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Property profile & analytics
OFF-MARKET
Commercial real estate

Old Ocean City Blvd Berlin, MD 21811

1.32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional development opportunity presents the chance to construct a state-of-the-art medical office building in Berlin, Maryland. The proposed building, situated on a 1.32-acre lot at 0 Old Ocean City Boulevard, offers unparalleled convenience with its location directly across from Atlantic General Hospital. This prime location ensures high visibility and accessibility for patients and staff. The project allows for a flexible design, accommodating up to two stories and a total of 12,000 square feet. The building's size and floor plan are entirely negotiable, providing significant adaptability to meet specific needs and preferences. The property boasts exceptional access to major highways and transit routes, ensuring convenient commutes for both employees and visitors. This is an ideal opportunity for healthcare providers seeking a modern, efficient, and strategically located facility. The project offers a unique chance to build a custom medical office building tailored to your exact specifications. The starting price is $29 per square foot, NNN. This represents a significant investment opportunity in a rapidly growing area with a high demand for medical services. Don't miss this chance to establish a thriving practice in a highly desirable location. Contact us today to discuss this exciting development opportunity further and explore the possibilities of creating your ideal medical office space.

Property profile
Verified
Property type Commercial real estate
Lot 1.32 ac (57,499 SF)
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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