Medical Condo in Berlin Professional
For Sale
$540,000
314 Franklin Avenue, Berlin, MD 21811
Medical condo unit for sale in established Berlin Professional Center.
Property Size2,650 SF
Price / SF$203.77
Days on Market166
Property Features for 314 Franklin Avenue
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Office
Listing Agency:
Davis strategic
(585) 698-5198
Listed By:
Ryan Finnegan · License #653457
(585) 698-5198
Source:
Svn
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 19 at 5:21AM
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 Davis strategic
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.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$741,260
$741.3K
Cap Rate 7%
$529,471
$529.5K
Cap Rate 9%
$411,811
$411.8K
Market Conditions
NOI Build-Up for 2,650 SF
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.
Gross rent
$58.8K $22.20/SF
− Vacancy
−$9.4K −$3.55/SF
EGI
$49.4K $18.65/SF
− OpEx
−$12.4K −$4.66/SF
NOI
$37.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$741,260
Cap Rate 7%
$529,471
Cap Rate 9%
$411,811
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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.**
