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Property profile & analytics
OFF-MARKET
Estimated value
$4,560,000
Commercial real estate
10848 Kemp Nursery Rd, Princess Anne, MD 21853-2656
Individually Owned
1-yr Hold
Free & Clear
Property ID
US40-1023132
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
42,264 SF
Lot
6.29 ac (273,992 SF)
Zoning code
A
APN
01-019368
UPID
US40-1023132
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$4.56M
Owner & transaction history
Mark Randall Benton JR · 1 yrs held
Mark Randall Benton JR
since 2024
Last sale
$33,500
6 recorded transactions
Zoning & alternative use
A · Princess Anne, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.1M
+0.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Princess Anne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princess Anne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,085,000
Current use
OFFICE BUILDING
$7,115,000
Change: +0% · Conversion: Easy
RETAIL STORES
$5,860,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.56M
Range $4.10M – $5.02M · ±10% · vs last sale $34k (Nov 19 2024)
Last sale anchor
$34k
Nov 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$564
Tax year 2023
Assessed value
$50,700
Assessed 2023
Previous assessed
$50,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$50,700
Land market value
$50,700
Total market value
$50,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
42,264 SF
Lot
6.29 ac (273,992 SF)
Zoning code
A
APN
01-019368
UPID
US40-1023132
Jurisdiction
SOMERSET
Zoning & alternative use
A · Princess Anne, MD
Zoning A · permitted uses
A · Princess Anne, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princess Anne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$7.1M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Lot
6.29 ac
Current owner
From public records · entity-resolved
Mark Randall Benton JR
Individual
Free & Clear · 1 yrs held
Mailing address
109 CAMDEN ST, SALISBURY, MD 21801-4916
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$33,500
Mark Randall Benton JR
Rearden LLC
Deed
—
Nov 13, 2024
$20,000
Rearden LLC
Willis H Dryden JR
Deed
—
Jun 26, 2020
—
Kemps B R Properties LLC
Charles A White
Grant Deed
—
Jun 4, 2020
—
Charles A White
Bountiful Ridge Properties LLC
Grant Deed
—
Feb 1, 2005
$120,000
Bountiful Ridge Properties LLC
Csg Trust
Grant Deed
$185,000 · Farmers Bank Of Willards
Dec 20, 2000
—
Charsam INC
Goldman,samuel M
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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