Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Rte 13 & Allen Rd Princess Anne, MD 21853

    • Land
    • 65.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Rte 13 & Allen Rd

    Lot size
    65.07 lot acres
    Property type
    Land

    Description

    This exceptional 65.073-acre land parcel presents a significant investment opportunity in Somerset County, Maryland. Strategically located on the corner of US Route 13 and Allen Road, this property boasts an impressive 3,360 feet of frontage along US Route 13, ensuring high visibility and accessibility. The land is zoned AR with a commercial overlay on the corner parcel, offering considerable flexibility for development. The property comprises three separate parcels, providing the option to purchase as a whole or individually, catering to diverse investment strategies. This prime location benefits from newly installed natural gas lines running along the property's frontage, adding significant utility value. The asking price is $325,365, translating to a competitive $5,000 per acre. Located in Princess Anne, MD, zip code 21853, this property offers unparalleled potential for commercial development in a rapidly growing area. Detailed surveys and parcel maps are available upon request. This is a rare opportunity to acquire a substantial land holding with exceptional road frontage in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.6759
    Latitude
    38.2481

    Comparable in this City

    • Value Estimation by Request
      6.55 Acres

      9999 Westfield

      Land • 6.55 Acres
      9999 Westfield, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      6.55 Acres

      Mount Vernon Rd

      Land • 6.55 Acres
      0 Mount Vernon Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request

      Mccormick Swamp Rd

      Land
      0 Mccormick Swamp Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      3.30 Acres

      Somerset Ave

      Land • 3.30 Acres
      0 Somerset Ave, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      0.18 Acres

      Beechwood St

      VACANT COMMERCIAL LAND • 0.18 Acres
      Beechwood St, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request

      Beechwood St

      VACANT COMMERCIAL LAND
      Beechwood St, Princess Anne, MD 21853
      View Details

    Similar Nearby for Sale

    • $299,900
      8.70 Acres

      Vacant Land on Ocean Highway

      8.70+- acre unimproved tract with frontage on RT 13.
      Ocean Hwy, Princess Anne, MD 21853
      View Details
    • $125,000
      2.27 Acres

      Waterfront Land Parcel For Sale

      2.27-acre lot overlooking the Manokin River in Somerset County, MD.
      Clarence Barnes Rd, Princess Anne, MD 21853
      View Details
    • $125,000
      2.50 Acres

      Land Overlooking Manokin River

      2.5+/- acre lot with river views in Somerset County.
      Clarence Barnes Rd, Princess Anne, MD 21853
      View Details
    • $250,000

      Land For Sale

      Land available for sale.
      Whitehaven Ferry Rd, Princess Anne, MD 21853
      View Details
    • $59,900
      3.25 Acres

      Wooded Land Near Wicomico River

      3.25 acre wooded lot near Wicomico River and amenities.
      5 Farms Dr, Princess Anne, MD 21853
      View Details
    • $2,488,500

      Land For Sale

      Land available for sale.
      Follow Ditch Rd, Princess Anne, MD 21853
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Land for Commercial Development

      Land available for industrial, warehouse, or office development.
      11437 Old Princess Anne Rd, Princess Anne, MD 21853
      View Details
    • $795 /Mo

      Downtown Princess Anne Commercial Space

      Commercial space in downtown Princess Anne, MD, ready for build-out.
      30509 Prince William St, Princess Anne, MD 21853
      View Details
    • $13 SF/Yr

      Apartment in Downtown Princess Anne

      Spacious apartment for rent in convenient downtown location.
      11771 Somerset Ave, Princess Anne, MD 21853
      View Details
    • New
      $1,350 /Mo
      27,443 SF

      Divisible Commercial Space in PRINCESS ANNE

      Flexible commercial space suitable for various businesses in PRINCESS ANNE.
      11676 Somerset Ave, Princess Anne, MD 21853
      View Details
    • $2,700 /Mo
      10,992 SF

      Divisible Office Space For Rent

      Flexible office space in professional center, divisible into two units.
      11674-11676 Somerset Ave, Princess Anne, MD 21853
      View Details
    • New
      $1,350 /Mo
      27,443 SF

      Versatile Commercial Space in PRINCESS ANNE

      Divisible commercial space with C-1 zoning, suitable for various businesses.
      11674 Somerset Ave, Princess Anne, MD 21853
      View Details
    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.
    Rte 13 & Allen Rd
    Princess Anne, MD 21853
    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

    Google sign-in failed. Please try again or use another login method.