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Property profile & analytics
OFF-MARKET
Commercial real estate
213 Payne Ave Pocomoke City, MD 21851
Trust Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US40-1461758
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
768 SF
Lot
0.5 ac (21,600 SF)
Zoning code
R-2
APN
01-027077
UPID
US40-1461758
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
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
Dhe Trust · 25 yrs held
Dhe Trust
since 2001
1 recorded transaction
Zoning & alternative use
R-2 · Pocomoke City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 R-2 Residence District § 230-39 Applicability. § 230-40 Principal permitted uses. § 230-41 Conditional uses. § 230-42 Accessory uses. § 230-…
Zone name
Residence
General category
CIVIC_INSTITUTIONAL
Zone area
679.88 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
$1,048
Tax year 2023
Assessed value
$50,167
Assessed 2023
Previous assessed
$49,900
+0.5% YoY
Effective rate
2.09%
On assessed value
Land market value
$43,200
Improvement market value
$7,500
Total market value
$50,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
768 SF
Lot
0.5 ac (21,600 SF)
Zoning code
R-2
APN
01-027077
UPID
US40-1461758
Jurisdiction
WORCESTER
Zoning & alternative use
R-2 · Pocomoke City, MDZoning R-2 · permitted uses
R-2 · Pocomoke City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 R-2 Residence District § 230-39 Applicability. § 230-40 Principal permitted uses. § 230-41 Conditional uses. § 230-42 Accessory uses. § 230-43 Height regulations. § 230-44 Area, yard and bulk regulations. § 230-45 Parking r
Zone name
Residence
General category
CIVIC_INSTITUTIONAL
Zone area
679.88 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Dhe Trust
Trust
Mailing address
1601 MARKET ST, POCOMOKE CITY, MD 21851-1713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2001
$89,500
Dhe Trust
Pocomoke Marble & Granite Work
Grant Deed
$89,500 · Pocomoke Marble & Granite Work
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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