Property profile

1124 Ocean Hwy Pocomoke City, MD 21851

OFF-MARKET
Commercial land
Property ID
US40-1386592
780 SF 10.17 ac lot Built 1940
Individually Owned 27-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1940
Total area 780 SF
Lot 10.17 ac (443,005 SF)
Zoning code B-2
APN 01-011073
UPID US40-1386592

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
  • Auto Repair Shop

Location

1124 Ocean Hwy Pocomoke City, MD 21851-3029
Pocomoke City metro Census 951400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 1998
1 recorded transaction
1998
$335,000

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 1124 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