Property profile

501 Market St Pocomoke City, MD 21851

FOR SALE
Office buildings
Property ID
US40-0090243
1,471 SF 0.4 ac lot Built 1950
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction BRICK
Total area 1,471 SF
Lot 0.4 ac (17,220 SF)
Zoning code B-1
APN 01-023233
UPID US40-0090243

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

501 Market St Pocomoke City, MD 21851
Pocomoke City metro Census 951500 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$645k

Owner & transaction history

since 2022
Last sale
$560,000
5 recorded transactions
2022
$560,000
2005
Price N/A
2005
$54,000
2002
$55,000
2000
$55,000

Zoning & alternative use

B-1 · Pocomoke City, MD
Zoning description

The uses enumerated in this article shall be permitted and the following regulations and the applicable regulations contained in other Articles shall apply in the B-1 Shopping District. § 230-62 Principal permitted uses.…

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?”
More about this property
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