Property profile

511 Linden Ave PAD SITE 1 Pocomoke City, MD 21851

FOR LEASE
Strip malls
Property ID
US40-1980122
49,693 SF 10.24 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

Pocomoke Crossing is a neighborhood shopping center encompassing 10.24 acres in the central retail area of Pocomoke City, Maryland, located along U.S. Route 13. The site is positioned on a gateway corner for traffic traveling between Salisbury to the north and the Ocean City area to the northeast, and sits within the Route 13 corridor on Maryland’s Eastern Shore. The property is arranged to support retail tenants and is configured for neighborhood-scale retail use with a mix of national and local tenants, and it has development potential based on planned residential construction in the surrounding area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 49,693 SF
Lot 10.24 ac (446,054 SF)
Zoning code B-2
APN 01-030787
UPID US40-1980122

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 Credit Union
  • Postal Service Courier Service
  • Discount Store

Location

511 Linden Ave, Unit PAD SITE 1 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
$50k

Owner & transaction history

since 2024
Last sale
$42,471
2 recorded transactions
2024
$42,471
2024
$12,768

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?”
More about this property
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