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Property profile & analytics
FOR LEASE
Medical Office Space

11107 Cathage Rd Berlin, MD 21811

71,760 SF 5.84 ac lot Built 2022
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US40-1828851
Property summary
AI-generated overview

This Class A, 70,271 square foot office building in Berlin, Maryland, offers multiple tenancy options within a vibrant medical community. Located at 11107 Cathage Rd, 21811, this Worcester County property boasts 23,579 square feet of immediately available space, divisible into units ranging from 2,500 to 23,579 square feet. The building features both ground floor (4,574+ sq ft) and second floor (19,005+ sq ft) options, ideal for medical practices, executive offices, traditional office setups, or coworking spaces. Its convenient location offers easy access to Route 90 and Route 589, placing it within close proximity to Berlin Main Place Medical Park and Atlantic General Hospital. The Delmarva Health Pavilion is a brand-new building, currently home to Tidal Health and Peninsula Orthopedic Associates, providing an established and reputable environment for new tenants. The property is categorized as Medical Office, Executive Office, and Traditional Office space, offering flexibility for various business needs. Lease rates start at $22 per square foot, NNN. This presents a unique opportunity to establish a presence in a thriving medical hub.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2022
Total area 71,760 SF
Lot 5.84 ac (254,390 SF)
Zoning code C1
APN 03-768677
UPID US40-1828851
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
  • Stephen Pavlos Physician
  • Ana Mata-Fink, MD Physician
  • Scott Gelman, MD Physician
  • Peninsula Orthopaedic Associates Medical Clinic
  • Joseph Alan Cinderella Physician
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
Coastal Venture Properties LLC · 5 yrs held
Coastal Venture Properties LLC
since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A
Zoning & alternative use
C1 · Berlin, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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