Financial
Distress signals
Property profile

11501 Progress Ln Princess Anne, MD 21853

OFF-MARKET
Life science properties
Property ID
US40-2280392
5,680 SF 3.59 ac lot Built 2007
Last sale Dec 2020 · $385,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a flex-style industrial facility situated on approximately 3.59 acres and includes an industrial building with approximately 1,200 square feet of office space. The warehouse area has floor drains and substantial interior clearance with 24-foot clear height at the eaves and 28-foot height at the peak, supporting a range of industrial and warehouse uses. Outdoor areas include paved storage, fenced sections, and on-site parking, with landscaping and building maintenance addressed and the site layout allowing for potential future expansion.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$9k
Tax billed · 2023
Assessed value$774k
Assessed land$117k
Assessed improvement$656k
Effective rate1.11%

Value estimate

· Sep 2026
$400k
$360k – $440k
AI approach$355k

Realmo valuation models over county records.

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?
I-1
The intent of this zone is to provide wholesale and warehousing establishments and processing, packaging and sale of poultry, fish and fa...
General categoryINDUSTRIAL
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage8.1
Auto Repair Shop9.6
Gym & Fitness7.9

Location

11501 Progress Ln Princess Anne, MD 21853-1024
County assessor Recorded deeds · 4 transfers Comp sales · not on file 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

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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