New search
Property profile & analytics
FOR SALE
Retail space
12146 Somerset Ave, Princess Anne, MD 21853
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US40-1922398
For Sale
$399,000
12146 Somerset Ave, Princess Anne, MD 21853
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
2,486 SF
Lot
0.7 ac (30,622 SF)
Zoning code
C-2
APN
01-012452
UPID
US40-1922398
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BELLSINC Hair Salon Nail Salon
-
Lavish Glow Esthetics (Bike/Boat/Book/etc) Store Cosmetic Store
-
HAND 2 HAND THRIFT STORE Discount Store
-
JUDAH FEAST Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
All Business Group LLC · 2 yrs held
All Business Group LLC
since 2024
Last sale
$306,000
5 recorded transactions
Zoning & alternative use
C-2 · Princess Anne, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Princess Anne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princess Anne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,512
Tax year 2023
Assessed value
$136,000
Assessed 2023
Previous assessed
$136,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$39,500
Assessed improvement
$96,500
Land market value
$39,500
Improvement market value
$96,500
Total market value
$136,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1959
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
2,486 SF
Lot
0.7 ac (30,622 SF)
Zoning code
C-2
APN
01-012452
UPID
US40-1922398
Jurisdiction
SOMERSET
Zoning & alternative use
C-2 · Princess Anne, MD
Zoning C-2 · permitted uses
C-2 · Princess Anne, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princess Anne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
All Business Group LLC
Entity
Mailing address
111 OLIVE ST, SALISBURY, MD 21801-3623
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
$306,000
All Business Group LLC
Gary E Bloom
Deed
$229,500 · Hebron Savings Bank
Apr 28, 2006
$175,000
Gary E Bloom
Tawes,e Scott & Melanie B
Grant Deed
$140,000 · E Scott & Melanie B Tawes
Sep 8, 2003
$95,000
Tawes E S
Lankford,wilmer O Est
Grant Deed
—
—
—
Gary E Bloom
—
Deed Of Trust
related
$27,000 · Roberta A Bloom
—
—
Gary E Bloom
—
Deed Of Trust
related
$256,000 · Midatlantic Farm Credit Aca
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
