Property profile

12088 Somerset Ave Princess Anne, MD 21853

OFF-MARKET
Warehouses
Property ID
US40-1522832
8,685 SF 0.4 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1987
Total area 8,685 SF
Lot 0.4 ac (17,503 SF)
Zoning code C-2
APN 01-023705
UPID US40-1522832

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
  • Storage Facility

Location

12088 Somerset Ave Princess Anne, MD 21853
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2022
Last sale
$400,000
2 recorded transactions
2022
$400,000
2002
$325,000

Zoning & alternative use

C-2 · Princess Anne, MD
Zoning description

tandards for multifamily residential. § 163-79 Special standards for nonresidential buildings in the R-2 District. § 163-80 Special standards for the C-1 Community Commercial District. § 163-81 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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