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Property profile & analytics
FOR LEASE
Outlet malls
2132 Old Snow Hill Rd, Pocomoke City, MD 21851
Trust Owned
8-yr Hold
Free & Clear
Property ID
US40-1353251
For Lease
1 / 5
$11,260,000
2132 Old Snow Hill Rd, Pocomoke City, MD 21851
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Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
BRICK
Total area
151,642 SF
Lot
17.81 ac (775,804 SF)
Zoning code
B-2
APN
01-033786
UPID
US40-1353251
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
-
Woodforest National Bank Bank Loan Service
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Walmart Business Center Tech Support Center (Bike/Boat/Book/etc) Store
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Walmart Auto Care Centers Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.59M
Blend (final)
Blend
$11.26M
Owner & transaction history
Realty Income Trust 2 · 8 yrs held
Realty Income Trust 2
since 2017
4 recorded transactions
Zoning & alternative use
B-2 · Pocomoke City, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.26M
Range $10.13M – $12.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$74 / SF
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
$259,256
Tax year 2023
Assessed value
$12,415,900
Assessed 2023
Previous assessed
$12,088,700
+2.7% YoY
Effective rate
2.09%
On assessed value
Land market value
$2,671,500
Improvement market value
$10,398,800
Total market value
$13,070,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
151,642 SF
Lot
17.81 ac (775,804 SF)
Zoning code
B-2
APN
01-033786
UPID
US40-1353251
Jurisdiction
WORCESTER
Zoning & alternative use
B-2 · Pocomoke City, MD
Zoning B-2 · permitted uses
B-2 · Pocomoke City, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pocomoke City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
17.81 ac
Current owner
From public records · entity-resolved
Realty Income Trust 2
Trust
Free & Clear · 8 yrs held
Mailing address
2608 SE J ST, BENTONVILLE, AR 72712-3767
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2017
$13,033,467
Realty Income Trust 2
Aw Properties Of Pocomoke LLC
Grant Deed
—
Sep 11, 2017
—
Aw Properties Of Pocomoke LLC
—
Deed
related
$9,500,000 · Firstrust Bk
Aug 1, 1997
$230,000
Calvin B Taylor Banking Co & Ber
Lcw Of Pocomoke LLC
Grant Deed
related
—
—
—
Aw Properties Of Pocomoke LLC
—
Deed Of Trust
related
$9,500,000 · Firstrust Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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