Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
1518 Market St Pocomoke City, MD 21851-1712
Entity Owned
10-yr Hold
Free & Clear
Property ID
US40-2348711
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
BRICK
Total area
1,708 SF
Lot
0.28 ac (12,240 SF)
Zoning code
B-2
APN
01-029223
UPID
US40-2348711
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
-
Lower Shore Vision Center Physician
-
Frank L. Weidema, OD Physician
-
Frank Linsday Weidema Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Klw Holdings LLC · 10 yrs held
Klw Holdings LLC
since 2016
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,174
Tax year 2023
Assessed value
$104,133
Assessed 2023
Previous assessed
$101,400
+2.7% YoY
Effective rate
2.09%
On assessed value
Land market value
$36,700
Improvement market value
$72,900
Total market value
$109,600
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
1967
Construction
BRICK
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
1,708 SF
Lot
0.28 ac (12,240 SF)
Zoning code
B-2
APN
01-029223
UPID
US40-2348711
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
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Klw Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1518 MARKET ST, POCOMOKE CITY, MD 21851-1712
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2016
—
Klw Holdings LLC
Weidema,frank L & Karen D
Grant Deed
—
Aug 7, 2007
$85,000
Frank L Weidema
Nickol,james R
Grant Deed
$85,000 · James R Nickol
Aug 7, 2007
$170,000
James R Nickol
JR James R Nickol Dr Frank L W
Grant Deed
related
—
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.
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 1518 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
