Property profile

12083 Somerset Ave 6 Princess Anne, MD 21853

OFF-MARKET
Commercial real estate
Property ID
US40-2296965
1,200 SF Built 1992
Entity Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1992
Total area 1,200 SF
Zoning code R-1
APN 15-016795
UPID US40-2296965

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
  • Church

Location

12083 Somerset Ave, Unit 6 Princess Anne, MD 21853-1314
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
$265k

Owner & transaction history

since 2004
2 recorded transactions
2004
$88,550
2004
$88,550

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

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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