Property profile

1540 Ocean Hwy Pocomoke City, MD 21851

OFF-MARKET
Motels
Property ID
US40-1971144
8,418 SF 3.86 ac lot Built 1968
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1968
Construction BRICK
Total area 8,418 SF
Lot 3.86 ac (168,142 SF)
Zoning code B-2
APN 01-009427
UPID US40-1971144

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
  • Hotel & Motel
  • Car Rental Facility
  • Hotel & Motel

Location

1540 Ocean Hwy Pocomoke City, MD 21851-3033
Pocomoke City metro Census 951400 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
$1.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M

Owner & transaction history

since 2024
Last sale
$1.8M
4 recorded transactions
2024
$1.8M
2019
Price N/A
2008
$2.5M
1969
Price N/A

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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