building(s) in which the use or uses are proposed; and D. Appropriately integrated into the overall design of the PRD.
Zone name
Multi Family Residence
General category
RESIDENTIAL
Zone area
91.27 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
73
Lot
3.97 ac
Current owner
From public records · entity-resolved
Pocomoke City Md Propco LLC
Entity
Mailing address
440 SYLVAN AVE #204, ENGLEWOOD CLIFFS, NJ 07632-2727
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
—
Pocomoke City Md Propco LLC
—
Deed
related
$161,200,000 · Capital Funding
May 23, 2020
$2,310,000
Pocomoke City Md Propco LLC
Pocomoke Realty LLC
Grant Deed
related
$68,085,000 · Capital Fndg
Dec 6, 2019
$3,000,000
Pocomoke Realty LLC
Hartley Hall Nursing & Rehab Ctr In
Special Warranty Deed
$3,750,000 · Amboy Bank
Apr 26, 2016
—
Hartley Hall Nursing & Rehabil
—
Trustees Deed
related
$100,000 · First Shr Fed'l S&l Assn
—
—
Hartley Hall Nursing Home INC
—
Deed Of Trust
related
$1,683,000 · First Shore Federal S & L Assn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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