Property profile

11724 Somerset Ave Princess Anne, MD 21853

OFF-MARKET
Turn key restaurants
Property ID
US40-2081902
2,080 SF 0.1 ac lot Built 1950
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 2,080 SF
Lot 0.1 ac (4,446 SF)
Zoning code C-1
APN 01-027263
UPID US40-2081902

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
  • Charitable Organization

Location

11724 Somerset Ave Princess Anne, MD 21853-1239
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2016
6 recorded transactions
2016
$62,000
2012
Price N/A
2004
$89,900
2004
$70,000
2001
$66,000
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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