Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Acreage Ready For Building Title is generated by Realmo AI

    10727 Seahawk Road, Berlin, MD 21811

    View on Map
    Claim this Listing
    For Sale
    $500,000

    7.12 acres of waterfront land with utilities on site.

    Type:Land / Fee Simple
    Lot size:
    7.12 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    491
    Last Refresh:
    Mar 13 at 10:56 am

    Property Features for 10727 Seahawk Road

    General Information

    Standard status
    Active
    Lot size
    7.12 Acres
    Property subtype
    Land / Fee Simple

    We can help!

    Listing Contact
    Michael Moore
    Michael Moore

    Listing agent Michael Moore

    Listing office Keller Williams Realty

    Listing date Jan 29, 2025

    Source Compass

    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

    HighLights

    • 7.12 Acres of waterfront property with water access
    • Electric and water are already on site for easy setup
    • Septic perk is approved and on file
    • Convenient location: close to beaches, downtown Berlin, Ocean Downs Casino, and Assateague Island
    • Approximately 3 acres have been cleared and grass has been planted
    • Small building with indoor and outdoor shower on site

    Overview

    This 7.12-acre waterfront property features approximately 3 acres of cleared land with planted grass. Electric and water services are available on site, and septic approval is on file. The property offers water access suitable for kayaks, paddleboards, or a jon boat. A small building includes an indoor and outdoor shower. The location is 9 minutes from a boat ramp and the Ocean City Airport, 5 minutes from downtown Berlin, 14 minutes from Ocean City beach and boardwalk, 8 minutes from Ocean Downs Casino and Assateague Island, and 53 minutes from Tanger Outlets in Delaware. The property is located in Worcester County and is zoned for Stephen Decatur High School, Buckingham Elementary School, and Stephen Decatur Middle School, all part of the Worcester County Public School District.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Hotel & Motel Kitchen & Bath Showroom HVAC Service Accounting Firm Daycare Center Bed & Breakfast Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1901979
    Latitude
    38.3174765

    Nearby Similar for Sale

    • $595,000
      1,936 SF

      Income-Producing Duplex in Historic Berlin

      Renovated duplex in Berlin, MD, fully leased through early 2027.
      104 FRANKLIN Avenue, BERLIN, MD 21811
      View Details
    • $2,600,000

      Commercial Land Near Ocean Downs Casino

      9.26-acre commercial land parcel with development potential.
      10329 RACETRACK Road, BERLIN, MD 21811
      View Details
    • $259,900

      River Run Homesite Opportunity

      Homesite in gated community with water views and amenities.
      MUIRFIELD Lane lot: #78, BERLIN, MD 21811
      View Details
    • $170,000

      Residential Lot in Berlin, MD

      Residential lot for sale near Assateague Island and Ocean City.
      LOT 4 STEPHEN DECATUR, BERLIN, MD 21811
      View Details
    • $549,900
      2,770 SF

      Versatile Commercial Property with Water Views

      Commercial property featuring office spaces, garage, and scenic lake views.
      11107 MANKLIN MEADOWS Ln, Berlin, MD 21811
      View Details
    • $540,000
      2,650 SF

      Medical Condo in Berlin Professional Center

      Medical condo unit for sale in established Berlin Professional Center.
      314 Franklin Avenue, Berlin, MD 21811
      View Details
    • $175,000

      Residential Lot in Berlin, MD

      Residential lot for sale near Assateague Island and Ocean City.
      LOT 8 STEPHEN DECATUR HWY, BERLIN, MD 21811
      View Details
    • $180,000

      Residential Lot in Berlin, MD

      Residential lot for sale near Assateague Island and Ocean City.
      LOT 9 STEPHEN DECATUR HWY, BERLIN, MD 21811
      View Details
    • $180,000

      Residential Lot in Berlin, MD

      Residential lot for sale near Assateague Island and Ocean City.
      LOT 5 STEPHEN DECATUR HWY, BERLIN, MD 21811
      View Details
    • $159,900

      2.49-Acre Parcel Near Berlin, MD

      2.49-acre parcel near Berlin, MD, ready to build.
      OLD OCEAN CITY RD lot: 3, BERLIN, MD 21811
      View Details
    • $2,600,000

      Commercial Land Near Ocean Downs

      9.26-acre commercial development opportunity near Ocean Downs Casino.
      10329 RACETRACK Rd, Berlin, MD 21811
      View Details
    • $699,000

      Commercial Land Near Route 50

      3.56 acre commercial land parcel ripe for redevelopment.
      10010 FRIENDSHIP Rd, Berlin, MD 21811
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 7.12 acres of waterfront land with utilities on site.
    Where is this waterfront land located?
    The property is located at 10727 Seahawk Road Berlin, MD.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 7.12 Acres of waterfront property with water access; Electric and water are already on site for easy setup; Septic perk is approved and on file
    (443) 366-4372
    We can help!
    Listing Contact
    Michael Moore
    Michael Moore
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10727 Seahawk Road, Berlin, MD 21811
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!