Berlin Office Warehouse Investment
10545 Friendship Rd Berlin, MD 21811
For Sale
$1,240,000
6,600 SF building with 4 units, ideal for investment.
Property Size6,600 SF
Price / SF$187.88
Days on Market251
Property Features for 10545 Friendship Rd
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Office
Building Details
Year Built
1999
Listing Agency:
SVN - Miller | Salisbury
(703) 969-8825
Listed By:
Tonney Insley · License #MD #653457
(703) 969-8825
Source:
Svnmiller
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:50AM
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 | Salisbury
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.5k | $22.20 |
| − Vacancy | −$23.4k | −$3.55 |
| EGI | $123.1k | $18.65 |
| − OpEx | −$30.8k | −$4.66 |
| NOI | $92.3k | $13.99 |
6,600 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
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
Property Profile
Location Intelligence
Current Use
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.
