Financial
Distress signals
Property profile

11680 Somerset Ave Princess Anne, MD 21853

FOR LEASE
Office buildings
Property ID
US40-2170343
4,800 SF 0.63 ac lot Built 1987
Last sale Feb 2023 · $1,495,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Commercial space located on Somerset Avenue with a zoning classification of C-1 and a layout designed for flexible occupancy through divisibility; it can be configured as two separate 1,200-SF units or as one combined 2,400-SF space. The interior includes a waiting or receptionist area, six or more offices, two conference rooms, two bathrooms, and two kitchenette areas. The property is situated in a car-dependent area (Walk Score 44) with some bicycle accessibility (Bike Score 37).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$537k
Assessed land$105k
Assessed improvement$431k
Effective rate1.11%

Value estimate

· Sep 2026
$1.84M
$1.66M – $2.02M
AI approach$1.74M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
The intent of this zone is to provide Public and private noncommercial parks and recreation areas, including clubs, parks, swimming pools...
General categoryCOMMERCIAL
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.1
Auto Parts Store9.6
Parking Facility9.0

Location

11680 Somerset Ave Princess Anne, MD 21853
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12155 Elm, Princess Anne, MD 21853-1348 $2,165,000 Apr 2022 17,786 SF
10440 Heron, Princess Anne, MD 21853-2882 $4,000,000 Jul 2019 1,782 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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