Property profile

145 Newtowne Blvd Pocomoke City, MD 21851

OFF-MARKET
Turn key restaurants
Property ID
US40-1213005
4,663 SF 2.02 ac lot Built 2005
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Total area 4,663 SF
Lot 2.02 ac (87,991 SF)
Zoning code B-2
APN 01-042696
UPID US40-1213005

Cap rate & NOI

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

Location

145 Newtowne Blvd Pocomoke City, MD 21851-2700
Pocomoke City metro Census 951500 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$553k
Blend (final) Blend
$735k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2018
$1.5M
2005
$300,000

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
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