Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mccormick Swamp Rd Princess Anne, MD 21853
    Back to Search
    Property profile & analytics

    Mccormick Swamp Rd Princess Anne, MD 21853

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mccormick Swamp Rd

    Property type
    Land

    Description

    This exceptional 14.37-acre commercial land parcel presents a prime development opportunity in Princess Anne, Maryland. Strategically located adjacent to the commercially-zoned Industrial Park on Park Drive, this property offers unparalleled access to vital infrastructure and business amenities. Its proximity to Route 13 ensures convenient transportation links, making it ideal for businesses seeking easy access to regional and national markets. The land is priced at $114,960, translating to $12,178.15 per acre, reflecting its significant potential for growth and return on investment. This location is perfect for new business development or expansion, catering to a wide range of commercial ventures. The property's size and strategic location make it an attractive proposition for developers and businesses alike, offering a unique chance to establish a strong presence in a thriving commercial area. The address is McCormick Swamp Road, Princess Anne, Somerset County, Maryland, zip code 21853. This is a rare opportunity to acquire a substantial land holding in a highly desirable location with excellent development potential. Don't miss out on this chance to secure a piece of prime commercial real estate in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.6646
    Latitude
    38.1875

    Comparable in this City

    • Value Estimation by Request
      65.07 Acres

      Rte 13 & Allen Rd

      Land • 65.07 Acres
      0 Rte 13 & Allen Rd, 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
      6.55 Acres

      9999 Westfield

      Land • 6.55 Acres
      9999 Westfield, 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
      0.72 Acres

      Hampden Ave

      COMMERCIAL (GENERAL) • 0.72 Acres
      Hampden Ave, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      1,200 SF

      12091 Somerset Ave, Unit 2

      COMMERCIAL CONDOMINUIM • 1,200 SF
      12091 Somerset Ave, Princess Anne, MD 21853-1314
      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
    • $95,000

      Monie Creek Building Lot

      3.59 acre building lot in Covington Cove.
      28215 Merlin Ct, Princess Anne, MD 21853
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      12302 Somerset Ave, Princess Anne, MD 21853
      View Details
    • $269,900

      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

    Similar Nearby for Lease

    • Contact for pricing

      Land for Commercial Development

      Land available for industrial, warehouse, or office development.
      11437 Old Princess Anne Rd, Princess Anne, MD 21853
      View Details
    • $12 SF/Yr

      Former Retail Space Available

      Former Rite Aid location off Business Route 13.
      12154 Brittingham Ln, Princess Anne, MD 21853
      View Details
    • $2,700 /Mo

      Divisible Office Space For Rent

      Flexible office space in professional center, Princess Anne, MD.
      11674-11676 Somerset Ave, Princess Anne, MD 21853
      View Details
    • Contact for pricing

      Versatile Flex Space in Princess Anne

      8,330 SF flex property with office and warehouse space.
      30717 Park Dr, Princess Anne, MD 21853
      View Details
    • $2,700 /Mo
      27,443 SF

      Divisible Commercial Space in PRINCESS ANNE

      Flexible commercial space with C-1 zoning in PRINCESS ANNE, MD.
      11680 Somerset Ave, Princess Anne, MD 21853
      View Details
    • $2,700 /Mo

      Versatile Commercial Space Available

      Divisible commercial space suitable for various business uses.
      11680 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.
    Mccormick Swamp 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

    Thank You for Inquiry
    Mccormick Swamp Rd, 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!