Property profile

1532 Ocean Hwy Pocomoke City, MD 21851

OFF-MARKET
Strip malls
Property ID
US40-0014730
10,806 SF 0.81 ac lot Built 2007
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1 sq. ft. retail space at 1532 Ocean Highway UNIT 103, Pocomoke City, MD, offers exceptional visibility directly on the northbound Business Rt 13. Built in 2007, this single-tenant property boasts dedicated parking and prominent monument and building signage opportunities. The open floor concept includes a single bathroom, back office space, and storage area. The property is immediately available and zoned R-2. An attractive feature is the option to lease an adjacent 1000 sq. ft. garage storage space for an additional $250 per month. This space sits next to a 2000 sq. ft. office space, presenting a potential for expansion or combination should the need arise. The lot size is 0.81 acres. Common area maintenance (CAM) is approximately $2.00 per square foot. This location provides excellent exposure for a variety of retail businesses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 10,806 SF
Lot 0.81 ac (35,482 SF)
Zoning code R-2
APN 01-010204
UPID US40-0014730

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
  • Medical Clinic
  • Alternative Medicine Practice Spa & Massage Center
  • Registered General Nurse
  • Industrial Manufacturer Production Facility
  • Insurance Agency

Location

1532 Ocean Hwy Pocomoke City, MD 21851-3023
Pocomoke City metro Census 951400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$690k

Owner & transaction history

since 2022
Last sale
$600,000
7 recorded transactions
2022
$600,000
2021
Price N/A
2018
Price N/A
2018
$20,000
2007
Price N/A
2006
Price N/A
2006
$326,500

Zoning & alternative use

R-2 · Pocomoke City, MD
Zoning description

l permitted uses. § 230-34 Conditional uses. § 230-35 Accessory uses. § 230-36 Height regulations. § 230-37 Area, yard and bulk regulations. § 230-38 Parking regulations and facilities; recreational vehicles. Article VI…

General category CIVIC_INSTITUTIONAL

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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