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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Outlet malls
12175 Somerset Ave Princess Anne, MD 21853-3003
Entity Owned
7-yr Hold
Free & Clear
Property ID
US40-0486001
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2018
Total area
10,640 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C-2
APN
15-005564
UPID
US40-0486001
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.10M
Owner & transaction history
Wolfpen Associates INC · 7 yrs held
Wolfpen Associates INC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · Princess Anne, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+21.4%
Commercial (general)
$1.8M
+20.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,475,000
Current use
OFFICE BUILDING
$1,790,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,785,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
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
$11,011
Tax year 2023
Assessed value
$1,209,233
Assessed 2024
Previous assessed
$990,200
+22.1% YoY
Effective rate
0.91%
On assessed value
Land market value
$228,700
Improvement market value
$1,418,600
Total market value
$1,647,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2018
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
10,640 SF
Lot
1.53 ac (66,647 SF)
Zoning code
C-2
APN
15-005564
UPID
US40-0486001
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Wolfpen Associates INC
Entity
Free & Clear · 7 yrs held
Mailing address
6778 GOSHEN RD, GOSHEN, OH 45122-9317
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2019
$1,913,860
Wolfpen Associates INC
Ocd 1 LLC
Grant Deed
—
Mar 27, 2018
$250,000
Ocd 1 LLC
Mt Vernon Market INC
Deed
$1,456,000 · Provident State Bank INC
Jan 7, 2015
$4,000
Mount Vernon Market INC
Rvfm 2 LLC
Grant Deed
—
May 2, 2013
$2,690
Rvfm 2 LLC
Bat Holdings Five LLC
Quit Claim Deed
related
—
Dec 28, 2012
$2,690
Bat Holdings Five LLC
Federal Natl Mtg Assn Fnma
Grant Deed
—
Mar 4, 2011
$137,142
Federal Natl Mtg Assn Fnma
Cohn Edward S
Trustees Deed
—
Jun 15, 2006
$150,000
Darnell J Wade
Robert Kirk Corp
Grant Deed
$135,000 · Nationpoint
Feb 17, 2006
$106,000
Robert Kirk Corp
Burson John S
Grant Deed
—
Dec 12, 2002
$99,500
Jamie Hatcher
Kilgore,pearlie M
Grant Deed
$79,600 · Option One Mortgage Corp
Jan 28, 2002
$64,900
Pearlie M Kilgore
Marriner,ethel L
Grant Deed
—
—
—
Darnell J Wade
—
Deed Of Trust
related
$145,700 · Quicken Loans INC
—
—
Pearlie M Kilgore
—
Deed Of Trust
related
$51,920 · Chase Manhattan Mortgage Corp
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.
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