Property profile

1011 Ocean Hwy Pocomoke City, MD 21851

OFF-MARKET
Warehouses
Property ID
US40-0211494
8,190 SF 4.23 ac lot Built 1980
Entity Owned 24-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4.23-acre commercial property, located at 1011 Ocean Highway in Pocomoke City, Maryland (zip code 21851), presents a unique investment opportunity. The 18,000-square-foot retail space, built in 1980, sits on a prominent highway frontage lot, offering unparalleled visibility and high traffic counts due to its direct access to Route 13. Currently vacant, this B-2 zoned property boasts significant potential for a variety of commercial uses. The sale includes a substantial amount of existing inventory, featuring classic cars (including Corvettes), unique gas pumps, and highly sought-after and neon signs. Previously operated as a flea market, the property has a history of multiple monthly vendor leases, suggesting strong potential for continued rental income. The seller will provide detailed inventory information to qualified buyers. This is a rare chance to acquire a large, well-located commercial property with significant upside potential. Serious inquiries only.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1980
Construction BRICK
Total area 8,190 SF
Lot 4.23 ac (184,259 SF)
Zoning code B-2
APN 01-010352
UPID US40-0211494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Home Decor Store Department Store

Location

1011 Ocean Hwy Pocomoke City, MD 21851-3052
Pocomoke City metro Census 951500 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2002
2 recorded transactions
2002
$304,500
1969
Price N/A

Zoning & alternative use

B-2 · Pocomoke City, MD
Zoning description

230-63 Conditional uses. § 230-64 Accessory uses. § 230-65 Use regulations; prohibited uses. § 230-66 Area, yard and bulk regulations. § 230-67 Height regulations. § 230-68 Downtown Central Business District. Article X B…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1011 Ocean Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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