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
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property located at 11674–11676 Somerset Avenue in Princess Anne, Maryland is a commercial building offering flexible, divisible interior space designed to accommodate either two separate 1,200-square-foot units or a single combined 2,400-square-foot configuration. It is zoned C-1 and supports a wide variety of commercial uses consistent with that zoning. The interior layout includes a waiting/reception area, 6 or more offices, two conference rooms, two bathrooms, and two kitchenette areas.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 4,800 SF
Lot 0.63 ac (27,532 SF)
Zoning code C-1
APN 01-009702
UPID US40-2170343

Cap rate & NOI

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

Location

11680 Somerset Ave Princess Anne, MD 21853
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.74M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.84M

Owner & transaction history

since 2023
Last sale
$1.5M
1 recorded transaction
2023
$1.5M

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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More about this property
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