Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land on Route 13 Title is generated by Realmo AI

    11229 STEWART NECK Road, Princess Anne, MD 21853

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    LAND - PRINCESS ANNE, MD

    Lot size:
    10.34 Acres
    Added:
    May 12, 2025
    Days on Market:
    373
    Last Refresh:
    May 19 at 10:06 pm

    Property Features for 11229 STEWART NECK Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1902

    We can help!

    Listing Contact
    Bonnie Flinn

    Listing agent Bonnie Flinn License #5004665

    Listing office ERA Martin Associates 1000 E Main Street, Salisbury, MD

    Listing date May 12, 2025

    MLS# MDSO2005908 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 14.83 acres of commercial land with Route 13 frontage and high visibility.
    • Zoned for commercial use (C‑2 Highway Commercial and Commercial).
    • Water and sewer hook‑up available.
    • Currently generating income from rented buildings and a home.
    • Two parcels included (11229 and 11209 Stewart Neck Rd.).
    • Wells and septic systems already on each parcel.

    Overview

    This 14.83-acre commercial property presents an opportunity for investors and builders. The property includes two parcels: 11229 (zoned C-2 Highway Commercial) and 11209 Stewart Neck Rd. (Parcel ID#, zoned Commercial). It features frontage on Route 13 and high visibility, located directly behind the Veterinary Hospital on the corner. Water and sewer hook-up are available. Wells and septic systems are already installed on each parcel. Several rented buildings and a home are currently generating income. The land is partly wooded, offering flexibility for development. The property is sold "as is" and is located on Route 13.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.69573
    Latitude
    38.18929

    Nearby Similar for Sale

    • $572,100

      Timberland Near Deal Island

      197.7 acres of timberland near Deal Island Wildlife Area.
      DEAL ISLAND Road, PRINCESS ANNE, MD 21853
      View Details
    • $45,000

      4.37 Acres Wooded Land

      Wooded 4.37-acre lot in Princess Anne, Maryland.
      ANDERSON Road, PRINCESS ANNE, MD 21853
      View Details
    • $185,000

      Waterfront Lot with Dock

      Spacious waterfront lot with stunning views and deep water.
      12480 MALLARD Lane, PRINCESS ANNE, MD 21853
      View Details
    • $215,000
      1,664 SF

      Princess Anne Turnkey Investment Opportunity

      Two-unit property near UMES college with strong rental income.
      11691 BEECHWOOD Street, PRINCESS ANNE, MD 21853
      View Details
    • $101,250

      Waterfront Land on Saint Peters Creek

      Unique waterfront parcel with extensive shoreline and recreational potential.
      CHAMP Road, PRINCESS ANNE, MD 21853
      View Details
    • $946,000

      439 Acres of Timberland

      439 acres of timberland with road access in Princess Anne.
      W POST OFFICE Road, PRINCESS ANNE, MD 21853
      View Details
    • $580,000

      Turn-Key Business Opportunity For Sale

      Fully equipped business, real estate, and inventory included in sale.
      11466 SOMERSET Ave, Princess Anne, MD 21853
      View Details
    • $269,900
      912 SF

      2.75 Acres Commercial Land

      2.75 acres zoned I-1 with buildings near U.S. Rt. 13.
      30469 HICKORY Rd, Princess Anne, MD 21853
      View Details
    • $816,025

      326 Acres of Farmland

      326.41+/- acres of farmland in Princess Anne, Maryland.
      MT VERNON Road, PRINCESS ANNE, MD 21853
      View Details
    • $124,900

      Land with Shop in Princess Anne

      2.2± acres with shop, suitable for storage or small business.
      26339 Deal Island Road, Princess Anne, MD 21853
      View Details
    • $120,000

      Waterfront Lot in Princess Anne

      4.15 acre building lot on Monie Creek.
      12465 MALLARD Lane, PRINCESS ANNE, MD 21853
      View Details
    • $1,175,000
      14,182 SF

      Princess Anne Multifamily Investment

      17-unit property near University of Maryland campus.
      11761 SOMERSET Ave, Princess Anne, MD 21853
      View Details

    FAQs

    What type of property is this?
    Commercial land - 14.83 acres of commercial land with Route 13 frontage.
    Where is this commercial land located?
    The property is located at 11229 STEWART NECK Road Princess Anne, MD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 14.83 acres of commercial land with **Route 13 frontage and high visibility.**; Zoned for commercial use (C‑2 Highway Commercial and Commercial).; Water and sewer hook‑up available.
    (443) 614-7766
    We can help!
    Listing Contact
    Bonnie Flinn
    Real Estate License ID: 5004665
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11229 STEWART NECK Road, PRINCESS ANNE, MD 21853
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!