Berlin Office Warehouse Investment
For Sale
$1,240,000
10545 Friendship Rd, Berlin, MD 21811
6,600 SF building with 4 units, ideal for investment.
Property Size6,600 SF
Price / SF$187.88
Days on Market318
Property Features for 10545 Friendship Rd
General Information
Standard status
Active
Size
6,600 SF
Class
A
Property subtype
Office
Building Details
Building Size
6,600 SF
Year Built
1999
Listing Agency:
SVN | Miller Commercial Real Estate
Listed By:
Tonney Insley · License #MD #653457
(703) 969-8825
Source:
Svnmiller
Added: Nov 21, 2025
Changed: Sep 5
Last Checked: Oct 5 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Miller Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 10545 Friendship Rd in Berlin, MD, this 6,600 SF building was constructed in 1999 and features 4 units. The property is zoned C1 and is suitable for office or office warehouse use, offering a versatile and flexible layout. Its location provides easy access to Ocean City, Salisbury, and the Metro Areas of DC and Baltimore. This well-maintained property is positioned to deliver a strong return on investment, making it an attractive prospect for investors seeking a promising addition to their portfolio.
Key Highlights
- 6,600 SF building featuring 4 units, ideal for office or office warehouse use.
- Zoned C1, offering flexibility for various business ventures.
- Prime location in the sought‑after Berlin, MD area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,308
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,846,160
$1.8M
Cap Rate 7%
$1,318,686
$1.3M
Cap Rate 9%
$1,025,644
$1.0M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$146.5K $22.20/SF
− Vacancy
−$23.4K −$3.55/SF
EGI
$123.1K $18.65/SF
− OpEx
−$30.8K −$4.66/SF
NOI
$92.3K $13.99/SF
Area
Worcester County, MD
Vacancy
16.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,846,160
Cap Rate 7%
$1,318,686
Cap Rate 9%
$1,025,644
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,308 @ 7.0% cap · market cap 7.44%
Second Best
Warehouse
$857.7K
$750.5K – $1.00M
NOI $60,036 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,023 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 21811, MD
23,907
Population
15,439
Households
1.5
Avg Household Size
52
Median Age
36%
College-Educated
94%
High-School Grad
101.5 sq mi
ZIP Area
236
Density / Sq Mi
$91,293
Median Household Income
$49,929
Median Earnings
$1,398
Median Rent
$362,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 6,600 SF building with 4 units, ideal for investment.
Where is this office building located?
The property is located at 10545 Friendship Rd Berlin, MD.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: 6,600 SF building featuring 4 units, ideal for office or office warehouse use.; Zoned C1, offering flexibility for various business ventures.; Prime location in the sought‑after Berlin, MD area.
