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    11204 Racetrack Rd Berlin, MD 21811

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    For Sale
    Contact for pricing

    Modern offices, various sizes, convenient location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional office space in Berlin, Maryland offers a variety of unit sizes, perfect for businesses of all scales. Located at 11204 Racetrack Road, this property boasts easy access to major roadways including US 50 and US 113, providing seamless commutes for employees and clients. Its strategic location places it within minutes of Berlin, Ocean City, and Salisbury, offering unparalleled convenience and accessibility. The property is also conveniently situated near Ocean Pines and Atlantic General Hospital. Multiple units are available within two buildings, offering flexibility in space requirements. Ground floor units rent for $21.95 per square foot, while second-floor units are available at $17.95 per square foot. Common area maintenance (CAM) charges are an additional $5.45 per square foot. Available spaces range from 707 to 6,353 square feet. Specific unit sizes include: Building 11200 – Unit 201 (1,595 sq ft), Unit 202 (1,445 sq ft), Unit 203 (1,439 sq ft)

    Property Features for 11204 Racetrack Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    FYZICAL Therapy & Balance ... Physical Therapist FYZICAL® Ocean Pines Physical Therapist Carson Bunting Physical Therapist Peninsula Home Care Home Health Care Service Robert Steinberg Dentist

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Hair Salon Nail Salon Hotel & Motel Gym & Fitness Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.18227
    Latitude
    38.38697

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    FAQs

    What type of property is this?
    Office Property / Space - Modern offices, various sizes, convenient location.
    Where is this office property / space located?
    The property is located at 11204 Racetrack Rd Berlin, MD.
    (410) 742-8151
    Request Owner's contact information
    11204 Racetrack Rd Berlin, MD 21811
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    Berlin, MD 21811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11204 Racetrack Rd Berlin, MD 21811
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