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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
1511 Ocean Hwy Pocomoke City, MD 21851-3017
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-2244817
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Total area
3,680 SF
Lot
0.98 ac (42,604 SF)
Zoning code
B-2
APN
01-010328
UPID
US40-2244817
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
-
Your Doc's In Medical Clinic
-
MICHAEL SCOTT BUSH Physician
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Peninsula Health Ventures INC · 1 yrs held
Peninsula Health Ventures INC
since 2025
Last sale
$864,065
7 recorded transactions
Zoning & alternative use
B-2 · Pocomoke City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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-2 General Business District § 230-69 Site plans; applicability. § 230-70 Principal permitted uses. § 230-71 Conditional uses. § 230-72 Acce…
Zone name
General Business
General category
COMMERCIAL
Zone area
512.72 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
$810,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $864k (Apr 30 2025)
Last sale anchor
$864k
Apr 30 2025
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
$230 / 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
$15,224
Tax year 2023
Assessed value
$729,067
Assessed 2023
Previous assessed
$715,700
+1.9% YoY
Effective rate
2.09%
On assessed value
Land market value
$166,500
Improvement market value
$589,300
Total market value
$755,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
3,680 SF
Lot
0.98 ac (42,604 SF)
Zoning code
B-2
APN
01-010328
UPID
US40-2244817
Jurisdiction
WORCESTER
Zoning & alternative use
B-2 · Pocomoke City, MDZoning B-2 · permitted uses
B-2 · Pocomoke City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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-2 General Business District § 230-69 Site plans; applicability. § 230-70 Principal permitted uses. § 230-71 Conditional uses. § 230-72 Accessory uses. § 230-73 Use regulations; prohibited uses. § 230-74 Height regulations
Zone name
General Business
General category
COMMERCIAL
Zone area
512.72 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$740,000
OFFICE BUILDING
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
2011
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Peninsula Health Ventures INC
Entity
Free & Clear · 1 yrs held
Mailing address
2425 N SALISBURY BLVD, SALISBURY, MD 21801-2138
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
$864,065
Peninsula Health Ventures INC
Pocomoke Ydi LLC
Deed
—
Nov 12, 2010
$220,000
Pocomoke Ydi LLC
Edward F Gemmel
Deed
—
Sep 29, 2009
$180,000
Edward F Gemmel
Coates Raymond D JR
Trustees Deed
—
Sep 26, 2006
$375,000
Kenneth L Lankford
Gemmel,edward F
Grant Deed
$345,000 · Edward F Gemmel
May 25, 2006
$260,000
G Investments
Outten,bruce P
Grant Deed
—
Mar 19, 2004
$125,000
Bruce P Outten
Bennett,m Renshaw Est
Grant Deed
—
—
—
Pocomoke Ydi LLC
—
Deed Of Trust
related
$259,000 · Chesapeake Business Fin'l Corp
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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