Property profile

12302 Somerset Ave Princess Anne, MD 21853

OFF-MARKET
Community centers
Property ID
US40-2250609
15,982 SF 2.65 ac lot Built 2010
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2010
Construction WOOD
Total area 15,982 SF
Lot 2.65 ac (115,434 SF)
Zoning code C-2
APN 01-008196
UPID US40-2250609

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
  • Restaurant
  • Nail Salon
  • Physician
  • Medical Clinic
  • Physician

Location

12302 Somerset Ave Princess Anne, MD 21853-3099
Princess Anne metro Census 930101 SALISBURY, MD-DE METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k

Owner & transaction history

since 2007
4 recorded transactions
2024
Price N/A
2018
Price N/A
2017
Price N/A
2007
$1.3M

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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