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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Outlet malls
127 Ocean Hwy, Pocomoke City, MD 21851-3019
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US40-1809073
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2018
Total area
7,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
C2
APN
01-038710
UPID
US40-1809073
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
-
Marlin Market Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$674k
Blend (final)
Blend
$520k
Owner & transaction history
Tarak Y Patel · 8 yrs held
Tarak Y Patel
since 2017
5 recorded transactions
Zoning & alternative use
C2 · Pocomoke City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$74 / 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
$5,532
Tax year 2023
Assessed value
$578,067
Assessed 2023
Previous assessed
$570,200
+1.4% YoY
Effective rate
0.96%
On assessed value
Land market value
$255,000
Improvement market value
$338,800
Total market value
$593,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2018
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
7,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
C2
APN
01-038710
UPID
US40-1809073
Jurisdiction
WORCESTER
Zoning & alternative use
C2 · Pocomoke City, MD
Zoning C2 · permitted uses
C2 · Pocomoke City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pocomoke City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Tarak Y Patel
Individual
Mailing address
249 S WASHINGTON ST, SNOW HILL, MD 21863-1253
Ownership since
2017
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
Aug 30, 2023
—
Tarak Y Patel
—
Deed
related
$500,000 · Calvin B Taylor Banking Co Of Berlin Md
Apr 17, 2018
—
Tarak Y Patel
—
Deed
related
$950,000 · Calvin B Taylor Banking Co Berlin Md
Jul 25, 2017
$225,000
Tarak Y Patel
Tf Blades Construction LLC
Grant Deed
$225,000 · Calvin B Taylor Bkng
Dec 19, 2003
$96,000
T F Blades Construction LLC
Silver Beach Associates LLC
Trustees Deed
—
Dec 3, 1999
$260,000
Silver Beach Associates LLC
Gnm Enterprises INC
Grant Deed
$2,720,000 · Farmers & Merchants Bk East Sh
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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