Property profile

11916 Somerset Ave Princess Anne, MD 21853

OFF-MARKET
Warehouses
Property ID
US40-1176157
7,500 SF 9.22 ac lot Built 1989
Individually Owned
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Total area 7,500 SF
Lot 9.22 ac (401,623 SF)
Zoning code R-1
APN 01-012835
UPID US40-1176157

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
  • County Government Office Professional Services
  • County Government Office
  • County Government Office
  • County Government Office
  • County Government Office

Location

11916 Somerset Ave Princess Anne, MD 21853-1334
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

R-1 · Princess Anne, MD
Zoning description

The intent of this zone is to provide single family and two family units to the community

General category RESIDENTIAL
Top alternative use upside
Retail stores $1.0M +65.1%
Restaurant $710,000 +12.7%

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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