Property profile

2132 Old Snow Hill Rd Pocomoke City, MD 21851

FOR LEASE
Outlet malls
Property ID
US40-1353251
151,642 SF 17.81 ac lot Built 1997
Trust Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

East Town Plaza is a retail shopping center located in Pocomoke City, Maryland on Old Snow Hill Road at Ocean Highway (US Highway 13), along a north–south corridor connecting Pocomoke City with Virginia and Salisbury, Maryland. The center is shadow-anchored by a Walmart Supercenter and is positioned for high visibility on US Highway 13, a heavily traveled route north of the center. The shopping center includes tenant space used by retailers and service-related businesses such as Dollar Tree, Cato, Subway, GameStop, and Verizon Wireless. A particular retail unit within the center measures approximately 35 feet by 80 feet, for a total area of about 2,800 square feet, and the tenant use is restricted to exclude internet cafes.

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

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Locksmith (Bike/Boat/Book/etc) Store
  • Tech Support Center (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Auto Repair Shop

Location

2132 Old Snow Hill Rd Pocomoke City, MD 21851
Pocomoke City metro Census 951500 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
$14.59M
Blend (final) Blend
$13.04M

Owner & transaction history

since 2017
4 recorded transactions
2017
$13.0M
2017
Price N/A
1997
$230,000
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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