Property profile

11545 Somerset Ave Princess Anne, MD 21853

OFF-MARKET
Office buildings
Property ID
US40-2332169
4,691 SF 0.59 ac lot Built 1957
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 4,691 SF
Lot 0.59 ac (25,700 SF)
Zoning code C-1
APN 15-001526
UPID US40-2332169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Department State Government Office

Location

11545 Somerset Ave Princess Anne, MD 21853-1055
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2023
Last sale
$240,000
5 recorded transactions
2023
$240,000
2023
$240,000
2006
$800,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Princess Anne, MD
Zoning description

lot widths. § 163-77 Building setback requirements. § 163-78 Special standards for multifamily residential. § 163-79 Special standards for nonresidential buildings in the R-2 District. § 163-80 Special standards for the…

General category COMMERCIAL

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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