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Property profile & analytics
OFF-MARKET
Assisted living facilities
12360 Palmetto Church Rd, Princess Anne, MD 21853-4046
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US40-2201023
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Total area
4,615 SF
Lot
2.55 ac (111,078 SF)
Zoning code
AR
APN
15-017589
UPID
US40-2201023
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
-
Palmetto Corner Medical Clinic
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
12360 Palmetto LLC · 18 yrs held
12360 Palmetto LLC
since 2008
7 recorded transactions
Zoning & alternative use
AR · 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
$4,831
Tax year 2023
Assessed value
$434,400
Assessed 2023
Previous assessed
$434,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$41,700
Assessed improvement
$392,700
Land market value
$41,700
Improvement market value
$392,700
Total market value
$434,400
Applied tax rate
15.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
6
Total area
4,615 SF
Lot
2.55 ac (111,078 SF)
Zoning code
AR
APN
15-017589
UPID
US40-2201023
Jurisdiction
SOMERSET
Zoning & alternative use
AR · Princess Anne, MD
Zoning AR · permitted uses
AR · 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
2006
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
2.55 ac
Current owner
From public records · entity-resolved
12360 Palmetto LLC
Entity
Mailing address
30625 HEATHER GLN DR, SALISBURY, MD 21804-1959
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
—
12360 Palmetto LLC
—
Deed
related
$838,000 · County Bank
Mar 28, 2008
$545,000
12360 Palmetto LLC
Bloyd,steven W
Grant Deed
$75,000 · Northwest Savings Bank
Dec 13, 2007
$140,815
Steven W Bloyd
Humes,mark
Grant Deed
related
—
Nov 20, 2006
$338,664
Steven W Bloyd
Thomas J Maloney
Deed
—
Nov 21, 2005
$120,000
Thomas J Maloney
Barone,richard E & Amanda D
Grant Deed
—
May 27, 2005
—
Richard E Ward
Barone,amanda D
Grant Deed
—
May 6, 2004
$25,000
Amanda D Evans
Grb Family LP
Grant Deed
$20,000 · Peninsula Bank
—
—
Golden Gardens INC
—
Deed Of Trust
related
$75,000 · Northwest Savings Bank
—
—
12360 Palmetto LLC
—
Deed Of Trust
related
$375,000 · Northwest Savings Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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