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    Property profile & analytics

    11795 Somerset Ave Princess Anne, MD 21853-1234

    • Grocery and convenience stores
    • 2,830 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US40-1060632
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Junior's Wines ,liquor&beers / Liquor Store / Wine Store
    • Juniors Wine liquor &beer's / Wine Store / Liquor Store

    Property Details for 11795 Somerset Ave

    Year built
    1983
    Lot size
    0.15 lot acres
    Property size
    2,830 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    15-005866
    APU
    15005866

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $280,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $240,000
      Retail
      $315,000
      Mixed-Use
      $325,000
      Hospitality
      $250,000
      Educational
      $285,000
      Residential Income
      $305,000
      Energy
      $325,000
      Income-Based Land
      $305,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.6935
    Latitude
    38.2051
    CBSA code
    41540
    CBSA name
    SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,959
    $69,400
    $196,700
    $266,100
    -
    $69,400
    $196,700
    $266,100

    Comparable in this City

    • Value Estimation by Request
      780 SF

      13624 Fitzbound Rd

      GROCERY, SUPERMARKET • 780 SF
      13624 Fitzbound Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation
      $620,000
      6,720 SF

      12020 Somerset Ave

      CONVENIENCE STORE • 6,720 SF
      12020 Somerset Ave, Princess Anne, MD 21853-1321
      View Details
    • Value Estimation by Request
      1,864 SF

      11404 Beckford Ave

      GROCERY, SUPERMARKET • 1,864 SF
      11404 Beckford Ave, Princess Anne, MD 21853-2952
      View Details
    • Value Estimation by Request
      1,793 SF

      30197 Deal Is Rd

      GROCERY, SUPERMARKET • 1,793 SF
      30197 Deal Is Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      956 SF

      11173 Harry Riggin Rd

      GROCERY, SUPERMARKET • 956 SF
      11173 Harry Riggin Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      4,997 SF

      11350 Stewart Nck Rd

      CONVENIENCE STORE • 4,997 SF
      11350 Stewart Nck Rd, Princess Anne, MD 21853-2962
      View Details

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    Similar Nearby for Lease

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      Commercial space in downtown Princess Anne, ready for build-out.
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      Land for Commercial Development

      Land available for industrial, warehouse, or office development.
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    • $13 SF/Yr

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    Princess Anne, MD 21853-1234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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