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    Property profile & analytics
    OFF-MARKET Estimated value $630,000
    Strip malls

    1532 Ocean Hwy, Pocomoke City, MD 21851-3023

    10,806 SF 0.81 ac lot Built 2007
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US40-0014730
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Open Arms & Hearts Health Services Medical Clinic
    • Unified health massage center Alternative Medicine Practice Spa & Massage Center
    • Clarissa Trader Registered General Nurse
    • LKC Systems Industrial Manufacturer Production Facility
    • Monumental Life Insurance Co Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $630k
    Owner & transaction history
    Pocomoke City Plaza LLC · 4 yrs held
    Pocomoke City Plaza LLC
    since 2022
    Last sale
    $600,000
    7 recorded transactions
    2022
    $600,000
    2021
    2018
    2018
    $20,000
    2007
    2006
    2006
    $326,500
    Zoning & alternative use
    R-2 · Pocomoke City, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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