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    11022 Nicholas Ln Ocean Pines, MD 21811

    Sponsored
    For Sale
    $735,000

    Prime Ocean Pines Office, Updated 2022

    Property size:
    3,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A executive office condominium, located at 11022 Nicholas Lane, Unit 1, Ocean Pines, MD 21811 (APN 56), presents a rare investment opportunity. Boasting 3,528 square feet, this meticulously renovated space ($735,000 asking price, $208.33/sq ft) is ideally suited for a variety of professional uses. The layout features a welcoming reception area, two private offices providing ample privacy, and expansive open areas perfect for collaborative work or flexible configurations. Two full bathrooms, each with connected changing rooms, add to the convenience and functionality. The property includes a 16' x 22' indoor pool (3'6"-4' deep), which the owner is willing to remove and restore the subfloor to concrete. Completely remodeled in 2022, this property benefits from modern amenities and a fresh, updated aesthetic. Monthly condo fees of $903.87 cover all exterior maintenance, landscaping, and trash removal. The business, along with all furniture, fixtures, and equipment, is available for an additional $80,000. This property is zoned for commercial use and offers a unique blend of functionality and modern appeal in the desirable Ocean Pines community. This is a truly exceptional opportunity for a discerning buyer seeking a turnkey executive office space.

    Property Features for 11022 Nicholas Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,528 SF
    Class
    A

    Building Details

    Year Renovated
    2022

    HighLights

    • Class A executive office condo, 3,528 sq ft, $735,000 asking price ($208.33/sq ft).
    • Completely remodeled in 2022.
    • Features reception area, two private offices, large open areas, and two full bathrooms with changing rooms; 16' x 22' indoor pool (removable).
    • Monthly condo fee: $903.87, includes exterior maintenance, landscaping, and trash removal.
    • Business, furniture, fixtures, and equipment available for $80,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Pines
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1615608
    Latitude
    38.3740117

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Ocean Pines Office, Updated 2022
    Where is this office property / space located?
    The property is located at 11022 Nicholas Ln Ocean Pines, MD.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: Class A executive office condo, 3,528 sq ft, $735,000 asking price ($208.33/sq ft).; Completely remodeled in 2022.; Features reception area, two private offices, large open areas, and two full bathrooms with changing rooms; 16' x 22' indoor pool (removable).
    (410) 543-2440
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    11022 Nicholas Ln Ocean Pines, MD 21811
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    Ocean Pines, MD 21811
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    Realmo Value Estimation

    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.

    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.

    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
    11022 Nicholas Ln Ocean Pines, MD 21811
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