Property profile

1618 Ocean Hwy Pocomoke City, MD 21851

OFF-MARKET
Auto shops
Property ID
US40-2204865
3,000 SF 5.39 ac lot Built 1995
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1995
Construction BRICK
Total area 3,000 SF
Lot 5.39 ac (234,788 SF)
Zoning code B-2
APN 01-010336
UPID US40-2204865

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
  • Car Dealership
  • Car Dealership
  • Auto Repair Shop
  • Auto Parts Store
  • Auto Repair Shop

Location

1618 Ocean Hwy Pocomoke City, MD 21851-3034
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M

Owner & transaction history

since 2008
3 recorded transactions
2021
Price N/A
2008
$1.7M
2006
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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