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    Property profile & analytics

    12020 Somerset Ave Princess Anne, MD 21853-1321

    • Grocery and convenience stores
    • 6,720 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Last Sale
    Apr 09, 2021
    $600,000
    Location Intelligence
    Property ID
    US40-2287574
    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

    • Crown / Gas Station
    • kash and karry / Gas Station
    • MoneyGram / Money Transfer Service
    • Thirsty's / Gas Station
    • ATM (Cheers) / Atm

    Property Details for 12020 Somerset Ave

    Year built
    1978
    Lot size
    0.64 lot acres
    Property size
    6,720 SF
    Zone code
    R-1
    Property type
    Grocery and convenience stores
    APN
    01-008579
    APU
    1008579

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $645,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $560,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $640,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $550,000
      Mixed-Use
      $445,000
      Hospitality
      $455,000
      Educational
      $585,000
      Residential Income
      $590,000
      Energy
      $560,000
      Income-Based Land
      $475,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Princess Anne
    County
    Somerset
    State
    Maryland
    Longitude
    -75.6956
    Latitude
    38.2114
    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
    $3,993
    $106,500
    $252,600
    $359,100
    -
    $106,500
    $252,600
    $359,100

    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
      $255,000
      2,830 SF

      11795 Somerset Ave

      CONVENIENCE STORE • 2,830 SF
      11795 Somerset Ave, Princess Anne, MD 21853-1234
      View Details
    • Value Estimation by Request
      8,400 SF

      30408 Mt. Vernon Rd

      Individual retail properties • 8,400 SF
      30408 Mt. Vernon Rd, Princess Anne, MD 21853
      View Details
    • Value Estimation by Request
      33,390 SF

      12158 Brittingham Ln

      GROCERY, SUPERMARKET • 33,390 SF
      12158 Brittingham Ln, Princess Anne, MD 21853-2212
      View Details
    • Value Estimation by Request
      5,415 SF

      Brittingham Ln

      CONVENIENCE STORE • 5,415 SF
      Brittingham Ln, Princess Anne, MD 21853
      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

    Similar Nearby for Sale

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      Retail/Office Opportunity in Princess Anne

      Income-producing retail/office property with value-add potential in Princess Anne, MD.
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    • New
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      14.83 acres of commercial land with Route 13 frontage.
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      Commercial site neighboring shopping center and other active businesses.
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    Similar Nearby for Lease

    • $795 /Mo

      Downtown Princess Anne Commercial Space

      Commercial space in downtown Princess Anne, ready for build-out.
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    • $795 /Mo

      Downtown Princess Anne Commercial Space

      Commercial space in downtown Princess Anne, MD, ready for build-out.
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    • $12 SF/Yr
      7,841 SF

      Retail Space in High-Traffic Center

      7200 SF retail space in a high-traffic shopping center.
      12154 Brittingham Ln, Princess Anne, MD 21853
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    • $8 SF/Yr

      Land for Commercial Development

      Land available for industrial, warehouse, or office development.
      11437 Old Princess Anne Rd, Princess Anne, MD 21853
      View Details
    • $13 SF/Yr

      Apartment in Downtown Princess Anne

      Spacious apartment for rent in convenient downtown location.
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    12020 Somerset Ave
    Princess Anne, MD 21853-1321
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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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