Medical Condo in Berlin Professional
314 Franklin Avenue Berlin, MD 21811
314 Franklin Avenue, Berlin, MD, 21811
$540,000
For Sale
$540,000
Medical condo unit for sale in established Berlin Professional Center.
Property Size2,650 SF
Price / SF$203.77
Days on Market137
Property Features for 314 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Property subtype
- Office
Listing agency
Keller Williams Realty Delmarva
(585) 698-5198
Listed by
Ryan Finnegan · License #653457
(585) 698-5198
Source
Svn
Added: Mar 6 Updated: Jul 10 at 1:00PM Checked: Jul 21 at 8:07AM
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 Keller Williams Realty Delmarva
Investment Insights
Based on property information with market context.
A 2,650 square foot medical condominium unit is available for sale within the Berlin Professional Center. The property is located just off Route 113 and Route 50, providing accessibility from multiple directions. Suite 402 features a large reception and waiting area, multiple private exam rooms and offices, and open work spaces. As a corner suite, it benefits from visibility and parking within a well-known medical and professional park. This property presents an opportunity for either a user or an investor seeking to expand or initiate their portfolio in Berlin, Maryland. The Berlin Professional Center is located on Franklin Avenue, with access from nearby Routes 113 and 50, as well as downtown Berlin.
Key Highlights
- 2650sf medical condo unit in Berlin Professional Center.
- Convenient location off Rt 113 and Rt 50.
- Corner suite with ample visibility and parking.
Local 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 | $58.8k | $22.20 |
| − Vacancy | −$9.4k | −$3.55 |
| EGI | $49.4k | $18.65 |
| − OpEx | −$12.4k | −$4.66 |
| NOI | $37.1k | $13.99 |
2,650 SF · lease $22.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.5K
$463.3K – $617.7K
NOI $37,063 @ 7.0% cap · market cap 6.86%
Second Best
Healthcare Medical
$441.4K
$386.3K – $515.0K
NOI $30,901 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$636.8K
$557.2K – $743.0K
NOI $44,577 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Berlin Oral Surgery
Dental Office
Peninsula Regional Oncology ...
Medical Clinic
Grasso Joseph A MD
Physician
Chandrasekhara Kota L ...
Physician
Mark T. Edney, ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- A Lange Integrative Vet Medicine — Berlin, MD 21811
- Annamarie Lange — 10311 Old Ocean City Blvd, Berlin, MD 218111132
- Berlin Animal Hospital — 10302 Old Ocean City Blvd, Berlin, MD 21811
FAQs
What type of property is this?
Medical Office Space - Medical condo unit for sale in established Berlin Professional Center.
Where is this medical office space located?
The property is located at 314 Franklin Avenue Berlin, MD.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2650sf medical condo unit in Berlin Professional Center.; Convenient location off Rt 113 and Rt 50.; **Corner suite with ample visibility and parking.**
